FintechDaily – Page 247 – Fresh Dose of Fintech News

UK Finance Reports Significant Increase in APP Fraud

The latest fraud figures released by UK Finance highlight a significant increase in authorised push payment (APP) fraud in 2021, with losses rising by 39%...

Bank of China’s BOCI Launches Its First Tokenized Notes

The Bank of China’s investment banking arm, BOCI, has issued a tokenised security on the main Ethereum blockchain in Hong Kong. BOCI issued CNH 200...

CBA Enhances AI Technology for Scam Prevention

The Commonwealth Bank of Australia (CBA) is enhancing its AI technology across digital banking platforms to combat increasing scams that target its customers. The bank's...

FIA Tech Secures $25.4 Million for Trade Data Network Initiative

Seven major global banks have invested $25.4 million to support the ongoing development of a post-trade service for exchange-traded derivatives. The funding was provided to...

Ant Group Releases Open-Source Privacy Software

Chinese fintech giant Ant Group has made its "privacy-preserving Computation Framework" open source. The framework is designed to maintain user privacy while facilitating data analysis...

Survey Reveals UK Shoppers’ Frustration with SCA

More than a third of UK shoppers have reported being unable to complete an e-commerce transaction due to new strong customer authentication (SCA) rules, according...

JPMorgan Launches Suite of Sustainable Investment Data Products

JPMorgan is set to equip institutional investors with sustainable investment data sourced from a variety of market data providers. Available through the bank's data analytics...

SC Ventures Introduces Invoicing and Billing Fintech Services for SMEs in APAC

SC Ventures, the fintech investment and incubation arm of Standard Chartered, has launched Labamu, a new invoicing and billing platform for SMEs in the Asia-Pacific...

Bank of Ireland Alerts Public to New Twist on Smishing Scams

Bank of Ireland is alerting customers to a recent surge in fraudulent text messages, where scammers are exploiting individuals' card details to set up Apple...

Money Squirrel Introduces App to Assist UK Businesses with Cash Flow Management

Startup Money Squirrel has launched an open banking-powered app designed to assist UK businesses in effectively managing their cash flow. Money Squirrel's platform utilizes open...