January 2025 – Page 87

Revolut Claims Meta Platforms Are a ‘Hotbed’ for Scams

In 2023, Revolut's findings indicate that a significant portion of reported scams in the UK originated from Meta platforms. The analysis revealed that 60% of...

Mastercard Plans to Eliminate Approximately 1,000 Positions

Payments firm Mastercard plans to reduce its workforce by three percent, which amounts to approximately 1,000 jobs, according to Bloomberg. A spokesperson stated, “We recently...

Globacap Secures $21 Million to Transform Private Capital Markets Digitally

Globacap, a technology company dedicated to digitizing and automating the $12 trillion private capital markets, has successfully raised $21 million in Series B funding. Participants...

CFPB Takes Legal Action Against Experian for “Fake Investigations” of Consumer Disputes

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against credit reporting agency Experian for allegedly failing to properly investigate consumer disputes and for...

Enhancing Climate Research Through Ethical Guidelines

For some time, the financial services industry has recognized its role in addressing climate change. Consequently, firms worldwide have sought to secure funding and establish...

BNP Paribas Introduces Fintech Solution for Marketplace Payments

BNP Paribas, in partnership with Startup Studio 321, has introduced a standalone fintech designed to manage marketplace payments. This new venture, named Panto, utilizes a...

Latin American Payments Platform dLocal Secures License in the UK

Latin American cross-border payments platform dLocal is expanding its operations in the UK after obtaining an authorized payment institution license from the FCA. This license...

Older Americans Exhibit Greater Digital Financial Literacy Compared to Younger Generations

According to research from Capital One, digital financial literacy among Americans tends to increase with age. A survey of 3,000 adults revealed that nearly 86%...

Amazon India Contemplates Separating its Payments App

Amazon is considering launching Amazon Pay as a standalone app to enhance its market presence in India's competitive e-commerce sector. According to a report by...

CFPB Approves FDX to Establish Open Banking Standards

The Consumer Financial Protection Bureau (CFPB) has designated the Financial Data Exchange (FDX) as the first standard-setting body for its new open banking regime. In...