FintechDaily – Page 142 – Fresh Dose of Fintech News

Binance CEO Minimizes CBDC Risks to Cryptocurrency

Central bank digital currencies (CBDCs) are not a threat to cryptocurrencies; instead, they could enhance trust among skeptics by validating the underlying blockchain technology. This...

Goldman Sachs, MSCI, and Coin Metrics Unveil New Digital Asset Classification System

Goldman Sachs has partnered with MSCI and Coin Metrics to introduce a new classification system for the digital assets market, known as datonomy. Delivered as...

Vitalik Buterin Reflects on the Success of The Merge in Ethereum

Ethereum co-founder Vitalik Buterin took the stage at the Singapore Fintech Festival to discuss the significant advancements made since the implementation of The Merge in...

Hackers Make Off with $17 Million from Uganda’s Central Bank

Hackers have successfully breached the Central Bank of Uganda's firewalls, resulting in the theft of $17 million from Treasury accounts. The attack is attributed to...

Survey Reveals Favor for Shorter Settlement Cycles

The majority of market participants anticipate that the settlement cycle for equities will be shortened to T+1 within the next five years, according to recent...

CBA Tackles Fraud Using AI Technology

Australia's Commonwealth Bank reports that the early adoption of generative AI (GenAI) has significantly reduced fraud rates. During a strategic update in Sydney, the bank...

Gate.io Introduces New Cryptocurrency Payment Solution

US-based Gate.io, one of the largest crypto exchanges, is expanding into the payments sector with the launch of Gate Pay. This initiative stems from the...

Rabobank Channels Investment into ThreatFabric

Rabobank has made an investment in the fraud detection fintech, ThreatFabric. Co-developed with ABN Amro, ThreatFabric offers a software-as-a-Service package for banking web and mobile...

UBS Introduces Bond Traded on Blockchain-Powered Exchange

UBS has introduced a CHF 375 million digital bond that is publicly traded and settled on both traditional and blockchain-based exchanges. The Swiss lender claims...

AI Power Hubs: New Targets for Cybercriminals

Experian’s 12th annual Data Breach Industry Forecast presents five predictions for 2025, indicating that global data breaches are set to continue at a rapid pace....