FintechDaily – Page 239 – Fresh Dose of Fintech News

European Exchanges Unite to Create Consolidated Tape Joint Venture

Fourteen European exchanges have joined forces to create a joint venture aimed at participating in the selection process for a consolidated tape (CT) for equities...

FSB Intensifies Inquiry into DeFi Vulnerabilities

The Financial Stability Board (FSB) is intensifying its examination of the complex realm of decentralized finance (DeFi), driven by concerns over potential spillover risks to...

FCA Proposes Inclusion of Paid Advertising on Social Media in Online Safety Bill

The UK's Financial Conduct Authority (FCA) has urged the Government to amend the Online Safety Bill to include paid advertising, in addition to user-generated content...

HSBC Enlists Magician Troy von Scheibner to Promote Fraud Awareness

As Black Friday approaches, HSBC has partnered with magician Troy von Scheibner to demonstrate how fraudsters manipulate victims' trust to obtain personal information. Purchase scams,...

US Jury Finds Russian Guilty in $90 Million Hack-and-Trade Scheme

A Russian businessman has been convicted in the US for his involvement in a scheme that generated $90 million through securities trades based on non-public...

FBI Conducts Raid on Chinese POS Terminal Manufacturer PAX Technology

Chinese POS terminal provider PAX Technology is facing serious security concerns following an FBI raid on its Florida offices, which has prompted payments processor Worldpay...

FSB Warns That Many Existing Stablecoins May Fail to Comply with Future Regulatory Standards

The Financial Stability Board (FSB) has issued a warning that many existing stablecoins may not comply with new risk management regulations currently in development. Klaas...

BofA Introduces New Account Validation Service

Bank of America has introduced a fraud prevention service designed for corporate and public sector clients making payments in the United States. Before initiating an...

E-commerce Fraud Attacks Decrease Due to 3DS Revisions

Revisions to the 3DS security protocol have led to a 36% reduction in e-commerce fraud over the past year, despite a notable increase in online...

Euronext Proposes €5.5 Billion Indicative Bid for Allfunds

Exchange operator Euronext has presented an indicative offer to acquire the B2B wealthtech platform Allfunds for approximately €5.5 billion, composed of cash and stock. In...