Latest FinTech & Blockchain News
UK and US FinTech Firms Urged to Prioritize Quantum-Resilient Security
FinTech sectors in the UK and US face escalating AI-driven cyber threats including data breaches costing an average of $5.9 million. Experts emphasize urgent adoption of Zero Trust Architecture and migration to post-quantum cryptography to protect transactions and blockchain systems against emerging quantum computing risks. Collaboration with institutions like IBM is ongoing to leverage quantum computing for fraud detection, highlighting security's existential importance.
Gemini Secures Crucial CFTC Sign-Off to Enter Prediction Markets
Crypto exchange Gemini received a key regulatory approval from the US Commodity Futures Trading Commission, enabling it to expand into the fast-growing prediction markets sector. This strategic move reflects a trend of crypto firms seeking formal regulatory clarity to innovate within derivatives and forecasting platforms.
Revolut and Trust Wallet Team Up for Instant Crypto Purchases in Europe
Revolut has partnered with Binance-owned Trust Wallet to launch instant crypto buying capabilities targeting European users. The integration emphasizes self-custody and aims to simplify crypto access by reducing delays and streamlining user experience on digital asset platforms.
Antalpha Affirms Bitcoin’s Role as a Strategic Reserve Asset
At a recent Abu Dhabi event, Antalpha reiterated its focus on Bitcoin as a foundational reserve asset for future financial infrastructure. This stance aligns with emerging industry views positioning Bitcoin beyond speculation toward institutional and treasury use cases.
Visa Direct Expands Real-Time Payment Flows with Blockchain and AI Innovations
Visa Direct showcased advancements in cross-border payments and real-time transfers at Money20/20 USA 2025, highlighting integration with AI and blockchain technologies to enhance speed, security, and scalability of global payment networks.
FinTech Sector Experiences Record-High Cyberattacks Highlighting Need for Integrated Security
The financial industry's share of global data breaches stands at 27%, driven by vulnerabilities in APIs and critical supply chains, such as the recent Finastra leak. FinTech firms are increasingly adopting integrated resilience programs to address these fragmented and sophisticated attacks.
Quantum Computing Threatens Current Public-Key Cryptography Models in Finance
The rise of quantum computers running algorithms like Shor’s could break RSA and Elliptic Curve Cryptography within minutes, threatening the confidentiality of financial transactions and blockchain security. Firms are urged to transition to quantum-resistant algorithms standardized by NIST to preempt 'Q-Day' risks.
Lloyds Banking Group Partners with IBM to Harness Quantum Computing for Fraud Detection
Lloyds is experimenting with quantum algorithms in partnership with IBM to develop real-time fraud detection systems. This exemplifies innovative uses of quantum computing to turn emerging technological threats into operational advantages within FinTech.
Cash App Suffers Insider Data Leak Affecting 8.2 Million Customers
An insider breach compromised investment account details, including names and account numbers, of approximately 8.2 million Cash App users, spotlighting critical internal security risks within FinTech platforms.
Banking Tech Awards USA 2026 Open for Nominations Focusing on Innovations in FinTech
The upcoming Banking Tech Awards recognise pioneering advances in banking technology and FinTech, with nominations open until early December 2025. The awards serve to spotlight breakthroughs in AI, blockchain, payment innovations, and cybersecurity.