FintechDaily Staff – Page 182

MonetaGo Shifts Focus from Blockchain to Cloud Due to Scalability Challenges

MonetaGo is transitioning from blockchain technology to a cloud-based model after nearly ten years of utilizing distributed ledger technology for its trade finance fraud prevention...

SEC Files Lawsuit Against Coinbase

The Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, accusing the company of operating its cryptocurrency trading platform as an unregistered national...

Fidor Bank to Pilot Fingerprint Card Technology

Fidor Bank in Germany is set to pilot biometric payment cards from Zwipe in the second half of 2022. Biometric payment cards utilize fingerprints, which...

CAB Payments Sets Sights on London Listing

British business-to-business cross-border payments firm CAB Payments is planning to list on the London Stock Exchange. The company, which specializes in cross-border payments and foreign...

Fraudster Sentenced for Selling Software to Breach Bank Accounts

A man has been sentenced to four and a half years in prison by a London court for selling criminals access to software that allowed...

Binance.US Halts Dollar Deposits

Just days after the SEC filed a lawsuit against it, Binance's US division announced the suspension of dollar deposits, and its banking partners are preparing...

Flagstar Bank Data Breach Exposes Personal Information of 1.5 Million Customers

US-based Flagstar Bank has experienced a data breach affecting over 1.5 million customers. The incident occurred over two days in December, during which attackers accessed...

Fraudsters Sentenced to Four Years in Prison for Cash Trap Scheme

Two men who employed cash trap devices at ATMs to steal customer withdrawals have been sentenced to a total of four years and six months...

A16z Crypto Launches Its First International Office in the UK

A16z Crypto, the Andreessen Horowitz venture capital fund focused on crypto and Web3 startups, has selected the UK as its first international office outside the...

India Suggests Stricter IT Outsourcing Regulations for Banks

India's central bank, the Reserve Bank of India (RBI), is preparing to implement new regulations for IT outsourcing in the financial services sector. The draft...