FintechDaily – Page 426 – Fresh Dose of Fintech News

Which? Alerts Consumers to Be Cautious of Fraudulent Messages Regarding the New Refund Scheme

Fraudsters are already exploiting the new Authorised Push Payment (APP) fraud reimbursement scheme to trick consumers into revealing sensitive banking information, warns the consumer group...

Nium Collaborates with Blockchain Innovator Partior for Cross-Border Payment Solutions

Cross-border B2B payments operator Nium has announced a partnership with Partior, a blockchain-based fintech specializing in clearing and settlement. This collaboration positions Nium as the...

AWS Unveils Generative AI Service for Application Development

AWS has introduced AWS App Studio, enabling financial institutions, fintech firms, and a wide range of organizations to create applications in minutes—something that traditionally could...

Singapore Banks Enhance Security with Facial Verification Technology

Banks in Singapore will implement Singpass Face Verification (SFV) over the next three months to enhance the digital token (DT) setup process for retail banking...

Crypto CEO Kidnapped and Released Following C$1 Million Ransom Payment

The CEO of a cryptocurrency company was kidnapped and held for a C$1 million ransom in Toronto, as reported by local media. Dean Skurka, the...

CFPB Takes Action to Prohibit Medical Bills from Impacting Credit Reports

The Consumer Financial Protection Bureau (CFPB) has announced plans to eliminate medical bills from most credit reports. The proposed rule would prevent credit reporting companies...

US Judge Approves Terraform’s $4.5 Billion Settlement with the SEC

Terraform Labs and its former CEO Do Kwon have agreed to a $4.5 billion settlement with the SEC following a jury's verdict that found them...

Swiss Regulator Shuts Down Challenger Bank FlowBank

The Swiss Financial Market Supervisory Authority (Finma) has initiated bankruptcy proceedings against the investment banking firm FlowBank due to serious and repeated violations of capital...

Transforming European Discussions into Solutions for the Next Era of Payments

Wolfgang Ehrmann, chairman of the board at the Euro Banking Association (EBA), opened the first day of the 19th EBAday, welcoming delegates to the event....

Future Directions in Instant Payments, Regulatory Frameworks, and Liquidity Management

At EBAday 2024 in Lisbon, industry experts gathered to discuss new innovations and promising opportunities for the future of banking in Europe. During the panel...