FintechDaily – Page 72 – Fresh Dose of Fintech News

CaixaBank Unveils €5 Billion Technology Strategy

Spain's CaixaBank has unveiled an ambitious two-year technology strategy, allocating €5 billion to place generative AI at the core of its operations. This initiative, dubbed...

MUFG Employs Photonics to Reduce IT Downtime

NTT DATA and MUFG Bank have achieved a significant milestone in advancing technology aimed at preventing future IT outages. They successfully conducted a test involving...

Negotiations Underway for Climate Financing Draft

The ongoing COP29 climate summit in Baku, Azerbaijan, is pivotal, with key decisions pending that could impact global climate action. The recent stalemate on climate...

Western Alliance Bank Targeted in Zero-Day Security Breach

Phoenix-based business bank Western Alliance has informed its customers about a data breach resulting from a zero-day vulnerability in third-party file transfer software. The breach...

BX Digital Launches DLT-Based Settlement System for Digital Assets in Switzerland

BX Digital, a subsidiary of Boerse Stuttgart, has secured conditional approval from Swiss regulatory authorities to implement a blockchain-based settlement system for digital assets. The...

UK Government Begins Procurement Process for Digital Gilt Instrument Issuance

The UK Government has announced a procurement notice for a pilot initiative aimed at the issuance of blockchain-based Digital Gilt Instruments (Digit). In November 2024,...

DBS to Reduce Workforce by 10%

DBS Group, based in Singapore, anticipates a reduction of approximately 4,000 contract and temporary employees over the next three years as artificial intelligence (AI) plays...

Robinhood Launches Prediction Market Contracts

Robinhood has introduced an innovative feature within its app called the 'Predictions Hub', designed to allow users to wager on various global events. Upon its...

FCA Fines London Metal Exchange £9.2 Million Following Nickel Market Crisis

The Financial Conduct Authority (FCA) has imposed a fine of £9.2 million on the London Metal Exchange (LME) due to inadequate systems and controls to...

JPMorgan Takes the Lead in the Quantum Computing Race

JPMorgan has been identified as the leading institution in addressing the challenges and opportunities presented by advancements in quantum computing, according to research conducted by...