April 2025 – Page 20 – FintechDaily

New York Files Lawsuit Against DailyPay and MoneyLion Over Alleged ‘Illegal Loans’

The New York attorney general has initiated a lawsuit against DailyPay and MoneyLion, claiming that the earned wage access providers are charging workers fees that...

CBA Unveils Sustainability Action Tool for Businesses

Commonwealth Bank of Australia (CBA) has introduced a new Sustainability Action Tool aimed at assisting businesses in minimizing their environmental footprint while also reducing costs....

US Judge Overturns CFPB’s Restrictions on Late Fees for Credit Cards

A US judge has struck down a Consumer Financial Protection Bureau (CFPB) rule that capped credit card late fees at $8. Texas-based US District Judge...

Microsoft Introduces AI-Driven Copilot for Financial Services

Microsoft has unveiled Microsoft Copilot for Finance, an AI-enhanced workplace automation solution that expands the capabilities of Microsoft 365, joining the ranks of Copilot for...

Bookkeeping Platform Bench Closes its Doors, Rapidly Acquired by New Buyer

Vancouver-based bookkeeping fintech company Bench has been acquired by Employer.com, a startup that specializes in human resources technology, just days after announcing its shutdown. On...

Tandem Achieves Its First Underlying Profit

UK-based challenger bank Tandem has announced its first full year of underlying profit, positioning itself alongside peers such as Monzo and Starling on the road...

Money20/20: The Convergence of Quantum and Generative AI is ‘Terrifying’

At Money20/20 in Amsterdam, we had the opportunity to speak with Jeroen Plag, ING's Head of Corporate Strategy and Innovation. He shared insights into the...

Major U.S. Banks Reduce Information Sharing with OCC Following Email Breach

JPMorgan Chase and Bank of New York Mellon have reportedly reduced electronic information sharing with the Office of the Comptroller of the Currency (OCC) following...

Sponsors Unveiled for NextGen Nordics

Ever wanted to be in the same room with the senior executives driving payments innovation across the Nordics and Europe? The NextGen Nordics event on...

OpenAI and Google Commit to Developing Responsible AI

A consortium of technology firms, including OpenAI and Google, has endorsed an open letter advocating for the ethical development of artificial intelligence (AI). The initiative...