FintechDaily – Page 48 – Fresh Dose of Fintech News

Provisions for Unacceptable Risk Now in Effect

The European Union Artificial Intelligence Act (EU AI Act) came into effect on 1 August 2024, representing a significant milestone as the first comprehensive legislation...

Nasdaq Purchases Adenza for $10 Billion

Nasdaq is set to acquire the capital markets software company Adenza from Thoma Bravo for $10 billion, strengthening its role as a "technology company serving...

Caceis Partners with Taurus to Enhance Digital Custody Services

France-based Caceis is the latest asset servicing firm to announce plans for the development of its custody service for digital assets. The custodian, which operates...

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...