February 2025 – Page 31

Bitmart Suffers $100 Million Loss in DeFi Hack

Crypto exchange Bitmart has recently experienced a significant security breach, reportedly losing around $100 million and halting all withdrawals. The Exchange's CEO, Sheldon Xia, took...

Bank of Africa UK Transitions to Oracle Cloud Infrastructure

Bank of Africa United Kingdom has migrated its core banking systems to Oracle Cloud Infrastructure (OCI). Oracle states that OCI will provide the lender with...

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...