Betterment, a popular automated investment platform, recently faced a cyberattack. Hackers used a clever trick called social engineering to break into some of Betterment's systems. This happened on January 9, and the hackers got their hands on personal details like names, email addresses, phone numb
Wall Street is getting a tech upgrade. Nant Global Finance has just launched a new platform that blends old-school finance with cutting-edge blockchain technology. This isn't just about trading stocks; it's about making the whole process faster and more secure. The company has been busy buying up k
Nexa Cards, a fintech company known for its crypto-friendly cards, is in talks to buy OX Agency. This move is all about boosting security and making sure everything runs smoothly. OX Agency specializes in facial recognition and AI-powered identity checks. By adding this tech, Nexa Cards aims to make
The Federal Reserve is considering a novel approach to integrate fintech and crypto firms into its payment systems. This move, aimed at fostering innovation, involves creating limited-access accounts, dubbed "skinny accounts. " These accounts would allow non-bank financial institutions to settle tra
Europe is making a bold move to modernize its banking system with blockchain technology. The European Central Bank (ECB) is working on two big projects: a digital euro and using distributed ledger technology (DLT) for settlements. These changes could shake up the financial world, affecting both old
Poland is setting up new rules for cryptocurrency. This is big news for new businesses in the crypto world. The country's government is trying to make things clearer and safer. But some people worry that these rules might make it harder for new businesses to grow. The new rules are called the Crypt
UBS, a big Swiss bank, just said goodbye to Mike Dargan, their top operations and tech boss. He'll leave at the end of 2025. This news comes while UBS is still busy merging with Credit Suisse, a huge and tricky job. Dargan has been with UBS since 2021. He helped a lot with tech and operations. UBS
Coinbase, a major player in the crypto world, is gearing up for a significant system update. This isn't just about tweaking the backend; it's a strategic shift aimed at transforming the platform into a comprehensive fintech hub. The update, set for Wednesday, is expected to introduce a range of new
The world is going digital, and payments are no exception. QR code payments are becoming a big deal, and the numbers show it. In 2024, this market was worth $14. 7 billion. By 2030, it's expected to hit $38. 2 billion, growing at a rate of 17. 2% each year. So, what's driving this growth? Smartphon
States are stepping up their game in the world of consumer finance. For a long time, Washington, D. C. was the main hub for enforcing rules in this area. But now, state attorneys general, banking departments, and legislatures are taking on more responsibility. This shift is changing the regulatory l
