FintechDaily Staff – Page 166

FSB Warns That Many Existing Stablecoins May Fail to Comply with Future Regulatory Standards

The Financial Stability Board (FSB) has issued a warning that many existing stablecoins may not comply with new risk management regulations currently in development. Klaas...

BofA Introduces New Account Validation Service

Bank of America has introduced a fraud prevention service designed for corporate and public sector clients making payments in the United States. Before initiating an...

E-commerce Fraud Attacks Decrease Due to 3DS Revisions

Revisions to the 3DS security protocol have led to a 36% reduction in e-commerce fraud over the past year, despite a notable increase in online...

Euronext Proposes €5.5 Billion Indicative Bid for Allfunds

Exchange operator Euronext has presented an indicative offer to acquire the B2B wealthtech platform Allfunds for approximately €5.5 billion, composed of cash and stock. In...

Robinhood’s Stock Declines Following Data Security Breach

Shares in Robinhood experienced a decline after the retail stockbroking platform announced that five million customer email addresses were compromised during a social engineering attack....

Iress Reaffirms Commitment to the UK Market

Australian trading technology vendor Iress expresses its commitment to maintaining its presence in the UK, despite facing "disappointing" results in that market. In its full...

Daimler Drivers Can Soon Make Payments with a Touch of a Finger

Daimler drivers will soon be able to pay for goods and services using just their fingerprint, thanks to a new 'connected car' partnership with Visa....

RTGS.global CEO Sissens Resigns

Cross-border settlement service RTGS.global has appointed Jarrad Hubble as interim CEO following Dave Sissens's resignation for personal reasons. Sissens, who served as CEO for nearly...

Digital ID Company Socure Achieves $4.5 Billion Valuation

Machine learning-based digital identity verification firm Socure has successfully closed an oversubscribed $450 million funding round, achieving a valuation of $4.5 billion. The funding was...

Three-Quarters of APP Fraud Cases Rejected by Banks Overturned by Financial Ombudsman

Consumer complaints organization Which? has highlighted that banks are treating victims of authorized fraud unfairly, with many institutions incorrectly deciding on scam cases and reimbursement...