FintechDaily Staff – Page 177

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...

LSEG Chooses OpenFin to Power Workspace Platform on Customer Desktops

The London Stock Exchange (LSEG) is set to migrate its Workspace platform to OpenFin, enabling interoperability with thousands of internal applications created by banks and...

Ray-Ban Maker Files Lawsuit Against JPMorgan Over $272 Million Cyber Theft

A lawsuit has been filed against JPMorgan by the French manufacturer of Ray-Ban glasses, Essilor, for allegedly failing to prevent suspicious transactions that resulted in...

APP Reimbursement Code Expanded to Include More Institutions; CoP Requirement Established

The UK's Lending Standards Board (LSB) has announced updates to the Contingent Reimbursement Model (CRM) Code, a set of voluntary standards designed to protect individuals...