Latest News – Page 422

SoFi Penalized $1.1 Million for Defective ID System Linked to Multi-Million Dollar Fraud

SoFi's self-directed retail brokerage unit has been fined $1.1 million by financial regulator Finra due to ID verification shortcomings that allowed thieves to steal $8.1...

Chift Secures Seed Funding to Enable SaaS Companies in Developing Integrations

Chift, a Belgian startup dedicated to assisting SaaS companies with the integration of various financial applications through APIs, has successfully secured €2.3 million in seed...

Cube RegTech Expands Portfolio with Acquisition of Reg-Room

Regulatory intelligence firm Cube has acquired US-based Reg-Room as part of a strategy to consolidate the regulatory technology market. Founded by Nick Paraskeva and located...

Canada Imposes C$6 Million Fine on Binance for AML Violations

Cryptocurrency exchange Binance has been fined C$6 million by Canadian authorities for breaching money laundering and terrorist financing laws. The Financial Transactions and Reports Analysis...

Pensions Dashboard Initiative Postponed Amid Digital Skills Shortage

According to a recently released report from the National Audit Office (NAO), the UK government’s Pensions Dashboards Programme (PDP) has been delayed due to a...

MPs Caution Against Widespread Government Surveillance of Bank Accounts

A group of UK MPs has filed a parliamentary motion urging the government to eliminate provisions in a new bill that they believe would lead...

Mastercard Introduces Payment Passkeys in India

Mastercard is set to launch its Payment Passkey service in India, introducing biometric authentication for online shopping. Initially, the service will be piloted with some...

BaaS Startup Connect Money Secures $8 Million in Funding

Egyptian Banking-as-a-Service startup Connect Money has successfully secured $8 million in seed funding, led by Disruptech Ventures and Algebra Ventures. Connect Money provides a white-label...

UK Payment Companies Resist APP Fraud Refund Initiative

Payments firms are urging a reevaluation of the UK’s plans to protect victims of APP fraud, expressing concerns that a refund cap of £415,000 could...

Nasdaq Enhances Market Surveillance using Generative AI

Exchange operator Nasdaq is integrating a GenAI-powered feature into its market surveillance technology. This advancement is designed to enhance the quality, speed, and efficiency of...