FinTechUpdate

AI Represents Major Risk to Banking Cybersecurity
Artificial intelligence (AI) may be the banking industry's Achilles heel, making it more vulnerable to Russian cyberattacks....
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Goldman Sachs Is Pulling Out of Russia
Goldman Sachs has become the first major Wall Street bank to announce it is pulling out of Russia. Com...
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President Biden Executive Order Targets ‘Responsible Development of Digital Assets’
President Joe Biden has issued an executive order calling on agencies to investigate cryptocurrencies and digital assets, paving the way for a US-backed di...
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Visa and Mastercard Suspend Russia Business
Visa and Mastercard are the latest, and two of the most influential, companies to suspend operations in Russia in response to its invasion of Ukraine....
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Microsoft Teams Up With Chargebacks911 to Fight Financial Fraud
Microsoft has teamed up with Chargebacks911 to use artificial intelligence in the fight against financial fraud....
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The US Government Still Uses Outdated Tech to Track Business Tax
Tax season is now, and the people of the United States have until 18 April to complete their paperwork in order to avoid penalties and late fees. The Unite...
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India’s Central Bank Compares Crypto to a ‘Ponzi Scheme’
The Reserve Bank of India (RBI) has come out swinging against cryptocurrency, likening it to a "Ponzi scheme."...
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Meta-Backed Diem Considering Sale of Assets, May Shut Down
Diem, the Meta-backed cryptocurrency project, is considering a sale of its assets and may ultimately dissolve....
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El Salvador Increases Its Bitcoin Stake
El Salvador has taken advantage of bitcoin’s latest dip, increasing its stake by 410 coins. El Salvado...
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Why the Cloud Is an Integral Part of Fintech
The cloud has revolutionized the way that people store information. The cloud is integral to Fintech because it offers a cost-effective and scalable platfo...
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Novi on WhatsApp Brings Crypto Payments to Limited Number of Users
Some WhatsApp users are now able to send and receive crypto via Novi wallet integration. Crypto curren...
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Coinbase Lets International Users Earn Interest on Crypto
Coinbase has announced that it will let international users earn interest on their crypto holdings. Th...
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Meta Eases Stance on Cryptocurrency Ads
Meta is easing its stance on cryptocurrency ads, increasing the number of accepted regulatory licenses from three to 27....
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Google and CME Group Announce 10-Year Partnership
Google and CME Group announced a 10-year partnership that will see the futures exchange operator transition to Google’s cloud platform. The fin...
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NYC Mayor-Elect: Schools Should Teach Crypto
Cryptocurrencies have a new ally, with New York City mayor-elect wanting schools to teach children about crypto. Adams has already said he want...
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