Fintech

Artificial intelligence-related cryptocurrencies led the crypto rally on Monday as altcoins continued to shine relative to bitcoin (BTC). Native tokens of layer-1 blockchain Near (NEAR) and decentralized computing platform Render (RNDR) advanced 18%-20% over the past 24 hours. They were the fastest horses within the broad-market benchmark CoinDesk 20 Index, which gained 1.5% during the same period. Decentralized machine learning protocol Bittensor […]

Authorized Push Payment (APP) fraud has been notoriously difficult to fight against because it involves consumers voluntarily transferring assets to  fraudulent accounts. In most cases, bad actors target their victims through social engineering or impersonating a real person or company. “There is obviously a technology piece that plays a role here, but there’s also a […]

Global bank partners with Quantinuum to shield digital assets from quantum threats, enhancing security for institutional and retail investors in fintech se HSBC, the multinational banking and financial services organisation, has successfully trialled quantum-secure technology for trading tokenised physical gold. This development marks a significant advancement in protecting digital assets against future quantum computing attacks, […]

Founded in 2021, New York-based Chaos Labs offers a suite of on-chain risk management tools for decentralised finance (DeFi). The startup’s recently launched Edge decentralised oracle protocol, has already secured a $30 billion over the last two months and has been adopted by exchanges such as Jupiter, the top perpetuals exchange on Solana. PayPal launched […]

According to Bloomberg, the retail giant is tapping into Fiserv’s NOW Network, which integrates with The Clearing House’s Real Time Payments network and the Federal Reserve’s FedNow. The feature – coming next year – provides shoppers with an alternative to the card networks, which Walmart and other retailers have long been in conflict with over […]

Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining remittances […]

Singapore’s dtcpay is teaming up with Visa on a card that enables ultra high net worth individuals to convert their digital currencies such as stablecoins into fiat at real-time rates. Dtcpay says the partnership will help bridge the gap between traditional payments and digital currencies, enabling merchants to accept payments from a growing segment of […]

Crypto.com has secured full approval from the Central Bank of Bahrain to operate as a payment service provider (PSP) through its local subsidiary. This approval enables Crypto.com to expand its payment services in the region, including e-money offerings as well as the introduction of its prepaid cards. Bahrain’s Minister of Sustainable Development, H.E. Noor bint Ali Alkhulaif, welcomed the company’s […]

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer […]

AutoRek, the Glasgow-based reconciliation and financial data management platform, has partnered with Capgemini, the consulting and digital transformation firm, to ensure it remains ahead of reporting requirements for clients as well as complying with regulatory changes. AutoRek is aiming to strengthen its finance operations team and controls for big players across asset management, payments, banking […]