FintechDaily – Page 137 – Fresh Dose of Fintech News

ECB Explores DLT-Enabled Settlements in Central Bank Currency

The European Central Bank (ECB) is exploring options for settling transactions based on distributed ledger technology (DLT) using fiat currency. To address this, the ECB...

Chase to Limit Zelle Transactions Originating from Social Media

Chase has informed its customers that it will begin blocking payments to social media contacts via the Zelle P2P network due to concerns about fraud....

UK Government Releases Tender for Integrating Open Banking into Gov.UK Pay

The UK government is inviting bidders for a £49 million contract to integrate open banking technology into the Gov.UK Pay payments platform. Gov.UK Pay is...

Swift Launches Blockchain Pilot Project for Corporate Actions Data

Interbank co-operative Swift is collaborating with Symbiont and seven securities firms to test a blockchain-based corporate actions system. The pilot will leverage Symbiont’s proprietary technology...

Apple and Google Undergoing Scrutiny for Competition in UK Digital Wallet Market

Amid growing concerns regarding the dominance of Big Tech in the digital wallet space, UK financial regulators have announced their intention to support the Competition...

SEC Establishes Cyber and Emerging Technologies Division

The US Securities and Exchange Commission has established a Cyber and Emerging Technologies Unit (CETU) aimed at addressing cyber-related misconduct and safeguarding retail investors from...

Citi, HSBC, Morgan Stanley, and RBC Penalized for Revealing UK Bond Pricing

The UK regulator, the Competition and Markets Authority (CMA), has imposed fines totaling £104.5 million on Citi, HSBC, Morgan Stanley, and the Royal Bank of...

Nasdaq Introduces Cryptocurrency Custody Service

Stock market operator Nasdaq is making a significant move into the cryptocurrency space by launching a digital asset custody service aimed at institutional investors. Led...

AFME Advises Caution Regarding Europe’s Shift to T+1 Settlement System

A move by Europe to a one-day settlement cycle (T+1) could offer significant advantages, but several obstacles must be addressed, according to a report from...

Wall Street Titans Participate in $60 Million AccessFintech Funding Round

Capital markets specialist AccessFintech has secured $60 million in a Series C funding round, led by WestCap and supported by several major banks, including BNY...