2025 – Page 56 – FintechDaily

Droit Secures UBS Support for Growth in Wealth Management Sector

US RegTech Droit has secured $23 million in Series B funding, with Pivot Partners and UBS serving as co-leads, alongside existing investor Goldman Sachs. The...

DeFi Fraud and Theft Result in $10.5 Billion in Losses in 2021

As regulators intensify their scrutiny of Decentralised Finance (DeFi), recent data from Elliptic indicates that DeFi users and investors have incurred losses exceeding $12 billion...

Certain Companies Are Spending Over 26 Times More Than Their Peers on Index Data

As the Financial Conduct Authority initiates an investigation into the wholesale data market, a new study from Substantive Research reveals concerning price disparities in fees...

Pomelo Integrates US Consumer Credit with International Money Transfers to the Philippines

Pomelo has partnered with Mastercard and Coastal Community Bank to provide US immigrant customers with the opportunity to use and build credit while supporting family...

US Banks Required to Report Cyber Incidents Within 36 Hours

US regulators have approved a new rule requiring banks to report any "significant" computer security incidents within 36 hours of discovery. Banks must notify their...

Bloomberg Finalizes Acquisition of Broadway

Bloomberg has reached an agreement to acquire Broadway Technology, a company that specializes in front-office technology for the sell-side. The financial details of the deal...

Average Price of Payment Cards on the Dark Web Hits $9.70

An analysis of over four million payment cards available for sale on the dark web indicates that these cards belong to individuals from 140 countries,...

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.