UniCredit, one of Italy's leading financial institutions and the country's second-largest bank, has found itself in the spotlight once again, this time facing a substantial fine of €2.8 million (£2.3 million) from Italy's data protection authority. The penalty stems from a data breach incident that unfolded in 2018, marking a significant setback for the banking giant.

Source: FIS

Global financial technology leader FIS® (NYSE: FIS) has today announced that applications are open for the FIS Fintech Accelerator 2024, its flagship program that supports fintech innovation and growth.

Source: Bank of Ireland

Bank of Ireland has announced an investment of €50 million on customer fraud prevention and protection.

Source: Trustly

Socure, the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly, a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.

Source: BNY Mellon

BNY Mellon has appointed Gary Delaney as International Chief Information Security Officer (CISO).

Mortgage lending firm loanDepot reported a significant breach in which the personal information of nearly 17 million customers was compromised during a ransomware attack in January.

Senior payment experts from the European Central Bank have characterized the SEC's recent approval of spot exchange-traded funds (ETFs) for bitcoin as a stark illustration of the "Emperor's New Clothes" phenomenon. They argue that this move legitimizes a currency whose intrinsic value as an asset is essentially negligible.