FCA Outline How Technology is the Key to Tackling Financial Fraud
- 1 year 10 months ago
- Risk Management
Nikhil Rathi, Chief Executive of the Financial Conduct Authority (FCA), outlined technology and data as key to tackling financial fraud in the UK in a speech delivered at the Peterson Institute of International Economics this week. Rathi proclaimed that the FCA has “invested heavily in data and technology” to help scan for fraud, with over 100,000 websites scanned for fraud each day.
5ire Raises USD 100 Million in Series A Funding at Valuation USD 1.5 Billion, Turns Unicorn
- 1 year 10 months ago
- Fundraising News
5ire, a fifth-generation level 1 blockchain network and the world’s first and only sustainable blockchain, today announced that it has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM.
Blockpass and BlockOn Capital Partner over India Blockchain Week
- 1 year 10 months ago
- Blockchain
Blockpass, the Safe Network for Crypto, is announcing a partnership with BlockOn, the worldwide blockchain venture builder & firm. As part of this move, Blockpass will provide information, updates and coverage of BlockOn's events, and BlockOn has invited Blockpass to speak at its India Blockchain Week event, which covers a whole host of themes from NFTs to Governments to Start-Ups over its 7 days.
Mastercard Engage Program Expands with Payment and Lending Ecosystem Partners to Streamline Open Banking for Fintechs, Merchants and Lenders
- 1 year 10 months ago
- Payments
Mastercard today announced an expansion of its Engage partner network to include its open banking services, offering customers easy access to several technology partners that can quickly build and deploy open banking solutions for payments and lending decisioning at scale.
Worldline and Casio Enter into Strategic Partnership to Simplify Card Acceptance for Merchants in Japan
- 1 year 10 months ago
- Banking
Worldline, a global leader in payment services, and Casio Computer announce they have agreed on a strategic business alliance to facilitate card payments and cashless shopping in Japan, a market with huge potential to overturn its conservative retail landscape.
Open Banking Post-Pandemic Growth Driven by Digital Acceleration
- 1 year 10 months ago
- Open Banking
Open Banking adoption is growing, driven by the rapid digitisation of finance – according to the data from global information and insights company, TransUnion.
Moolahgo Adds Philippines GCash to its Suite of Real-time Payment Services
- 1 year 10 months ago
- Payments
Responding to increasing market demand for low-cost, real-time payment services, Moolahgo has expanded its payment to e-wallet service to include the Philippines e-wallet GCash. What sets Moolahgo apart from other remittance apps is that its service allows a Moolahgo user to simply select a phone number saved in the phonebook and send money real-time (24x7) to the payee’s GCash wallet in the Philippines. Moolahgo is also making this technology...
Stripe Slashes Internal Valuation by 28%
- 1 year 10 months ago
- Payments
Payments company Stripe has slashed its valuation by 28%, becoming the latest privately-funded fintech to suffer from the repercussions of a sustained sell-off of tech shares.
Stripe's Valuation Fell by 28%
- 1 year 10 months ago
- FinTech StartUps
An impartial party determines a 409A, which affects Stripe's common shares. If Stripe goes public, their preferred shares will be changed into common shares, devaluing their holdings. Stripe's current valuation is $74bn, down from $95bn, with an internal share price of $29. On 30 June, the payments processor emailed its share drop. Stripe follows several major fintech startups that have suffered severe devaluations since 2022. Klarna, a...
Merchants Report Increase in Chargebacks but Little Success in Combatting Them, According to the 2022 Chargebacks911 Field Report
- 1 year 10 months ago
- Infrastructure
Chargebacks911, the leading dispute specialist that powers chargeback remediation for the largest global eCommerce businesses, today releases its third annual Chargeback Field Report. The report details a real-world look at the health and status of chargeback management in the card-not-present (CNP) space.
MDOTM Enters World’s Best AI Companies List
- 1 year 10 months ago
- Artificial Intelligence
MDOTM Ltd., the global provider of AI-driven investment solutions for institutional investors, enters Fintech Global's list of the world's most innovative AI companies. Chosen among over 2000 international applications, a panel of industry experts selected MDOTM due to the company’s innovative approach to AI in Asset and Wealth Management and the growing adoption of its proprietary technology by institutional investors across Europe and the US.
Sell-side Makes Significant Progress on Derivatives Clearing Capacity and Give-ups
- 1 year 10 months ago
- Banking
Derivatives clearing banks’ post-trade systems performed significantly better during the volatility of Q1 2022 when compared to their performance during the initial outbreak of the Covid-19 pandemic, despite being tested with higher volumes, a study by Acuiti has found.
Seven Startups Join Mastercard Start Path Program
- 1 year 10 months ago
- FinTech StartUps
Mastercard is expanding its award-winning Start Path startup engagement program to include seven early and late-stage startups hailing from the United States, Canada and Latin America. Carbon Neutral Club, Guava, oneKIN, Palla, SUMA Wealth, Truora and Yunit are the newest Start Path companies that are embedding climate action into company
Sentinels Recognized as a Top AI Innovator in Financial Services Across the World
- 1 year 10 months ago
- Artificial Intelligence
Sentinels, a Fenergo company and Europe’s leading intelligent transaction monitoring platform, has been recognized as one of the world’s most innovative AI solution providers by being included in the AI FinTech 100 List for 2022, organized by FinTech Global.
TurnKey Lender raises $10 million in new funding round with OTB Ventures and appoints former Intel Corporate Vice President Christian Morales as Chairman of the Board
- 1 year 10 months ago
- Fundraising News
Today, TurnKey Lender, a global fintech B2B Software-as-a-Service (SaaS) company specialising in AI-powered lending automation solutions, has closed a US$10 million new funding round.
