December 24, 2024 – FintechDaily

US Chamber of Commerce Sues CFPB Over Delayed Credit Card Fees

The US Chamber of Commerce has initiated a lawsuit against the Consumer Financial Protection Bureau (CFPB), aiming to prevent the agency from enforcing a new...

NeoXam Set to Acquire EZOPS

French software company NeoXam has announced its plans to acquire EZOPS, a provider of AI-enabled data control, workflow automation, reconciliation, and regulatory reporting technology. NeoXam...

Westpac Takes On Impersonation Scams with ‘SafeCall’ Initiative

Westpac has partnered with telecommunications company Optus to launch a new verified in-app calling feature aimed at combating bank impersonation scams. The initiative, known as...

HSBC Introduces Virtual EUR and GBP Accounts for International Merchants

HSBC has launched a new cross-border virtual account proposition for banks globally, allowing merchant business customers trading on e-commerce platforms to receive EUR and GBP...

CommBank’s x15 Ventures Launches Truyu Digital ID App

In the week when the Australian Federal Government announced a commitment of $288 million to enhance digital ID and combat identity theft, CommBank's venture scaling...

Court Orders Klarna to Pay $733,000 for GDPR Violations

Klarna has been ordered to pay a fine of approximately 7.5 million SEK (around $733,000) for breaching the EU's General Data Protection Regulation (GDPR), as...

Revolut secures funding from UAE sovereign wealth fund

Challenger bank Revolut has seen its valuation soar to $45 billion following Mubadala's acquisition of a stake in the company. According to the Financial Times,...

European Fintechs Anticipate Business Growth in the Coming Year

Optimism is returning to Europe's fintech sector, according to new research from MHP Group, which reveals that more than three quarters of firms anticipate growth...