Latest News – Page 407

Singapore Banks to Eliminate One-Time Passwords

Banks in Singapore are set to gradually eliminate the use of phishing-prone One-Time Passwords (OTP) in favor of digital tokens for bank account logins. The...

Ex-Revolut Executives Unveil New Cryptocurrency Exchange

A group of former Revolut employees has successfully raised $6.5 million for the hybrid cryptocurrency exchange, X10. Investors in this funding round include Tioga Capital,...

Spain Halts Sam Altman’s Worldcoin Initiative

Sam Altman's cryptocurrency initiative, Worldcoin, has received an order from Spain to cease the collection and usage of individuals' personal data. The nation's data protection...

LSEG Acquires Axoni’s Post-Trade Technology Division

The London Stock Exchange Group (LSEG) has acquired the Veris post-trade processing business and related intellectual property from Axoni. Financial terms were not disclosed. The...

Banks and Payment Systems Disrupted by Flawed CrowdStrike Update Leading to Global Microsoft Outage

A global tech outage affecting Microsoft platforms has impacted banks and card payment systems worldwide. The disruption is attributed to a software update from cybersecurity...

Tide Purchases Payroll Service Onfolk

Business finance platform Tide has acquired UK payroll provider Onfolk, which specializes in servicing SMEs. The financial details of the transaction have not been disclosed....

Q1 Records Nearly 500 Fintech Transactions

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto, and blockchain emerging as prominent sectors, according...

Griffin Secures $24 Million and Launches as a Fully Operational Bank in the UK

UK Banking-as-a-Service startup Griffin has secured $24 million in new funding to fulfill regulatory capital requirements and transition from 'mobilisation' to being a fully licensed...

AI Assessment Reveals Banks Falling Behind on Climate Initiatives

Most of the largest commercial banks globally are falling short in implementing effective measures to climate-proof their operations and the businesses they finance, according to...

BBVA Launches Global Cybersecurity Center in Mexico

BBVA is establishing a global cybersecurity center in Mexico as part of a partnership with IT services company Telefónica Tech. This initiative aims to enhance...