February 2025 – Page 27

Lloyds Empowers Users to Manage Contactless Limitations in Response to Fraud Concerns

Lloyds Banking Group customers will soon have the ability to set their own limits as the new £100 ceiling on contactless card payments takes effect...

RBC Launches New Spending Forecasting Tool

Royal Bank of Canada has introduced a forecasting feature to its AI-driven budgeting tool, Nomi. The Nomi Forecast provides users with insights into upcoming pre-authorised...

Banks Launch Emergency Hotline to Address APP Fraud

UK banks are launching an emergency hotline to protect customers from APP (Authorised Push Payment) fraudsters who impersonate bank staff. Initially set as a one-year...

UK Clarifies Legal Framework for Issuing Digital Securities through Blockchain

LawtechUK, a government-backed and industry-led initiative focused on promoting the use of English law and the UK’s jurisdictions in the realm of emerging technologies, has...

Microsoft Launches Financial Services Cloud

Microsoft is set to make its cloud offering tailored for financial services generally available next month, with Virgin Money UK among the first to adopt...

SEC Finalizes Regulations for Transition to T+1 Settlement Cycle

The Securities and Exchange Commission (SEC) has finalized rule changes to shorten the settlement cycle to one business day, aiming to reduce risks associated with...

Resistant AI Secures $16.6 Million in Funding to Combat Fraud

Resistant AI, a software-as-a-service (SaaS) company specializing in AI and machine learning security, has raised $16.6 million in Series A funding to safeguard automated financial...

VisionLabs Introduces Facial Recognition Payment Terminal

Facial recognition company VisionLabs has introduced a new payment terminal that allows shoppers to complete transactions with just a glance. The VisionLabs Luna POS terminal...

European Exchanges Unite to Create Consolidated Tape Joint Venture

Fourteen European exchanges have joined forces to create a joint venture aimed at participating in the selection process for a consolidated tape (CT) for equities...

FSB Intensifies Inquiry into DeFi Vulnerabilities

The Financial Stability Board (FSB) is intensifying its examination of the complex realm of decentralized finance (DeFi), driven by concerns over potential spillover risks to...