2025 – Page 120 – FintechDaily

Bank of London Under Regulatory Investigation as Auditor Questions Future Viability

The Bank of London has announced that it is under investigation by UK regulators, a situation that its auditors suggest may create "significant doubt" about...

BIS and NY Fed Explore Policy Implications of Future Tokenized Markets

The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have released a joint research study examining how central banks can...

Mastercard Introduces Cryptocurrency, Open Banking, and ESG Consulting Services

Mastercard is broadening its consulting services with new practices focused on open banking, open data, cryptocurrency, digital currencies, and environmental, social, and governance (ESG) initiatives....

Retail Giants Call on EU to Tackle Visa and Mastercard Fees

Europe's largest retailers are urging the European Commission to take action against the fees imposed by Visa and Mastercard. In a letter dated May 13,...

ECB Extends Deadline for Non-Bank PSP Access to TARGET

The European Central Bank (ECB) has delayed the deadline for allowing non-bank payment service providers (PSPs) to access central bank-operated payment systems, such as the...

GIST Impact Collaborates with Global Canopy to Aid Financial Institutions in Evaluating Deforestation Risks

GIST Impact is collaborating with Global Canopy to encourage investors and banks to factor deforestation into their financial decisions, driving capital towards outcomes that benefit...

UBS Partners with Communications Compliance Platform Shield

UBS has participated in a $20 million Series B funding round for Shield, a cutting-edge workplace intelligence platform designed specifically for compliance teams within financial...

Deutsche Bank to Eliminate 2,000 Jobs via Branch Closures

Deutsche Bank is set to implement substantial reductions in its branch network this year, impacting approximately 2,000 jobs. CEO Christian Sewing outlined the bank's intentions...

More Banks Join Carbon Marketplace Powered by Blockchain Technology

UBS, Standard Chartered, and BNP Paribas have officially joined Project Carbon, a collaborative initiative designed to establish a blockchain-based marketplace for trading carbon offsets. Initially...

Wells Fargo Introduces Vantage: A Persona-Based AI-Driven Digital Banking Platform

Wells Fargo has introduced a new digital banking platform called Vantage, designed to better serve its commercial, corporate, and investment banking clients. Vantage is envisioned...