2025 – Page 304 – FintechDaily

SEC Chair Cautions That AI Might Trigger Financial Crisis

In a recent interview with the Financial Times, Securities and Exchange Commission (SEC) head Gary Gensler cautioned that artificial intelligence (AI) could lead to a...

Binance Halts New Registrations for UK Customers

Binance has ceased accepting new users in the UK as it seeks a partner to comply with recently implemented crypto asset promotion regulations. The crypto...

Fintech Leaders Express Concerns Over AI Regulations in Parliament

Leaders from the fintech and artificial intelligence (AI) sectors convened in Parliament last night to address the ethical and regulatory challenges that technology poses to...

Mobile Banking Malware Sees 32% Increase Worldwide

Global mobile banking trojan attacks on Android users surged by a third in 2023, alongside a significant rise in cryptocurrency-related phishing, as reported by Kaspersky....

FCA and Modulr Establish Guidelines for Customer Onboarding Restrictions

The UK's Financial Conduct Authority (FCA) has imposed customer onboarding restrictions on Payments-as-a-Service provider Modulr until it aligns with new regulations. At the start of...

Walmart to Introduce Immediate Bank Payment Options

Walmart is partnering with Fiserv to enable online shoppers to make direct and instant payments from their bank accounts. According to Bloomberg, Walmart is leveraging...

Exclusive Preview of the Financial Cloud Summit 2024 with Finextra’s Niamh Curran

As we approach the second annual Financial Cloud Summit on March 7, 2024, at King’s Place in London, Finextra is engaging with industry experts who...

CFPB Suggests New Rule for Paycheck Advance Products

The interpretive rule aims to ensure that U.S. workers are informed about the costs and fees associated with paycheck advance products. The Consumer Financial Protection...

Banco Santander Experiences Data Breach Involving Third-Party Supplier

Banco Santander has reported a data breach at a third-party provider that exposed both client and employee data. The breach impacted the bank's operations in...

PayPal Invests in Blockchain Risk Management Startup Using Stablecoin

PayPal has utilized its own stablecoin to enhance its investment in Chaos Labs, a blockchain risk management specialist. Founded in 2021, the New York-based company...