2024 – Page 44 – FintechDaily

FTC Probes ‘Surveillance Pricing’ Practices Utilizing Customer Data

The Federal Trade Commission (FTC) is investigating how companies such as Mastercard and JPMorgan Chase utilize AI and personal data to implement services that enable...

Tim Berners-Lee Introduces Innovative Data Wallet

Tim Berners-Lee is turning his attention to the next phase of the web with Inrupt's launch of a white-label "data wallet" that allows individuals to...

European Mobile Payment Providers Facilitate Interoperability

Bank-backed mobile payment operators from Italy, Spain, and Portugal have taken the lead in creating interoperable money transfers, allowing users to perform instant cross-border P2P...

Fintech Investments Experience Steady Decline

Total global investment in fintech decreased from $62.3 billion across 2,287 deals in the second half of 2023 to $51.9 billion across 2,255 deals in...

FCA Concludes Regulations for Access to Cash

Banks and building societies will be required to assess local communities' access to cash services, such as branches and ATMs, and address any significant gaps...

Ecommerce Fraud Expected to Surpass $100 Billion by 2029

The value of ecommerce fraud is projected to increase threefold over the next five years, largely influenced by advancements in AI. A study conducted by...

Revolut Achieves UK Banking License Approval at Last

Revolut's long-running efforts to secure a UK banking licence have culminated in success, as the Prudential Regulation Authority (PRA) has granted the licence, albeit with...

FCA Imposes £3.5 Million Fine on Coinbase Unit for Handling High-Risk Customers

The Financial Conduct Authority (FCA) has imposed a £3.5 million fine on Coinbase's CB Payments Limited (CBPL) for facilitating crypto trading services for high-risk customers....

Techstars Reduces Workforce as JP Morgan-Backed Program Concludes

Startup accelerator Techstars is reducing its workforce by 17% and discontinuing its $80 million Advancing Cities program, which was backed by JP Morgan. Launched in...

Significant UK Banks Violated CMA Regulations

HSBC, Lloyds, TSB, and AIB have faced criticism from the UK's competition authority for not adhering to regulations concerning the provision of clear and accurate...