2024 – Page 5 – FintechDaily

Hawk AI Appoints HSBC Veteran Shearer

German RegTech Hawk AI has appointed Michael Shearer, a compliance veteran from HSBC, as its chief solution officer. Founded in 2018, Hawk AI's surveillance platform...

Circumvention of Identity Controls Represented 42% of Bank Secrecy Act Reports

The US reported approximately 1.6 million Bank Secrecy Act (BSA) filings in 2021 related to identity exploitation during account creation, access, and transaction processing, reflecting...

EquiLend Set to Be Acquired by Private Equity Firm WCAS

EquiLend, the securities lending trading platform owned by ten major Wall Street firms, is set to be acquired by private equity firm Welsh, Carson, Anderson...

Self-Styled “Next-Generation UBS” Onyx Private Shuts Down Client Accounts

US digital banking startup Onyx Private is closing customer accounts as it shifts to a B2B business model. Miami-based Onyx Private, which offered banking and...

JPMorgan to Pay $18 Million for Breaching Whistleblower Protection Regulations

The Securities and Exchange Commission (SEC) has imposed an $18 million penalty on JP Morgan for obstructing clients and brokerage customers from reporting legal violations...

Westpac and CBA Intensify Battle Against Scammers

Westpac has enhanced its efforts to combat scammers by launching real-time Confirmation of Payee security features for both consumer and small business customers. The new...

Revolut Enhances B2B Focus with Introduction of POS Terminal for Larger Enterprises

Revolut is launching a POS terminal device designed for larger businesses in the UK and Ireland ahead of Black Friday and the bustling holiday shopping...

BuildMyCreditScore Users Experience Dramatic Credit Score Increases in Just Months

UK open banking startup BuildMyCreditScore reports that users have experienced an average increase of 52 points in their credit scores within the first three months....

Key AI Innovations Shaping Fintech Development Through 2029

Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School, presented research on the...

Martin Lewis Dominates NatWest’s Celebrity Scam Super League

UK Money Saving Expert Martin Lewis heads the NatWest Celebrity Scam Super League, which ranks the most significant cases involving the unauthorized use of a...