January 2025 – Page 96

BoE and FCA Unveil Update on Data Collection Transformation Initiatives

The Bank of England (BoE) and the Financial Conduct Authority (FCA) have successfully completed their phase one commitments in the ongoing Transforming Data Collection (TDC)...

Ant Group Hit with $985 Million Fine

China's central bank has imposed a hefty fine of $985 million on Ant Group for breaching several laws and regulations. According to the People's Bank...

Stripe Leverages AI to Enhance Cross-Border Commerce in Asia

US payments giant Stripe is aiming to expand its presence in Asia by introducing a range of new AI features designed to enhance cross-border commerce...

FTC Submits Revised Complaint Against Walmart for Money Transfer Fraud

The Federal Trade Commission (FTC) has filed an amended complaint asserting that Walmart permitted its money transfer services to be exploited by scammers, resulting in...

UK Chancellor Jeremy Hunt’s Monzo Bank Account Application Rejected

UK Chancellor Jeremy Hunt has claimed that he was denied a bank account by Monzo while serving as a backbencher last year, stating that he...

Mosaic and Euroclear Collaborate to Enhance Fixed Income Data Insights

Mosaic Smart Data has partnered with Euroclear to introduce Smart Markets, an AI-driven tool designed to analyze unstructured fixed income data and generate actionable trading...

UK Seeks Pension Fund Investment to Release £50bn for High-Growth Companies

The UK government has unveiled proposals aimed at unlocking tens of billions of pounds from pension funds for investment in start-ups and high-growth companies. In...

UK Government Launches Digital Securities Sandbox

The UK Government has initiated consultations on the introduction of a Digital Securities Sandbox (DSS) designed to test innovative new market infrastructures for digital assets....

Stripe CTO Singleton Resigns

Stripe's chief technology officer, David Singleton, is set to step down and will be succeeded by his deputy, Rahul Patil. Singleton announced his decision on...

Mastercard Welcomes New Participants to the Start Path in Solidarity Program

Mastercard has introduced five early-stage startups founded by women and people of color into its Start Path in Solidarity programme. In the U.S., underrepresented founders...