Latest News – Page 260

An In-Depth Examination of Confirmation of Payee

In her final panel of the day, Finextra’s head of content, Madhvi Mavadiya, hosted a discussion on Confirmation of Payee (COP) featuring Christina Fransson, senior...

Scammers Exploit Progressive Web Apps for Latest Phishing Scheme

Security researchers have uncovered a new phishing technique that employs progressive web applications (PWAs) to target bank customers in Eastern Europe. PWAs function as websites...

MAS Lifts Six-Month IT Ban Imposed on DBS

Singapore's central bank has removed restrictions on non-essential IT services that were placed on DBS Bank following a series of disruptive outages affecting the bank's...

Binance Founder Changpeng Zhao Sentenced to Four Months in Prison

The founder of crypto exchange Binance, Changpeng "CZ" Zhao, has been sentenced to four months in prison in the US after pleading guilty to violating...

Lunar Secures €24.1 Million in Funding

Denmark-based digital challenger bank Lunar has successfully raised EUR 24.1 million to strengthen its capital position for expanded operations across the Nordics. This latest funding...

Airwallex Engaged in Funding Discussions Valued at $6 Billion

Singapore-based payments firm Airwallex is reportedly in discussions to raise $200 million at a valuation of $6 billion, according to Bloomberg. Founded in Australia in...

Chase Becomes the First Bank in the Lower 48 States—What’s Next?

Andrea Principe, managing director of the Northeast division for consumer banking at Chase, spoke at the Future Branches conference in Boston about the challenges facing...

Bank of England Alerts Payment Firms to Prepare for New Operational Resilience Regulations

Payment firms have been alerted by the Bank of England to enhance their preparations for new 'operational resilience' standards set to take effect next year....

Exploring the Latest Immersive Trends in Payment Technology

Artificial intelligence (AI) and cloud computing are quickly transforming the operations of payment service providers (PSPs). At EBAday 2023, Claudia Olsson, CEO and founder of...

Blockchain Researchers Leverage AI to Detect Bitcoin Money Laundering

Researchers from Elliptic, IBM Watson, and MIT have leveraged AI to uncover money laundering activities on the Bitcoin blockchain. In 2019, Elliptic, a blockchain analytics...