December 19, 2024 – FintechDaily

Central Banks Establish Coordination Body to Oversee the Implementation of Project Nexus

The five central bank partners involved in Project Nexus—an initiative by the Bank for International Settlements aimed at connecting domestic real-time payment systems across borders—are...

PPRO CEO: Fintech Leaders Must Boldly Champion Diversity and Inclusion

Pride month is drawing to a close, with major celebrations continuing this weekend in London. Pride represents much more than parades, parties, and vibrant displays;...

Bank of England Policy Maker Advocates for AI Training to Adhere to Regulatory ‘Constitution’

Innovative AI models should be trained to adhere to a 'constitution' or a set of regulatory rules aimed at mitigating the risk of harmful behavior,...

NatWest Launches Mobile Virtual Corporate Cards for Managing Business Expenses

Natwest has introduced Approval2Buy, a virtual card payment tool for business expenses, leveraging Mastercard’s mobile virtual app card and tokenisation technology. With Approval2Buy, businesses can...

2025 FX Market Trends and the Influence of the U.S. Election

Can a smaller FX and global payments provider compete with large and regional banks in facilitating foreign currency payments to overseas suppliers? “Absolutely,” asserts Monex...

BaFin Imposes €9.2 Million Fine on N26 for Delayed Money Laundering Reports

German regulator BaFin has fined N26 €9.2 million for deficiencies in its anti-money laundering protocols, though it may soon lift the limit on the number...

Blackwired’s Innovative Strategy for Cybersecurity

Cyber risk has emerged as the foremost threat to the global economy. Today, Blackwired launched ThirdWatch, a risk prevention solution designed to assist businesses in...

Citi Hit with $444 Billion Fine Due to Fat Finger Mistake

British financial regulators have fined Citigroup £61.7 million due to a substantial error involving a $444 billion trade that triggered a $1.4 billion sell-off of...

CFPB Proposes Treating BNPL Lenders Like Credit Card Issuers

The US Consumer Financial Protection Bureau (CFPB) has determined that buy now, pay later (BNPL) lenders should be regulated similarly to credit card companies. This...

Biden Rejects Digital Asset Legislation

President Biden and SEC Chair Gary Gensler are voicing concerns over a new cryptocurrency bill ahead of a vote in the US House of Representatives....