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FintechDaily

Fresh Dose of Fintech News
Thursday, May 8th, 2025

UK Contactless Limit Set to Increase to £100 This October

UK Contactless Limit Set to Increase to £100 This October
Brits will be able to make contactless payments of up to £100 starting from 15 October, as confirmed by UK Finance. This increase, up from...
FintechDaily Staff
February 12, 2025

FCA Establishes Innovation Advisory Group

FCA Establishes Innovation Advisory Group
The Financial Conduct Authority (FCA) has appointed seven advisors to a new Innovation Advisory Group (IAG), set to hold its first meeting this month. The...
FintechDaily Staff
February 12, 2025

Former Credit Union Employee Strikes Back by Deleting 20GB of Data

Former Credit Union Employee Strikes Back by Deleting 20GB of Data
A woman in the US has pleaded guilty in a Brooklyn court after breaking into a credit union's computer system and deleting over 20 gigabytes...
FintechDaily Staff
February 12, 2025

SurePay Secures €12.2 Million in Funding for Confirmation of Payee Solutions

SurePay Secures €12.2 Million in Funding for Confirmation of Payee Solutions
SurePay, a spin-off of Rabobank that provides Confirmation of Payee (CoP) services in the UK and Benelux, has successfully raised €12.2 million in a funding...
FintechDaily Staff
February 12, 2025

Klarna Prepares to Dive into the Crypto Space

Klarna Prepares to Dive into the Crypto Space
Buy now, pay later giant Klarna is exploring cryptocurrency integration ahead of its anticipated IPO in April this year. Klarna's CEO, Sebastian Siemiatowksi, recently shared...
FintechDaily Staff
February 12, 2025

FCA Increases Efforts to Tackle Misleading Financial Promotions

FCA Increases Efforts to Tackle Misleading Financial Promotions
Nearly 20,000 financial adverts were withdrawn or amended in the UK last year following intervention from the FCA, which is nearly double the amount from...
FintechDaily Staff
February 12, 2025

Mastercard Acquires Crypto Intelligence Company CipherTrace

Mastercard Acquires Crypto Intelligence Company CipherTrace
Mastercard is enhancing its digital asset capabilities by acquiring cryptocurrency intelligence firm CipherTrace, with financial terms undisclosed. CipherTrace specializes in analyzing large volumes of blockchain...
FintechDaily Staff
February 12, 2025

Rapyd Negotiates $300M Fundraising with Significant Valuation Adjustment

Rapyd Negotiates $300M Fundraising with Significant Valuation Adjustment
Payments-as-a-Service platform Rapyd is seeking to raise $300 million at a valuation of $3.5 billion, significantly lower than the $9 billion it achieved during a...
FintechDaily Staff
February 12, 2025

IPiD Unveils AI-Driven Name Matching Technology for Enhanced Payee Verification

IPiD Unveils AI-Driven Name Matching Technology for Enhanced Payee Verification
Payment identity network iPiD has partnered with Microsoft to develop an AI-powered name-matching tool for Verification of Payee (VoP). Name matching has been a fundamental...
FintechDaily Staff
February 12, 2025

Major Banks Allocate $45 Million to Carbon Credit Trading Network

Major Banks Allocate $45 Million to Carbon Credit Trading Network
A group of nine banks has invested $45 million in Carbonplace, a global DLT-based carbon credit transaction network they established, which is becoming an independent...
FintechDaily Staff
February 12, 2025

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