Coinbase says that crooks bribed employees and contractors to steal customer data for use in social engineering attacks in an incident that may cost the crypto exchange up to $400 million to address.
Compliance officers in financial services should think of themselves as orchestra conductors, according to Charles Gaddy, co-founder of identity verification service company, Global Data Consortium.
A labour union has filed lawsuits against Consumer Financial Protection Bureau acting director Russell Vought after he ordered staff to halt much of the watchdog’s activities.
EBAday, the premier event for industry professionals across transaction banking and payments covers all aspects of the sector, in degrees of depth unseen at other conferences. The second day of the event saw senior executives listen in to sessions on instant payments, correspondent banking, regulation, innovation, Payments as a Service (PaaS) and models for public and private sector collaboration. Here’s a roundup of the most discussed themes and what to expect in 2024.
BNY Mellon has migrated infrastructure supporting wire payments into the cloud with Microsoft Azure.
Ant International has added iris authentication to its smart payment spectacles.
Malicious actors exploited a fault in Revolut’s payment prcoessing system to steal more than $20 million from the financial super app in 2022, the FT has reported.
As the US stops minting pennies, Square has begun piloting cash rounding functionality with sellers.
Set for launch in the second half of this year, US challenger Battle Bank has selected Temenos as as a key technology partner, adding to the Swiss vendor’s growing roster of neobanking clients.
Manchester-based AJ Bell is to launch an app-only commission-free investing platform with an annual charge of just 0.15%.
Finextra sat down with Chris Ward, EVP enterprise payments for Truist Bank, to talk about what he sees coming in the future of payments.
Revolut has suspended some crypto services for business users until it gets up to speed with new regulations on financial promotions.
The UK’s wealth management and pensions industry has expressed its disappointment at the announcement of a delay to the much anticipated Pensions Dashboard project
In a UK-first, Lloyds Banking Group and Aberdeen Investments have used tokenised real-world assets as collateral for foreign exchange trades.
Green fintech Iceberg Data Lab has picked up three new clients in France, including Banque de France, global insurance and asset management house Generali and pension scheme ERAFP.