2025 – Page 72 – FintechDaily

ECB Advances Plans for Settlement Using Distributed Ledger Technology

The European Central Bank has adopted a dual-track strategy to integrate distributed ledger technology (DLT) with Target settlement services in the wholesale market. This initiative,...

Hokkoku and Soft Space Launch SoftPOS Tool for Stablecoin Transactions

Hokkoku Financial Holdings is collaborating with Soft Space to create a SoftPOS product that enables merchants to accept both contactless card payments and regulated stablecoin...

Bitget Introduces Zero-Fee Crypto Card Supported by Mastercard

Mastercard, Bitget Wallet, and Immersve are introducing a zero-fee crypto card that allows users to spend their cryptocurrency at over 150 million merchants worldwide. The...

US Bank Groups Urge Swift Transition as Treasury Moves to Eliminate Paper Checks

A trio of bank groups has urged the U.S. Department of the Treasury to expedite the transition from paper checks to electronic payment options. In...

Wise Seeks US National Trust Bank Charter

UK-based money transfer giant Wise has applied to be directly regulated by the US Office of the Comptroller of the Currency in order to establish...

Carney on Net-Zero: “If You’re Not In, You’re Out”

During the 'Financing the Net-Zero Transition' panel at Davos, Mark Carney, the UN's special envoy for climate action and finance, emphasized the crucial role of...

CommBank Unleashes Army of AI Bots to Counter Scammers in Chats

Australia's CommBank is taking action against scammers by introducing a fleet of thousands of AI-generated bot profiles aimed at engaging with and disrupting criminal networks...

Australian Banks Introduce Nationwide Confirmation of Payee Initiative

Australia's banks have launched a national Confirmation of Payee program aimed at protecting customers from being deceived into sending money to criminals. Banks have invested...

Mastercard Leverages AI to Combat Card Reissuance Fraud

Mastercard is launching Account Intelligence Reissuance, a GenAI-based fraud prevention service, in the Eastern Europe, Middle East, and Africa (Eemea) region. The service equips banks...

Elastacloud Hosts Hackathon to Develop Sustainable Finance Solutions

The inaugural Sustainable Finance hackathon, hosted by data science experts Elastacloud in collaboration with Finextra and Responsible Risk, took place on January 16 and 17,...