Latest News – FintechDaily

AI Unprepared for Central Bank Decision-Making

Artificial intelligence is not yet equipped to supplant structural models used in central bank policymaking, according to the chief economist of the Monetary Authority of...

TransUnion Set to Acquire Monevo

TransUnion, a prominent credit bureau, is set to enhance its portfolio by acquiring Monevo, a UK-based firm known for providing loan prequalification data. This strategic...

Carbon Trackers: The “Both/And” Solution to the Climate Crisis

At Money20/20 in Amsterdam, Cogo showcased its zero-waste initiative, where discussions took place with ING regarding their innovative carbon footprint calculator and its broader implications...

Combating Fraud: The Role of AI in Misinformation and Consumer Education

In an exclusive interview during the Merchant Payments Ecosystem 2024, Brittany Allen, a trust and safety architect at Sift, shared insights on the evolving landscape...

Banks Explore Innovative Strategies to Enhance Sustainability Efforts

In a recent panel discussion titled "Sustainable Finance: Examining Green Initiatives in Payments and Banking," moderated by Madhvi Mavadiya of Finextra, industry experts delved into...

Nate Founder Accused of Fraud for ‘AI’ Shopping App Actually Operated by Humans

The founder of an AI-based tool designed for automating online shopping checkouts has been charged with defrauding investors, reportedly misleading them by claiming that the...

SwapAgent and Trafigura Launch Blockchain Deposit Accounts with JPMorgan Kinexys

LSEG's post-trade business Swap Agent and commodities trader Trafigura are set to be the first in the UK to open GBP-denominated deposit accounts through JPMorgan's...

TransUnion Unveils AI-Driven Data Analytics Platform

Credit bureau TransUnion has launched an innovative cloud-based platform, OneTru, designed to enhance data and analytics for financial institutions through advanced artificial intelligence. The OneTru...

Lloyds Branch Restructuring Sparks Concerns Over Additional Closures

Customers of Halifax, Lloyds, and Bank of Scotland will soon have the flexibility to utilize any of the bank's branches, a significant shift that has...

16 Innovative Startups to Showcase at EBAday’s Fintech Zone in Paris

EBAday, the leading conference for payments and transaction banking executives, is scheduled for 27-28 May 2025 at the Carrousel du Louvre in Paris. This year,...