FintechDaily – Page 253 – Fresh Dose of Fintech News

HSBC Introduces New ESG Index

HSBC has launched a global Index that employs artificial intelligence to assess the enhancement of a company’s ESG credentials and their potential for positive financial...

OCBC Capital Raises Limits Following Inadequate Response to SMS Phishing Scams

The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of approximately S$330 million on OCBC Bank (OCBC) due to the bank's inadequate...

NatWest Introduces Confirmation of Payee API for Business Clients

NatWest has introduced an API that enables commercial customers to embed Confirmation of Payee features directly into their systems and processes. Confirmation of Payee was...

Singapore Banks Enhance Measures to Combat Digital Scammers

Singapore's banks are enhancing their defenses against scammers by implementing a range of new measures, including an emergency self-service kill switch that allows customers to...

BNP Paribas and NatWest Launch CobaltFX Dynamic Credit

BNP Paribas and NatWest are set to implement technology from CobaltFX aimed at simplifying and streamlining the allocation of credit for foreign exchange (FX) transactions...

Riksbank’s Skingsley Named Head of BIS Innovation Hub

The Bank for International Settlements (BIS) has appointed Cecilia Skingsley from Riksbank as the new head of the BIS Innovation Hub. Skingsley, who is currently...

SEC Files Lawsuit Against Binance and CEO Changpeng Zhao

The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance and its CEO, Changpeng Zhao, alleging multiple violations of securities laws and accusing...

MonetaGo Shifts Focus from Blockchain to Cloud Due to Scalability Challenges

MonetaGo is transitioning from blockchain technology to a cloud-based model after nearly ten years of utilizing distributed ledger technology for its trade finance fraud prevention...

SEC Files Lawsuit Against Coinbase

The Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, accusing the company of operating its cryptocurrency trading platform as an unregistered national...

Fidor Bank to Pilot Fingerprint Card Technology

Fidor Bank in Germany is set to pilot biometric payment cards from Zwipe in the second half of 2022. Biometric payment cards utilize fingerprints, which...