May 2025 – Page 8 – FintechDaily

Basel Committee to Reevaluate Crypto Asset Proposals Following Market Backlash

The Basel Committee on Banking Supervision is set to reassess its proposed restrictive regulations concerning financial institutions' investments in cryptocurrency, following significant objections from various...

US Bank Chooses Microsoft Azure for Cloud Migration

US Bank has announced a significant investment aimed at modernizing its technology infrastructure by selecting Microsoft Azure as its principal cloud provider for applications. By...

Visa Unveils Eco Benefits Package

Visa has introduced a new suite of sustainability-oriented benefits for account issuers aimed at empowering and motivating cardholders to adopt greener practices. Set to launch...

Banks Anticipate Significant Interest Losses from Sepa Instant Payments

Nearly half of European banks expect to lose millions in interest due to new liquidity demands under the SEPA Instant Payments regulation, yet they believe...

TSB Revamps Onboarding Process Using Onfido’s Biometric Facial Recognition Technology

TSB Streamlines Account Onboarding Process TSB has significantly enhanced its account onboarding, cutting the process down to just 10 minutes. The updated mobile functionality now...

Temenos Unveils GenAI Co-Pilot Features

Temenos has unveiled a groundbreaking GenAI co-pilot for its retail banking core product, designed to expedite the testing and launch of new financial offerings. This...

CFPB to Abandon Open Banking Regulation

The Financial Technology Association (FTA) has criticized US regulators' plans to rescind open banking rules, describing the move as a "handout to Wall Street banks."...

Expanding Sustainable Finance for a Green Recovery

Finextra participated in the Singapore Fintech Festival's session titled ‘Scaling Sustainable Finance for a Green Recovery,’ featuring insights from experts at Ecosystm, FIL Asia, HSBC,...

Squirro Partners with European Central Bank, Aims for US Expansion Through Open.Exchange Acquisition

Squirro has announced the European Central Bank as the latest addition to its client portfolio, following significant partnerships with the Bank of England and the...

JPMorgan Chase to Enable Client Bitcoin Purchases

Jamie Dimon, who previously expressed intentions to shut down the cryptocurrency sector, has announced that JPMorgan Chase will now enable its clients to purchase Bitcoin....