2025 – Page 236 – FintechDaily

UK Financial Regulators to Take Direct Control of Critical Technology Suppliers

British banking regulators are proposing increased scrutiny of financial firms' reliance on third-party technology companies. The Bank of England, Prudential Regulation Authority, and Financial Conduct...

OCC Cautions Banks Regarding BNPL Lending Practices

The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks emphasizing the need for buy now, pay later (BNPL) loans...

FCA Struggles Due to Lack of Crypto Expertise

A shortage of skilled professionals in the cryptocurrency sector led the Financial Conduct Authority (FCA) to experience delays in registering crypto-asset firms under money laundering...

UK Payments Regulator Suggests Limit on Interchange Fees

The Payment Systems Regulator (PSR) is proposing a cap on cross-border interchange fees for credit and debit cards in an effort to shield UK businesses...

Swift Begins Live Trials for Digital Asset Infrastructure

Banks worldwide will begin live trials next year for digital asset and currency transactions on the Swift network. Although the Swift network has previously facilitated...

Revenir AI Revolutionizes Mobile VAT Reclaim for Travelers with a Seamless Solution

UK fintech startup Revenir AI has launched a white-label app designed for banks, enabling travelers to automatically reclaim VAT on overseas purchases through their smartphones....

APP Fraud Prevention Platform Salv Secures €3.9 Million to Launch in the UK

Estonian Regtech company Salv has successfully secured €3.9 million in new funding, aimed at facilitating its expansion into the UK market. This funding round features...

Mastercard Launches Pilot Program for Crypto Credential Network

Mastercard has initiated a pilot for its Crypto Credential network, allowing cross-border peer-to-peer digital asset transactions between Latin America and Europe. Last year, Mastercard introduced...

Nth Exception Introduces AI Tool to Facilitate ISO 20022 Adoption

London-based fintech Nth Exception has launched Nucleus, a machine learning data fabric designed to assist financial institutions in adopting ISO 20022. Led by ISO 20022...

Bank of Ireland UK Censured by ICO for Errors Affecting Over 3,000 Accounts

Inaccurate data was shared from 3,284 customer profiles to credit reference agencies, potentially leading to refusals for mortgages, credit cards, or loans, as well as...