FintechDaily – Page 78 – Fresh Dose of Fintech News

Lloyds Banking Group Develops AI-Driven Cybersecurity Technology Patent

Lloyds Banking Group has secured a patent for its Global Collaborations Engine (GCE), an innovative system that employs intelligent algorithms to accurately identify cyberthreats while...

PSR to Act Against Card Schemes Following 25% Fee Increase

The UK's Payment Systems Regulator (PSR) is taking action against Mastercard and Visa following significant increases in card fees by the two companies. The regulator's...

Savings Accounts Experience Significant Increase in Mule-Related Activity

Money launderers and their accomplices are increasingly moving from current accounts to savings accounts in an effort to circumvent stringent bank checks imposed by APP...

Markets Unfazed by Trump’s Proposal for Bitcoin Reserves

Bitcoin's price saw a decline on Thursday, dropping approximately five percent to $85,000, before making a recovery overnight. This was in response to President Donald...

FS-ISAC Provides Guidance on Quantum Computing Risks for the Payment Card Industry

With the advancement of quantum computing, the Financial Services Information Sharing and Analysis Center (FS-ISAC) has released guidance to help the payment card industry address...

87% Experienced AI-Powered Cyberattacks in 2024

SoSafe’s report delves into the global tension between AI adoption and the resulting security risks, reflecting the insights of 500 security professionals and 100 SoSafe...

Ex-Equifax Executives Introduce New KYB Platform

Trust2Connect (T2C), a startup founded by former Equifax executives, has launched an AI-driven Know Your Business (KYB) platform designed to enhance B2B verification processes, speed...

Lloyds Pursues Startups for ‘Launch Innovation’ Program

Lloyds Banking Group is now accepting applications for this year's 'Launch Innovation' programme, aimed at finding potential business partnerships. The bank is seeking ambitious companies...

Flex Secures $25 Million to Develop Comprehensive Business and Personal Financial Management Platform

Flex, a fintech company focused on automating back-office operations for business owners, has successfully raised $25 million in an equity funding round led by Titanium...

Grain Secures $50 Million to Enhance AI-Powered FX Optimization and Hedging Platform

Startup Grain has successfully raised over $50 million to develop an AI-driven platform focused on foreign exchange optimization and hedging. Founded in 2022, the company...