One in Four UK BNPL Users Incur Late Fees
Nearly a quarter of Britons who have utilized buy now, pay later (BNPL) services have incurred late payment fees, according to a survey conducted by...
Aussie Fintech Halo Launches Operations in Glasgow
The UK division of Australian fintech firm Halo Technologies is establishing an operations and development center in Glasgow, which will create over 60 jobs in...
Mastercard Aims for Complete E-Commerce Tokenization Across Europe
Mastercard aims to achieve 100% e-commerce tokenisation in Europe by 2030, eliminating manual card entry and enhancing the safety and accessibility of online shopping. Tokenisation,...
Revolut Introduces American Express as a New Payment Option for Business Clients
Revolut is set to enable business merchants in the UK to accept American Express cards, providing access to premium customers and enhancing the growth of...
LLMs Exhibit Cognitive Limitations – BIS
When faced with logical puzzles that require reasoning about others' knowledge and counterfactual scenarios, large language models (LLMs) demonstrate a "distinctive and revealing pattern of...
AIB Survey Shows Cost of Living Impacts Sustainability Choices
45% of adults report being personally impacted by climate change, a notable increase from 37% in 2020. These findings come after a year in 2023...
Nubank Receives Approval to Expand Savings Services in Colombia
Brazilian digital banking giant Nubank is enhancing its footprint in Colombia following the approval from local authorities to operate as a financing company in the...
Lloyds Partners with Fintech Startup ApTap to Assist with Household Bill Management
Lloyds Bank is set to simplify household bill management for mortgage customers through a partnership with ApTap, a fintech startup that emerged from the bank's...
G20’s Accelerated Payments Initiative May Increase Risk of Financial Crime
The G20's initiative aimed at making cross-border payments faster, cheaper, more transparent, and inclusive could potentially lead to heightened risks of fraud and money laundering,...
CFTC Targets Identity Discovery in Decentralized Finance
The Commodity Futures Trading Commission (CFTC) is calling on policymakers to tackle identity issues within Decentralized Finance (DeFi) operations. A report from the U.S. regulatory...