FintechDaily – Page 97 – Fresh Dose of Fintech News

New Data Access Legislation Advances Transition from Open Banking to Open Finance

The UK Government has successfully passed the Data (Use and Access) Bill through the House of Parliament, facilitating the growth of open banking and smart...

PayPal Launches Stablecoin on Stellar Network

PayPal aims to enhance the utility of its stablecoin by making it available on the high-speed, low-cost Stellar blockchain network. Currently offered on Ethereum and...

Crypto Approaches a Systemic Risk ‘Tipping Point’

Cryptocurrency may be approaching a point where it could threaten the stability of the global financial system, according to the outgoing chair of the Financial...

Stripe Acquires Crypto Wallet Company Privy

Payments giant Stripe is acquiring crypto wallet infrastructure startup Privy for an undisclosed fee. The deal marks Stripe's significant return to the crypto space after...

Aston Offshore Bank Receives Banking License

Guernsey’s last locally-based bank ceased trading in 1996, making Bank Aston the first to be licensed by the Guernsey Financial Services Commission (GFSC) in almost...

Payrails Secures $32 Million in Funding

Berlin-based payment software company Payrails has successfully raised $32 million in Series A funding. The round was led by HV Capital’s Growth Fund, with strong...

Citi to Cut 3,500 Tech Jobs in China

Citi plans to reduce its workforce in China by 3,500 tech employees as part of a significant restructuring of its global operations. The layoffs will...

Noah, a Stablecoin Startup, Secures $22 Million in Funding

A former Adyen executive and an ex-UBS analyst have entered the burgeoning stablecoin infrastructure market, securing $22 million in seed funding for their startup, Noah....

Coinbase Introduces Bitcoin Rewards Credit Card

Coinbase has partnered with American Express to introduce a credit card that offers up to four percent bitcoin back on purchases. Available to Coinbase One...

Klarna Teams Up with Gifting Platform Nift to Enhance Loyalty Initiatives

Klarna has teamed up with AI-powered gifting platform Nift to provide personalized gifts aimed at enhancing customer loyalty. Through this partnership, Klarna will use Nift...