NatWest Experiences ATM Malfunction
UK high street bank NatWest has resolved an IT issue with its ATMs that caused thousands of customers to believe they were missing funds. The...
Barclays Faces Challenges in Selling UK Merchant Payments Stake
Barclays is facing challenges in selling a stake in its UK merchant payments unit, as potential buyers are hesitant about the bank's valuation of the...
NAB Penalized $1.4 Million Over Illegitimate Fees
National Australia Bank (NAB) has been fined $1.4 million by the Australian Federal Court for improperly charging customers periodic payment fees without authorization. The Australian...
Fujitsu Tests Generative AI Solutions for Japanese Banks
Japanese technology giant Fujitsu is set to conduct trials exploring the use of generative AI (gen-AI) for banking operations. The company has teamed up with...
CFPB Unveils Comprehensive Reforms for Consumer Data Management
The CFPB has announced plans to implement significant changes to the Fair Credit Reporting Act (FCRA), which could have major implications for data brokers, furnishers,...
Bank Consortium Launches Development of Position Reporting Utility
A consortium of five major global banks—Barclays, BNP Paribas, Goldman Sachs, and HSBC—has launched a joint venture to develop a Position Reporting Utility aimed at...
Digital Onboarding Secures $58 Million in Funding
Boston-based SaaS fintech Digital Onboarding has secured $58 million in funding from Volition Capital. Digital Onboarding has developed an engagement platform tailored for banks and...
FCA Raises Concerns Over Lenient Reactions to New Crypto Promotion Regulations
The UK's Financial Conduct Authority (FCA) has issued a stern warning to unregistered overseas cryptoasset firms, indicating that they may face fines and imprisonment for...
Visa Utilizes Generative AI to Combat Brute Force Attacks
Visa is launching a generative AI tool designed to assign real-time risk scores to transactions in an effort to combat enumeration attacks. These attacks, commonly...
Monzo Introduces Monthly Payment Options for Apple Pay Transactions
Monzo Flex customers using iOS 18 and iPadOS 18 now have the option to either pay in full or spread the cost over several months...