FintechDaily – Page 75 – Fresh Dose of Fintech News

10 Payment Trends Shaping 2025, as Reported by Mastercard

In a preview of an upcoming Mastercard report set for early 2025, executives at the card processor indicate that generative AI is becoming vital for...

UK Criminals Sentenced for Multi-Million Pound Cryptocurrency Fraud

Four UK nationals have been sentenced for fraudulently obtaining and laundering bitcoin and other cryptocurrencies valued at tens of millions of pounds from an Australia-based...

Tweeq, a Partner of Paymentology, Secures E-Money License in Saudi Arabia

Tweeq, a fintech company based in Saudi Arabia, has obtained its e-money license from the Saudi Central Bank (SAMA). This development aligns with Saudi Arabia’s...

How Financial Technology Can Streamline Global Payments for a Seamless Experience

As technology has advanced, both consumers and businesses have increasingly relied on global payment services for various purposes. With the ongoing digitization of payment processes,...

Kroo, the Startup Digital Bank, Introduces 2% Interest-Bearing Current Account

Mobile-only UK bank Kroo has launched its flagship current account, offering customers 2% interest on balances up to £85,000. Kroo’s analysis of Bank of England...

Upvest Secures €30 Million Funding and Partnership with BlackRock

Upvest, a startup based in Berlin, has raised €30 million and established a partnership with BlackRock to enhance investment accessibility for millions across Europe. The...

US Detains Founder of Cryptocurrency Exchange

US authorities have charged Anatoly Legkodymov, the Russian founder of Hong Kong-based crypto exchange Bitzlato, for allegedly laundering hundreds of millions of dollars in criminal...

Ripple Launches Stablecoin Initiative

Ripple has begun the launch of its RLUSD stablecoin on major global exchanges, including Uphold, Bitso, MoonPay, Archax, and CoinMENA, with additional platforms expected to...

Allica Bank Secures £100 Million in Funding Round

SME challenger bank Allica has successfully raised £100 million in a Series C funding round, led by growth technology investor TCV. Allica Bank achieved profitability...

PSR Urges Data Collaboration Between Banks and Tech Platforms to Tackle APP Fraud

A new report from the Payment Systems Regulator (PSR) highlights how fraudsters are exploiting major platforms to scam consumers. APP (Authorized Push Payment) scams occur...