2025 – Page 240 – FintechDaily

JPMorgan Chase Plans to Invest $12 Billion in Technology This Year

JPMorgan Chase plans to invest over $12 billion in technology throughout 2022, contributing to an eight percent rise in expenses that may impact the bank’s...

Accenture to Lay Off 19,000 Workers Amid Decline in Corporate Spending

Accenture has confirmed plans to reduce its workforce by 19,000 employees, which accounts for 2.5% of its total staff, over the next 18 months. This...

Singapore Banks Take Action Against Surge in SMS Phishing Scams

Banks in Singapore are preparing to eliminate clickable links in emails and text messages directed at retail customers due to a recent surge in SMS...

Binance Restarts Spot Trading Following Technical Issue

Cryptocurrency exchange Binance has announced that it is fully operational again after temporarily suspending all spot trading due to a bug. In a recent tweet,...

Concerned by ‘fraud epidemic’, UK MPs Advocate for Legislative Reform

UK MPs are urging the Government to legislate mandatory reimbursement for victims of authorised push payment fraud and to implement new rules aimed at curbing...

PayPal Discloses 4.5 Million Accounts as ‘Illegitimate,’ Stock Prices Dive

During a discussion about Q4 earnings, PayPal CFO John Rainey revealed that 4.5 million accounts were closed due to “bad actors” exploiting incentives and rewards...

“Freedom!” Resonates as the Rallying Cry of Leading Sustainable Investment Advocates

Ceres Global 2023 is the annual event for the Boston-based non-profit organization that collaborates with leaders in the capital markets industry to advance sustainability. Despite...

ECB Alerts Banks to Potential Russian Cyberattack Threat

With the Ukraine crisis escalating, the European Central Bank (ECB) is engaging with financial institutions regarding the potential for cyberattacks allegedly sponsored by Russia, according...

United Fintech Segregates Cobalt into Distinct FX and Digital Asset Ventures

Following its recent acquisition by United Fintech, Cobalt is relaunching as CobaltFX and will be spinning off its digital asset business into a new venture...

Federal Reserve Introduces Toolkit for Banks to Tackle Synthetic Identity Fraud

US banks incurred $20 billion in losses due to synthetic identity fraud in 2020, according to new data from the Federal Reserve. To aid banks...