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Wednesday, July 9th, 2025
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2025

Labour Unveils Strategy to Prevent ‘Banking Deserts’

Labour Unveils Strategy to Prevent ‘Banking Deserts’
As banks in the UK continue to close branches, the Labour Party has announced plans to grant new powers to regulators aimed at ensuring public...
FintechDaily Staff
January 1, 2025

Bank of England to Assess AI Risks to Financial Stability

Bank of England to Assess AI Risks to Financial Stability
The Bank of England is initiating a review of artificial intelligence (AI) and machine learning (ML) amid concerns about their potential impact on financial stability....
FintechDaily Staff
January 1, 2025

HSBC Unveils New Embedded Finance Initiative

HSBC Unveils New Embedded Finance Initiative
HSBC has teamed up with B2B global trade network Tradeshift to launch a joint venture that offers embedded finance solutions to business clients. The new...
FintechDaily Staff
January 1, 2025

PayPal Backs Conversational AI Company Rasa with Investment

PayPal Backs Conversational AI Company Rasa with Investment
PayPal Ventures has co-led a $30 million Series C funding round for Rasa, a generative conversational AI platform. The round was also co-led by StepStone...
FintechDaily Staff
January 1, 2025

Dimon Criticizes Bitcoin

Dimon Criticizes Bitcoin
JPMorgan's CEO, Jamie Dimon, has continued his strong opposition to Bitcoin, stating during a Senate Banking Committee hearing that if he had the authority, he...
FintechDaily Staff
January 1, 2025

UK Financial Regulators to Take Direct Control of Critical Technology Suppliers

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...
FintechDaily Staff
January 1, 2025

OCC Cautions Banks Regarding BNPL Lending Practices

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...
FintechDaily Staff
January 1, 2025

FCA Struggles Due to Lack of Crypto Expertise

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...
FintechDaily Staff
January 1, 2025

UK Payments Regulator Suggests Limit on Interchange Fees

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...
FintechDaily Staff
January 1, 2025

Swift Begins Live Trials for Digital Asset Infrastructure

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...
FintechDaily Staff
January 1, 2025

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