FintechDaily Staff – Page 285

73% of Financial Services Executives Anticipate Job Displacement Due to Generative AI

Almost three-quarters (73%) of executives in the financial services sector anticipate that they could be replaced by Generative AI (GAI), according to a recent study....

Fidelity National Financial Faces Disruption Due to Cyber Incident

Fidelity National Financial (FNF) is currently facing a "cybersecurity incident" that has resulted in the blocking of access to its systems, causing business disruptions. In...

UK Shoppers Express Frustration Over Payment Outage

On Thursday, UK shoppers experienced a significant payments outage that hindered online and card transactions using Visa and Mastercard. Major retailers, including Sainsbury's, ASDA, and...

JP Morgan Supports Tifin’s AI-Driven Wealth Management Initiative

JP Morgan is investing in a new AI-focused venture from Tifin, a group that encompasses various wealth management fintech businesses. Tifin.AI builds upon Tifin Studios,...

Shift4 Payments and SEC Settle Disclosure Violation Dispute

Shift4 Payments, the company founded by Jared Isaacman, who has been nominated by Donald Trump to lead NASA, has reached a $750,000 settlement with the...

Robinhood Agrees to $45 Million Settlement Amid Multiple Regulatory Violations

Robinhood has agreed to pay $45 million to settle various charges from the SEC related to its brokerage operations. According to the SEC’s order, Robinhood...

Partior, a DLT-based Payments Network Backed by Banks, Secures $60 Million in Funding

Partior, a fintech supported by several major banks, has successfully secured $60 million in Series B funding to enhance its global unified ledger-based system for...

Bank of England and NYDFS Exchange Experts in Emerging Payments and Digital Assets

The Bank of England and New York's Department of Financial Services have established a resource sharing agreement that facilitates the exchange of senior staff with...

UK Fintechs Bloom Money and SuperFi Successfully Complete Seed Funding Rounds

Bloom Money, a UK startup focused on providing financial services to immigrants, has secured £1 million in pre-seed funding. Another UK startup, SuperFi, has also...

Many UK BNPL Users Unaware of Late Fees

Just half of BNPL (Buy Now, Pay Later) users in the UK are aware of late payment fees, and even fewer know the potential amounts...