Latest News – Page 271

Central Banks Need to Step Up in Response to AI Challenges

Central banks should leverage artificial intelligence to enhance their analytical capabilities in achieving financial and price stability, as highlighted by the Bank for International Settlements...

Digital Euro: Preserving Europeans’ Freedom of Payment Options

As Europe moves closer to the potential launch of a digital euro, the European Central Bank (ECB) is actively engaging with the public through various...

US RegTech Firm Norm Ai Secures $27 Million in Funding

Norm Ai, a US RegTech company specializing in converting regulations into computer code via an AI platform, has secured $27 million in Series A funding...

ABC Projektai Reclaims Banking License

In a significant ruling, the Court of Justice of the European Union (CJEU) has decided that ABC Projektai can regain their banking license, which was...

Pension Fintech Startup Jarvis Secures £1.8 Million in Seed Funding

UK-based pensions fintech Jarvis has successfully secured £1.8 million in seed funding, with the investment round co-led by Ascension VC and Cornerstone VC, along with...

Silvergate Banks Settles Regulatory Charges for $63 Million

Silvergate Capital Corp., along with former CEO Alan Lane and former chief risk officer Kathleen Fraher, has agreed to pay $63 million to resolve U.S....

Visa Collaborates with Affirm on a Card That Allows Shoppers to Switch Between Payment Options

Visa has partnered with Affirm to introduce its 'flexible credential' technology in the US, featuring a card that switches between debit and buy now, pay...

UK Payments Group Calls on Incoming Government to Require Big Tech to Compensate Fraud Victims

On the day of the UK's General Election, The Payments Association has urged the incoming Chancellor to implement a 'Tech Levy' on major social media...

Visa Acquires UK Fraud Prevention Technology Company Featurespace

Visa has signed a definitive agreement to acquire the British AI-driven financial fraud prevention company Featurespace for an undisclosed amount. Founded in 2008 and based...

UK Companies Listed Abroad Should Repay State Aid

According to a report by UK Finance, companies that choose to list outside the UK or relocate significant operations away from the country should be...