January 2025 – Page 84

HSBC Unveils New Embedded Finance Initiative

HSBC has teamed up with B2B global trade network Tradeshift to launch a joint venture that offers embedded finance solutions to business clients. The new...

PayPal Backs Conversational AI Company Rasa with Investment

PayPal Ventures has co-led a $30 million Series C funding round for Rasa, a generative conversational AI platform. The round was also co-led by StepStone...

Dimon Criticizes Bitcoin

JPMorgan's CEO, Jamie Dimon, has continued his strong opposition to Bitcoin, stating during a Senate Banking Committee hearing that if he had the authority, he...

UK Financial Regulators to Take Direct Control of Critical Technology Suppliers

British banking regulators are proposing increased scrutiny of financial firms' reliance on third-party technology companies. The Bank of England, Prudential Regulation Authority, and Financial Conduct...

OCC Cautions Banks Regarding BNPL Lending Practices

The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks emphasizing the need for buy now, pay later (BNPL) loans...

FCA Struggles Due to Lack of Crypto Expertise

A shortage of skilled professionals in the cryptocurrency sector led the Financial Conduct Authority (FCA) to experience delays in registering crypto-asset firms under money laundering...

UK Payments Regulator Suggests Limit on Interchange Fees

The Payment Systems Regulator (PSR) is proposing a cap on cross-border interchange fees for credit and debit cards in an effort to shield UK businesses...

Swift Begins Live Trials for Digital Asset Infrastructure

Banks worldwide will begin live trials next year for digital asset and currency transactions on the Swift network. Although the Swift network has previously facilitated...

Revenir AI Revolutionizes Mobile VAT Reclaim for Travelers with a Seamless Solution

UK fintech startup Revenir AI has launched a white-label app designed for banks, enabling travelers to automatically reclaim VAT on overseas purchases through their smartphones....

APP Fraud Prevention Platform Salv Secures €3.9 Million to Launch in the UK

Estonian Regtech company Salv has successfully secured €3.9 million in new funding, aimed at facilitating its expansion into the UK market. This funding round features...