May 31, 2025

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RBI annual report 2025: How it reveals the changing risks to digital trust in Indian banking

  • May 30, 2025

India’s banking ecosystem stands at a critical inflection point. What began as a national mission to expand financial access has now matured into a comprehensive digital transformation. Biometric authentication, real-time payments, and mobile-first platforms define how millions interact with financial services—especially younger, mobile-native demographics. Yet beneath this momentum lies an equally important imperative: ensuring that

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Banking

Banking on a single cloud platform? It’s time to rethink the risk

  • May 30, 2025

As banking customers’ expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant. But in the rush to modernize, many banks are overlooking a growing risk: cloud concentration, write Vikrant Rai and Graham Tasman. Adobe Stock Banking’s relationship with cloud computing has shifted dramatically. What started as cautious

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Banking

Bankers eye Navy Federal’s credit builder, Coinbase breach

  • May 29, 2025

Enjoy complimentary access to top ideas and insights — selected by our editors. Navy Federal Credit Union’s new credit-building partnership, a rash of cybersecurity breaches, the ever-growing presence of artificial intelligence in banking and other topics are dominant for bankers as summer approaches. Data breaches have become an especially problematic trend for banks in recent

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Investors

Meet The Visionary Investors Powering The Next Wave Of AI

  • May 28, 2025

Celebrating the top Seed stage investors in 2025 who made early bets on the startups driving today’s AI revolution. The Midas Seed List is back for its fourth year, spotlighting the early-stage investors who helped fund household startup names from their infancy. This year’s standouts reflect a market pivoting from consumer and enterprise wins to

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Banking

ONFA Fintech USA Partners with Metti Capital Funding to Accelerate Blockchain Banking and DeFi Expansion

  • May 18, 2025

SAN FRANCISCO, May 18, 2025 (GLOBE NEWSWIRE) — ONFA FINTECH USA, a subsidiary of METTITECH GROUP HOLDINGS, has signed a strategic agreement backed by Metti Capital Funding to expand its blockchain-based digital banking platform. This strategic move aims to strengthen ONFA’s technological capabilities and accelerate its growth in the global decentralized finance (DeFi) market. ONFA

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Banking

Court allows fintechs to defend CFPB’s open banking rule

  • May 14, 2025

A federal judge granted the Financial Technology Association the right to intervene in the Consumer Financial Protection Bureau’s open banking rule, allowing the fintech industry to defend a rule on consumer financial data rights that the Trump administration refused to uphold.   On Wednesday, U.S. District Court Judge Danny Reeves said the FTA has a substantial

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Banking

We should accelerate the adoption of open banking in the US

  • May 14, 2025

The benefits of open banking are obvious and significant for consumers — especially those underserved by the current marketplace. Bankers and regulators should work to speed up its implementation, write Horacio Mendez, of the Woodstock Institute, and Phil Goldfeder, of the American Fintech Council.Adobe Stock It is common in the U.S. for consumers to scroll

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Crypto

Cryptocurrency extortionists in Paris sever kidnap victim’s finger

  • May 4, 2025

PARIS: Criminals kidnapped the father of a cryptocurrency entrepreneur in Paris and severed one of his fingers to extort millions from him. The police managed to free the kidnapping victim and arrest the suspects through an extraordinary operation, French Interior Minister Bruno Retailleau confirmed on May 4. The suspects are five men aged between 20

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Banking

CFPB Plans to Revisit Open Banking Rule Despite Staff Cuts (1)

  • May 4, 2025

The Trump administration is poised to reopen a Biden-era rule allowing customers to share their sensitive bank data with third-party fintechs and potentially vacate it, according to multiple sources. The Consumer Financial Protection Bureau is leaning toward reworking its open banking rule, which allows customers to share their deposit account and credit card information with

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Banking

CFPB Plans to Revisit Open Banking Rule Despite Workforce Cuts

  • May 4, 2025

The Trump administration is poised to reopen a Biden-era rule allowing customers to share their sensitive bank data with third-party fintechs and potentially vacate it, according to multiple sources. The Consumer Financial Protection Bureau is leaning toward reworking its open banking rule, which allows customers to share their deposit account and credit card information with

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