2025 – Page 353 – FintechDaily

FCA Advances in Establishing Regulated Cryptocurrency Framework

The UK's Financial Conduct Authority (FCA) has outlined new initiatives aimed at enhancing the integrity of the country's crypto market. The regulator is seeking public...

Revolut Enters Global Visa Direct Partnership to Facilitate Cross-Border Business Transactions

Revolut has partnered with Visa to provide business customers with instant card transfers for cross-border payments. International business transfers have often involved various requirements that...

EU Promotes Accessibility of Supercomputers to Accelerate AI Innovation

The European Commission has opened access to supercomputers in the EU to enhance AI development and support various AI initiatives. As part of the EU...

ASA Blocks Lloyds Advertisement Over Greenwashing Concerns

The Advertising Standards Authority (ASA) has upheld a complaint against Lloyds Banking Group for greenwashing, resulting in a ban on an advertisement that promoted the...

New Zealand Lowers Merchant Service Fees for Card Transactions

New Zealand's Commerce Commission has proposed a draft decision aimed at reducing the fees that Kiwi businesses incur for accepting Visa and Mastercard payments. In...

CFPB Takes Legal Action Against JPMorgan, Bank of America, and Wells Fargo for Zelle Fraud

The Consumer Financial Protection Bureau (CFPB) has initiated a lawsuit against JPMorgan Chase, Bank of America, and Wells Fargo, alleging negligence in allowing fraud to...

Finextra’s Annual Recap

As we approach the end of 2024, let's reflect on the year's most significant news stories and community engagement activities. Top News Stories of 2024...

Dave Confronts Lawsuit in the U.S.

The US Department of Justice and Federal Trade Commission have initiated legal action against Dave, the mobile banking app, alleging that it misled customers regarding...

Tokenization in eCommerce: Enhancing Security and Efficiency

During a recent panel discussion on tokenisation, experts Suzana Kordumova, product manager at Netcetera; Stephan Hackenberg, solution sales director at Giesecke+Devrient; Matteo Gamba, head of...

Klarna to Implement AI Technology, Reducing Workforce by Half

Klarna reported a 27% revenue increase in the first half of 2024, driven primarily by its significant implementation of AI. CEO Sebastian Siemiatkowski indicated that...