2024 – Page 3 – FintechDaily

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...

Citi and Mastercard Collaborate on International Debit Card Transactions

Citi is partnering with Mastercard to allow clients to make real-time cross-border payments to debit cards. As the first bank to leverage Mastercard Move, Citi...

Big Tech Companies Push Back Against Regulatory Oversight of Digital Wallets

A US lobby group advocating for the interests of Big Tech companies has criticized proposals from the Consumer Financial Protection Bureau (CFPB) aimed at regulating...

SEC X Account Breached to Disseminate Fake Bitcoin News

The US Securities and Exchange Commission has confirmed that its X account was hacked and used to post false information regarding the approval for the...

Divided Views on SEC’s Approval of Bitcoin Spot ETFs

In a landmark judgement, the US Securities and Exchange Commission has approved 11 bitcoin spot ETFs, paving the way for mass adoption of digital assets....