FintechDaily – Page 241 – Fresh Dose of Fintech News

Plaid Supports New Framework for Fintech Data Security

A coalition of fintech and security compliance companies, including Plaid, MX, and Flinks, is establishing a framework to enhance the protection of consumer financial information....

Paysafe Considers Selling Itself – Bloomberg

Publicly-listed online payments firm Paysafe is contemplating a sale after attracting interest from potential buyers, as reported by Bloomberg. Shares in Paysafe surged by more...

FCA to Address Competitive Issues in the Market Data Industry

The UK's Financial Conduct Authority (FCA) is planning a significant overhaul of the market data sector after its study revealed that a lack of competition...

Rapid Digital Transformation is Surpassing Banks’ Capacity to Address Cyber Threats

The rapid transition to digital platforms by established banks in the Asia-Pacific region is outpacing their ability to protect against emerging cyber threats, according to...

UK Government to Introduce Legislation Mandating Reimbursement for APP Fraud

The UK's banks will soon be required to publish data related to their performance on authorized push payment (APP) scams, including reimbursement levels for victims...

Droit Secures UBS Support for Growth in Wealth Management Sector

US RegTech Droit has secured $23 million in Series B funding, with Pivot Partners and UBS serving as co-leads, alongside existing investor Goldman Sachs. The...

DeFi Fraud and Theft Result in $10.5 Billion in Losses in 2021

As regulators intensify their scrutiny of Decentralised Finance (DeFi), recent data from Elliptic indicates that DeFi users and investors have incurred losses exceeding $12 billion...

Certain Companies Are Spending Over 26 Times More Than Their Peers on Index Data

As the Financial Conduct Authority initiates an investigation into the wholesale data market, a new study from Substantive Research reveals concerning price disparities in fees...

Pomelo Integrates US Consumer Credit with International Money Transfers to the Philippines

Pomelo has partnered with Mastercard and Coastal Community Bank to provide US immigrant customers with the opportunity to use and build credit while supporting family...

US Banks Required to Report Cyber Incidents Within 36 Hours

US regulators have approved a new rule requiring banks to report any "significant" computer security incidents within 36 hours of discovery. Banks must notify their...