FintechDaily – Page 215 – Fresh Dose of Fintech News

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....

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...