FintechDaily – Page 143 – Fresh Dose of Fintech News

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....

Gen Digital acquires MoneyLion for $1 billion

Mobile banking firm MoneyLion has reached an agreement to be acquired by technology group Gen Digital in a $1 billion cash deal. The boards of...

G20 Called to Act Against Bank Financing of Fossil Fuels

Leading economists, bankers, and investors have urged G20 leaders to implement ambitious regulations to avert a global financial crisis spurred by ongoing investments in the...

NAB Aims to Eliminate Passwords Within Five Years

National Australia Bank (NAB) plans to eliminate passwords for internet banking within the next five years, transitioning to passkeys and biometric recognition technology for enhanced...

Binance Withdraws from FTX Acquisition

Binance has announced that it will not proceed with its plans to acquire FTX, referencing the outcomes of its due diligence and reports regarding U.S....

20% of Consumers Fell Victim to Scammers in 2024

New research from Barclays Bank reveals that one in five consumers fell victim to a scam in the past year. The study, conducted by Censuswide...

FTX Seeks U.S. Bankruptcy Protection as Bankman-Fried Resigns

Cryptocurrency exchange FTX has initiated Chapter 11 bankruptcy proceedings in the United States, with founder Sam Bankman-Fried stepping down as CEO. Around 130 affiliated companies,...

Thieves Use Boat-Lifting Straps to Pull Cash Machines from Car

Heavy-duty straps used for lifting boats out of the water have been associated with a series of cash machine raids in Worcestershire. West Mercia police...

ASX Faces A$250 Million Loss Following Cancellation of DLT-Based Chess Replacement Initiative

The Australian Securities Exchange (ASX) has decided to terminate its long-delayed blockchain-based post-trade network project, resulting in a financial write-off of approximately A$250 million. Since...