Cross-Border Confirmation of Payee Implemented for Dutch and French Banks
Confirmation of Payee is expanding its reach to include Dutch and French banks.
Research Reveals Increase in Online Stock Trading Activity
Online searches for 'stock trading tips' and 'how to start trading' have surged by over 200% since 2004, according to recent data. Research by UK...
Leaked Video Reveals Lloyds’ On-Site Technology as “Not Fit for Purpose”
A senior banker at Lloyds has expressed concerns that the bank's existing on-site technology is “not fit for purpose,” as revealed in a recorded internal...
Finextra’s Annual Recap
With 2021 coming to an end, let's reflect on the year's most popular news stories and community engagement initiatives. Top News Stories of 2021 January...
$25 Trillion Lost in Global Stock Markets Throughout 2022
The market capitalization of global stock markets decreased by 20% in 2022, while the value of traded stocks declined by 10%, according to the World...
Morgan Stanley Faces $60 Million Lawsuit Over Mishandling of Legacy Technology in Data Breach
Morgan Stanley has reached a $60 million class action settlement concerning mishandling of legacy technology, which resulted in two data breaches in 2016 and 2019....
ASX Establishes New Chief Investment Officer Role
The Australian Securities Exchange (ASX) is establishing a separate technology division, appointing a dedicated chief information officer (CIO) to lead it. The exchange operator is...
Bank Security Vulnerabilities Expose Customers to Scammers
Consumer group Which? has highlighted deficiencies in online banking security that may leave customers vulnerable to fraud. Their investigation reveals that some banks are not...
North Korean Hackers Pilfered $400 Million in Digital Assets in 2021
In a significant report from Chainalysis, it has been revealed that 2021 marked a notable year for North Korean cybercriminals, who managed to steal nearly...
UK Market Participants Express Concerns Regarding Transition to T+1
As the US prepares to shorten the settlement cycle, market participants in the UK are expressing concern about potential operational, technological, and cost obstacles, according...