FintechDaily Staff – Page 168

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.

Research Reveals Increase in Online Stock Trading Activity

Online searches for 'stock trading tips' and 'how to start trading' have surged by over 200% since 2004, according to recent data. Research by UK...

Leaked Video Reveals Lloyds’ On-Site Technology as “Not Fit for Purpose”

A senior banker at Lloyds has expressed concerns that the bank's existing on-site technology is “not fit for purpose,” as revealed in a recorded internal...

Finextra’s Annual Recap

With 2021 coming to an end, let's reflect on the year's most popular news stories and community engagement initiatives. Top News Stories of 2021 January...

$25 Trillion Lost in Global Stock Markets Throughout 2022

The market capitalization of global stock markets decreased by 20% in 2022, while the value of traded stocks declined by 10%, according to the World...