2025 – Page 206 – FintechDaily

OCBC Introduces Customized Tokenized Bonds for Major Corporate Clients

OCBC has initiated the sale of customized tokenized bonds in S$1,000 denominations, targeting corporate clients with net assets exceeding S$10 million. These tokenized bonds, linked...

AI Poses Risk to 200,000 Jobs in Global Banking Sector

Global banks are projected to cut as many as 200,000 jobs over the next three to five years as artificial intelligence begins to take over...

Avalanche Unveils Visa Cryptocurrency Card

The Avalanche Foundation has introduced a physical and digital credit card that enables users to make purchases using their crypto assets wherever Visa is accepted....

Stripe Reaches $91.5 Billion Valuation Fueled by Successful AI Investments

Stripe has announced a tender offer for employees and shareholders, valuing the payments giant at $91.5 billion, nearing its 2021 peak of $95 billion. The...

Citi Accidentally Credits Client Account with $81 Trillion in Near Miss

A significant error last year caused Citigroup to mistakenly credit a customer account with $81 trillion instead of the intended $280, as reported by the...

Bank Alfalah Secures Stake in Jingle Pay

Bank Alfalah, one of Pakistan’s leading commercial banks with a network of over 1,000 branches across 200 cities, has announced the acquisition of a 9.9% equity...

UniCredit Brings Back Outsourced Back Office Operations, Generating 200 New Jobs

Italy's UniCredit has announced plans to bring previously outsourced back-office activities for securities services back in-house, resulting in the creation of over 140 new jobs...

OKX Faces $505 Million Penalty for AML Violations

The operator of the OKX crypto exchange, Aux Cayes Fintech, has agreed to pay over $504 million in fines and fees after pleading guilty to...

Marqeta Acquires TransactPay to Enhance European Expansion; Announces CEO Transition

US card issuing platform Marqeta has enhanced its presence in the UK and Europe by acquiring TransactPay. In a separate development, Marqeta’s CEO Simon Khalaf...

Behavox Acquires Mosaic Smart Data

AI insights company Behavox has acquired Mosaic Smart Data, a vendor specializing in helping financial institutions derive actionable intelligence from transaction data. The terms of...