Technology
Technology drives the evolution of financial services, from APIs and cloud infrastructure to mobile banking platforms and blockchain innovations. Fintech Review explores how technological advances are reshaping fintech, improving efficiency, enabling new models, and expanding digital finance possibilities globally.
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NYDIG Highlights Soaring Stablecoin Market Value
It’s becoming increasingly hard to ignore the growing influence of stablecoins in the cryptocurrency ecosystem. NYDIG Research recently highlighted this trend, pointing out the skyrocketing market value of these digital assets. Data from DefiLlama shows a surge in the market value of stablecoins to over $287 billion, a 38% increase since the year’s start. Stablecoins…
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Figure Technology Heads to Nasdaq Aiming to Raise $780M
Figure Technology, a blockchain-focused lending and infrastructure firm, is poised to debut on Nasdaq today. The fintech firm aims to launch its shares on the American stock exchange under the ticker symbol FIGR. The target? Raising over $780 million. This is just the latest move in a string of fintech firms going public this year,…
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TRM Labs Tackles Regulatory Challenges of Stablecoins
The booming stablecoin world is reshaping finance. Yet, it brings significant challenges, especially for regulation and compliance. TRM Labs, a top blockchain intelligence firm, is committed to tackling financial crime risks and ensuring compliance in this fast-growing sector. Stablecoins offer a practical alternative to traditional payment methods, facilitating faster, programmable transactions. However, as financial entities…
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Revolut Secures UAE Payments License in Global Expansion Bid
Revolut, the innovative digital bank, has reached a significant milestone in its global expansion. It has gained preliminary approval for a payments license in the United Arab Emirates (UAE), a testament to its commitment to revolutionise digital finance and online investing. This regulatory approval marks an important step in Revolut’s global journey. It comes as…
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Seoul Police Bust Crypto Hackers with Chainalysis Aid
The Seoul Metropolitan Police Agency recently dismantled a notorious international hacking ring. Known for pilfering millions in cryptocurrency, the group succumbed to the police’s skilled cyber investigation. The law enforcement agency notably leveraged advanced blockchain analytics from Chainalysis to trace the illicit activities. This pivotal operation represents a major leap forward in combating the escalating…
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Wealthsimple Data Breach Impacts 30,000 Customers
Wealthsimple, a Canadian fintech firm, recently disclosed a data security incident. This breach impacted less than 1% of its three million-strong client base, which equates to around 30,000 customers. The compromised data notably included Social Insurance Numbers (SINs). This incident highlights the growing challenges fintech companies face in safeguarding customer data. As the fintech sector…
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Revolut Bolsters Position with Share Buyback and Google Cloud
Revolut, a digital bank, recently announced a series of strategic moves to strengthen its global financial services presence. These moves include launching a share buyback programme and extending its partnership with Google Cloud. Interestingly, these developments coincide with the company’s decision to delay its transition to a publicly traded entity. The share buyback programme allows…
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Bank of Ireland Unveils ATM Upgrade and Fraud Awareness Drive
The Bank of Ireland continues to prioritize customer service and security. The bank recently unveiled significant advancements in its ATM upgrade programme, fraud awareness initiative, and consumer spending trends. These steps highlight the bank’s commitment to modernizing its infrastructure and safeguarding its customers. The ATM upgrade programme is a crucial move towards modernizing the bank’s…
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DTCC Submits Rule Filing for Innovative Collateral Service
The Depository Trust & Clearing Corporation (DTCC) recently made a significant announcement. Reflecting its commitment to technology, security, and client service, the company submitted a rule filing via its Fixed Income Clearing Corporation (FICC) subsidiary. Currently, the Securities and Exchange Commission (SEC) is reviewing this filing. It seeks approval for a new, innovative service called…
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Thunes and Ripple Expand Partnership to Boost Global Payments
Thunes and Ripple, global fintech firms, are working to enhance worldwide cross-border payments. Thunes, known as the “Smart Superhighway” for international money transfers, along with Ripple, a leading digital asset infrastructure provider, are looking to expand their current partnership. They aim to revolutionise cross-border money transfers. Since its establishment in 2020, the collaboration between these…
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Cloudflare Security Breach Causes Global Concern
The global web-infrastructure and website security leader, Cloudflare, recently experienced a significant security breach. The company, operating in numerous countries and serving a diverse client base, has notified its customers. They’ve advised them to be on the lookout for possible unauthorized intrusions due to the data breach. Cloudflare’s services, crucial to businesses worldwide, optimize and…
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Hackers Target Sinqia SA in Audacious $130m Cyber Heist Attempt
Recently, hackers targeted the systems of Sinqia S.A., a Brazilian subsidiary of fintech Evertec. The goal? To steal a whopping $130 million. This bold cyberattack has rocked the fintech sector, underscoring the growing threat of cybercrime. The digital finance realm is expanding at a rapid pace, and with it, the risk of cyber threats increases.…
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Nansen Confirms Role as Validator for Somnia Blockchain
For the fintech sector, the blockchain analytics platform Nansen has taken a significant step. They’ve confirmed their role as a validator for the ultra-high-performance Layer 1 blockchain, Somnia. This partnership paves the way for real-time, onchain experiences. It also marks a crucial step towards merging advanced analytics with high-performance blockchain infrastructure. Being a validator is…
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Baseella Review: Reinventing Core Banking for the Cloud
For decades, banks and payment providers relied on rigid legacy systems that were difficult to integrate, expensive to maintain, and slow to adapt
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Cloudflare Urges Users to Change Info After Hack
Cloudflare (NYSE:NET), a renowned internet infrastructure provider, recently faced a security breach. Many eminent firms, including financial services companies, utilize their platform. They discovered the hack, which took place from August 12 to August 17. In this breach, hackers accessed customer data, including user tokens. Consequently, Cloudflare issued an urgent notice urging users to update…
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Zopa Group Acquires Rvvup to Boost Embedded Finance
Zopa Group, a leading digital bank, recently announced its acquisition of payment platform Rvvup. This strategic move aims to bolster Zopa’s embedded finance business, potentially tripling its operations over the next two years. With the acquisition of Rvvup, Zopa strategically enhances its operations. The integration of Rvvup’s payment infrastructure aims to boost Zopa’s point of…
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Capgemini Boosts Cloud Market Presence with Cloud4C Acquisition
Capgemini is boosting its cloud managed services market presence. It has recently agreed to acquire Cloud4C. This strategic move aims to enlarge Capgemini’s footprint in this fast-growing sector. It also enhances its capacity to meet businesses’ growing needs for comprehensive cloud solutions. Furthermore, the Cloud4C acquisition should strengthen Capgemini’s overall cloud infrastructure. This will enable…
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TransUnion Cybersecurity Breach Exposes 4.4M Consumers’ Data
In a recent development, TransUnion (NYSE: TRU), one of America’s leading credit bureaus, has divulged a significant data breach. This cybersecurity incident has potentially exposed the confidential information of over 4.4 million consumers. The breach, announced on the 28th of August, 2025, is yet another testament to the escalating vulnerabilities in digital security measures. The…
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Quadra and Copper Unveil Coinmatch for Secure OTC Trading
The digital assets sector is abuzz with the thrilling news of Quadra, a dominant digital asset infrastructure firm, joining forces with Copper, a significant figure in digital asset custody and collateral management. This collaboration has led to the creation of Coinmatch, a multi-dealer Request For Quote (RFQ) platform for over-the-counter (OTC) trading. Quadra’s proficiency in…
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Web3 Bullish on Ethereum, Foresees Fintech Revolution
The fintech sector is abuzz with the bullish sentiment Web3 is showing towards Ethereum. This excitement is predictable, given the evolving cryptocurrency landscape. However, the reason behind this bullish stance is quite intriguing. As crypto matures, the future isn’t just about buying or staking crypto assets. The next big wave seems to be leveraging liquidity…
