January 2025 – Page 90

IMF Reports Cyber Attacks Impose $12 Billion Cost on Financial Firms

Financial services firms have incurred $12 billion in losses due to cyber attacks over the past two decades, according to a recent report from the...

Mastercard and Visa Hit with Multi-Billion Pound Lawsuit over Interchange Fees Affecting UK Businesses

The UK's Competition Appeals Tribunal has approved a $4 billion class action lawsuit initiated by UK businesses regarding the multilateral interchange fees charged by Mastercard...

What to Anticipate at Next Year’s Conference

Finextra Research is set to host its second Financial Cloud Summit conference on March 7th, 2024, at King’s Place in London. In today’s digital landscape,...

Revolut Halts Cryptocurrency Services in the US

Fintech giant Revolut is suspending cryptocurrency services in the US due to the evolving regulatory landscape. American customers will not be able to buy crypto...

BlackRock Acquires Private Markets Data Platform Preqin for £2.5 Billion

BlackRock is set to acquire private market data firm Preqin for £2.55 billion in an all-cash deal, which is anticipated to close by the end...

Insurers Set Their Sights on the Cryptocurrency Market

The global insurance industry is increasingly focusing on the risks associated with cryptocurrencies and digital assets, as evidenced by recent product launches. Insurance broker Marsh...

Visa Unveils New Model for A2A Payments in the UK

Visa is set to enhance the pay-by-bank model with the introduction of Visa A2A in the UK, a rules-based system for managing bill payments and...

Vitt Secures Funding and Unveils New Treasury Product

London-based cash management fintech Vitt has raised additional funding, bringing the total to $16 million in equity and debt in a round led by Better...

Several Banks Face Multi-Million Dollar Fines for WhatsApp Usage

Wells Fargo and BNP Paribas are among the latest banks to face multi-million dollar penalties imposed by US regulators for the use of unofficial communication...

Unlocking Insights: The Value of Mystery Shopping for Regulators

Mystery shopping is an effective tool for regulators seeking insights into how financial institutions interact with customers pursuing products like personal loans, according to findings...