FintechDaily – Page 90 – Fresh Dose of Fintech News

BIS and Three Central Banks to Explore Cross-Border CBDCs Through DeFi Protocols

The Bank for International Settlements (BIS) is collaborating with three central banks to investigate cross-border Central Bank Digital Currency (CBDC) trading and settlement through decentralized...

NatWest Chooses Initial Five Startups for Fintech Growth Initiative

NatWest has selected five startups to participate in its inaugural 'Fintech Growth' program. The UK bank launched the program in December to support pre-Series A...

Global Fintech Investment Drops to Its Lowest Level in Seven Years

KPMG's bi-annual Pulse of Fintech report reveals a challenging landscape for the global fintech sector in the second half of 2024, as both investment and...

Saxo Introduces Digital Wealth Advisory Service

During the week of the Singapore Fintech Festival 2022, Finextra met with Saxo's APAC CEO Adam Reynolds and regional head of Saxo Institutional Ivan Chang...

Binance CEO Minimizes CBDC Risks to Cryptocurrency

Central bank digital currencies (CBDCs) are not a threat to cryptocurrencies; instead, they could enhance trust among skeptics by validating the underlying blockchain technology. This...

Goldman Sachs, MSCI, and Coin Metrics Unveil New Digital Asset Classification System

Goldman Sachs has partnered with MSCI and Coin Metrics to introduce a new classification system for the digital assets market, known as datonomy. Delivered as...

Vitalik Buterin Reflects on the Success of The Merge in Ethereum

Ethereum co-founder Vitalik Buterin took the stage at the Singapore Fintech Festival to discuss the significant advancements made since the implementation of The Merge in...

Hackers Make Off with $17 Million from Uganda’s Central Bank

Hackers have successfully breached the Central Bank of Uganda's firewalls, resulting in the theft of $17 million from Treasury accounts. The attack is attributed to...

Survey Reveals Favor for Shorter Settlement Cycles

The majority of market participants anticipate that the settlement cycle for equities will be shortened to T+1 within the next five years, according to recent...

CBA Tackles Fraud Using AI Technology

Australia's Commonwealth Bank reports that the early adoption of generative AI (GenAI) has significantly reduced fraud rates. During a strategic update in Sydney, the bank...