Latest News – Page 429

UBS Launches Pilot for Blockchain-Powered Payment System

UBS has successfully piloted a blockchain-based payment system known as UBS Digital Cash, aimed at enhancing the speed and efficiency of cross-border transactions for corporate...

TBC Uzbekistan Secures $15M Funding from EBRD and IFC

TBC Uzbekistan, a digital banking provider based in Central Asia, operates as a subsidiary of the London-listed TBC Bank Group. TBC Bank Group has recently...

BIS and MAS Develop Framework for Evaluating Bank Climate Risk

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have created a blueprint for a platform designed to integrate regulatory and...

Morgan Stanley Launches AskResearchGPT for Institutional Securities Team

Morgan Stanley has introduced an AI-powered assistant, AskResearchGPT, designed to help staff extract and summarize insights from its vast research library. This tool provides access...

Which? Alerts Consumers to Be Cautious of Fraudulent Messages Regarding the New Refund Scheme

Fraudsters are already exploiting the new Authorised Push Payment (APP) fraud reimbursement scheme to trick consumers into revealing sensitive banking information, warns the consumer group...

Nium Collaborates with Blockchain Innovator Partior for Cross-Border Payment Solutions

Cross-border B2B payments operator Nium has announced a partnership with Partior, a blockchain-based fintech specializing in clearing and settlement. This collaboration positions Nium as the...

AWS Unveils Generative AI Service for Application Development

AWS has introduced AWS App Studio, enabling financial institutions, fintech firms, and a wide range of organizations to create applications in minutes—something that traditionally could...

Singapore Banks Enhance Security with Facial Verification Technology

Banks in Singapore will implement Singpass Face Verification (SFV) over the next three months to enhance the digital token (DT) setup process for retail banking...

Crypto CEO Kidnapped and Released Following C$1 Million Ransom Payment

The CEO of a cryptocurrency company was kidnapped and held for a C$1 million ransom in Toronto, as reported by local media. Dean Skurka, the...

CFPB Takes Action to Prohibit Medical Bills from Impacting Credit Reports

The Consumer Financial Protection Bureau (CFPB) has announced plans to eliminate medical bills from most credit reports. The proposed rule would prevent credit reporting companies...