FTC Distributes $115 Million to Victims of MoneyGram Payment Fraud
The US Federal government has repaired the damage of almost 40 thousand victims of fraudulent schemes processed by MoneyGram.
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PayPal Pauses Stablecoin Project
PayPal temporarily stops the implementation of the stablecoin project.
KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge
KPMG’s Regulatory Barometer showed that financial service firms in the UK and the EU remained under significant pressure to comply with diverging ESG requirements over the last 6 months
Foodcellar Market Launches Contactless Scan and Pay Shopping
In New York, Foodcellar Market stores now have the ability to scan products using a smartphone and pay for purchases by a mobile device.
Digital Asset Protection Provider Coincover Raises $30 Million
Coincover, a UK-based provider of digital asset protection services, has reported raising $30 million in funding.
UAE Central Bank Launches Digital Finance Initiatives
The Central Bank of the UAE launched Financial Infrastructure Transformation Programme which includes nine key digital finance initiatives to make UAE financial and digital payment hub
Tether Announces $960 Million In Excess Reserves
Tether has published a report according to which there are excess reserves and the transfer of assets to treasury bills.
Cross-Border Payments FinTech Tazapay Nets $16.9 Million
Tazapay, a cross-border payments company, has raised $16.9 million in a Series A funding round.
Beauceron Security Gets CIBC Backing
The platform of the Canadian company SaaS for cybersecurity Beauceron Security has received funding from CIBC Innovation Banking.
Dhakai Adds Automation Capabilities to B2B Apparel Sourcing Platform
Dhakai has expanded the capabilities of its platform designed to search for clothing suppliers in B2B format.
Qatar Airways Launches Reusable NFC Bag Tags for Contactless Luggage Check-In
Passengers flying Qatar Airways planes have been allowed to transfer their flight data to a reusable electronic tag attached to their luggage.
MEPs Approve Draft Legislative Framework for European Digital Identity Wallet
The European Union Committee on Industry, Research, and Energy has approved the proposed update of the European Digital Identification System.
Kraken Agrees to Shut Crypto-Staking to Settle SEC Charges
U.S. SEC targets crypto exchange Kraken over crypto-staking services.
Changes in the Financial Sector: Liubov Svezhentseva Discusses Neo-Banks and the Future of Financial Ecosystems
Technologies obviously dictate new rules of the game for banks. The current trends in fintech include using AI in business processes and creating ecosystems for clients. Liubov Svezhentseva, former Payeer Marketing Director with years of experience, reveals the development paths banks have today and whether a digital transformation is really beneficial for them.
SaaS Risk Management 101
It’s easy to understand why enterprise Software-as-a-Service (SaaS) usage is booming; end-user spending globally is expected to increase by more than 40% to $170 billion in 2022. SaaS apps offer an agile, adaptable method to give employees the functionalities they need, when and when they need them, as businesses change to support new work paradigms. […]
Maker DAO Votes to Integrate Chainlink to Help Maintain DAI Stability
MakerDAO integrates blockchain data provider Chainlink’s Automation for price updates, liquidity balancing, and maintaining the stability of Maker’s DAI stablecoin.
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