January 2025 – Page 112

Latin American Payments Startup Pomelo Secures $40 Million in Funding

Pomelo, an Argentinian payments infrastructure firm, has successfully secured $40 million in a Series B funding round led by venture capital firm Kaszek. The funding...

NatWest Experiences ATM Malfunction

UK high street bank NatWest has resolved an IT issue with its ATMs that caused thousands of customers to believe they were missing funds. The...

Barclays Faces Challenges in Selling UK Merchant Payments Stake

Barclays is facing challenges in selling a stake in its UK merchant payments unit, as potential buyers are hesitant about the bank's valuation of the...

NAB Penalized $1.4 Million Over Illegitimate Fees

National Australia Bank (NAB) has been fined $1.4 million by the Australian Federal Court for improperly charging customers periodic payment fees without authorization. The Australian...

Fujitsu Tests Generative AI Solutions for Japanese Banks

Japanese technology giant Fujitsu is set to conduct trials exploring the use of generative AI (gen-AI) for banking operations. The company has teamed up with...

CFPB Unveils Comprehensive Reforms for Consumer Data Management

The CFPB has announced plans to implement significant changes to the Fair Credit Reporting Act (FCRA), which could have major implications for data brokers, furnishers,...

Bank Consortium Launches Development of Position Reporting Utility

A consortium of five major global banks—Barclays, BNP Paribas, Goldman Sachs, and HSBC—has launched a joint venture to develop a Position Reporting Utility aimed at...

Digital Onboarding Secures $58 Million in Funding

Boston-based SaaS fintech Digital Onboarding has secured $58 million in funding from Volition Capital. Digital Onboarding has developed an engagement platform tailored for banks and...

FCA Raises Concerns Over Lenient Reactions to New Crypto Promotion Regulations

The UK's Financial Conduct Authority (FCA) has issued a stern warning to unregistered overseas cryptoasset firms, indicating that they may face fines and imprisonment for...

Visa Utilizes Generative AI to Combat Brute Force Attacks

Visa is launching a generative AI tool designed to assign real-time risk scores to transactions in an effort to combat enumeration attacks. These attacks, commonly...