FintechDaily Staff – Page 176

Amazon Stock Takes a Dive as Cloud Growth Slows Down

Amazon has reported a slowdown in its cloud growth as business customers reduce spending amid ongoing market uncertainty. The retail giant anticipates a 9% increase...

Marlin Acquires Majority Stake in Napier AI

Marlin Equity Partners has acquired a majority stake in UK financial crime RegTech Napier AI, though the terms of the deal remain undisclosed. Napier AI,...

UK Retailers Suffer £130 Million Sales Loss in First Month of SCA Regulations

New data from Barclaycard Payments reveals that UK retailers have missed out on £130 million in sales due to non-compliance with the new Strong Customer...

UK MPs Renew Assault on the FCA

Members of Parliament have criticized the Financial Conduct Authority (FCA) for not adequately addressing a previous report that labeled the organization as 'incompetent at best,...

ChatGPT Investment Fund Surpasses the UK’s Top Ten Most Popular Funds

A fictional fund generated by ChatGPT is significantly outperforming the average of the UK’s 10 most popular funds, which have collectively lost 0.8% in value...

Trump Dismisses CFPB Director Chopra

President Donald Trump has dismissed Consumer Financial Protection Bureau (CFPB) director Rohit Chopra. Chopra, who was appointed in 2021 by former President Joe Biden, will...

Seon Secures $94 Million to Assist Fintechs in Compliance with Sanctions Requirements

Anglo-Hungarian fraud prevention startup Seon has successfully raised $94 million to facilitate its expansion into the US, Latin America, and Asia Pacific, along with the...

Coinbase Launches Global Trading Platform

Coinbase has launched a derivatives exchange for institutional investors outside the United States as part of its strategy to lessen its dependence on the domestic...

TSB Alerts Public to Rising Incidents of Impersonation Fraud

TSB has issued an urgent warning to customers regarding the rising rates of impersonation fraud, with victims losing an average of up to £4,000. The...

US Senators Criticize Zelle Amid Growing Fraud Concerns

US Senators Elizabeth Warren and Robert Menendez have criticized the bank-backed P2P payments app Zelle following reports of extensive fraud and scams occurring on the...