Latest News – Page 414

Bank of England Advances Retail CBDC to Address Banking Innovation Shortfall

The Governor of the Bank of England, Andrew Bailey, has reaffirmed his support for a retail central bank digital currency (CBDC), arguing that central banks...

Texas Stock Exchange Secures $120 Million to Compete with NYSE and Nasdaq

A new stock exchange, backed by BlackRock and Citadel Securities, is being launched to compete with the New York Stock Exchange and Nasdaq. Located in...

Singapore Unveils Platform to Combat Money Laundering

The Monetary Authority of Singapore (MAS) has introduced a centralized digital platform designed to enable financial institutions to share customer information in an effort to...

AI Adoption is Flourishing in the Financial Industry

According to Lloyds, two out of three financial institutions are already investing in AI. Discover why at Finextra’s inaugural NextGen: AI event this November. Join...

Santander Uses Deepfakes to Highlight Scam Awareness

Santander has launched a campaign highlighting the risks posed to consumers by 'deepfake' videos circulating on social media platforms. As part of this initiative, Santander...

HSBC and Ant International Praise Outcomes of Blockchain-Enabled Tokenized Deposit Transfers

HSBC and Ant International have successfully executed HKD-denominated cross-bank blockchain-based test transactions under the Hong Kong Monetary Authority’s Ensemble Sandbox. Launched in March this year,...

Digital Receipt Platform Slip Secures £2.5 Million in Funding

Slip, a female-founded fintech startup that assists physical stores in digitizing receipts to gain customer insights, has successfully raised £2.5 million in funding. The seed...

Nationwide Branch Advertisement Pulled for Being Misleading

A Nationwide advertisement has been banned for inaccurately implying that the building society has not been closing branches. In October and November, Nationwide launched a...

Australia Takes a Step Forward in Implementing Confirmation of Payee

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have finalized the design specifications for a new national Confirmation of Payee service aimed at...

Bank of England and FCA Release Draft Guidance for Digital Securities Sandbox

UK regulators are seeking feedback on draft guidance designed for firms aiming to enter the new Digital Securities Sandbox (DSS). The DSS aims to adjust...