FintechDaily – Page 416 – Fresh Dose of Fintech News

How Will New Regulations Impact Payments Infrastructure?

At NextGen Nordics 2024 in Stockholm, moderator Debi Bell Hoskings led an engaging panel discussion focused on new regulations regarding data and privacy, encouraging audience...

RBI Prohibits Kotak Mahindra from Digitally Onboarding New Customers

The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to halt the onboarding of new customers through digital channels and to temporarily stop...

ECB Seeks Input on the Role of Conditional Payments in the Digital Euro Initiative

The European Central Bank (ECB) has issued a call for expressions of interest in innovation partnerships related to the digital euro. Interested parties can include...

EU Enhances AML Regulations Affecting Cryptocurrency Compliance

The European Parliament has voted to adopt a package of laws aimed at strengthening the EU's Anti-Money Laundering (AML) and counter-terrorist financing framework, with a...

Revolut Aims for $40 Billion Valuation with Upcoming Share Sale – FT

Revolut is striving to become the most valuable start-up in Europe, targeting a valuation of $40 billion, according to reports from the Financial Times. Sources...

An In-Depth Examination of Confirmation of Payee

In her final panel of the day, Finextra’s head of content, Madhvi Mavadiya, hosted a discussion on Confirmation of Payee (COP) featuring Christina Fransson, senior...

Scammers Exploit Progressive Web Apps for Latest Phishing Scheme

Security researchers have uncovered a new phishing technique that employs progressive web applications (PWAs) to target bank customers in Eastern Europe. PWAs function as websites...

MAS Lifts Six-Month IT Ban Imposed on DBS

Singapore's central bank has removed restrictions on non-essential IT services that were placed on DBS Bank following a series of disruptive outages affecting the bank's...

Binance Founder Changpeng Zhao Sentenced to Four Months in Prison

The founder of crypto exchange Binance, Changpeng "CZ" Zhao, has been sentenced to four months in prison in the US after pleading guilty to violating...

Lunar Secures €24.1 Million in Funding

Denmark-based digital challenger bank Lunar has successfully raised EUR 24.1 million to strengthen its capital position for expanded operations across the Nordics. This latest funding...