Latest News – Page 408

Europe’s Target Settlement System to Integrate with Cross-Border Instant Payment Initiative

Europe's Target Settlement system is set to join Project Nexus, an initiative by the Bank for International Settlements aimed at connecting domestic real-time payment networks...

RBC Unveils New Incubator Initiative

The Royal Bank of Canada is launching a new incubator program aimed at supporting fintech and cybersecurity startups. The bank is collaborating with the Rogers...

Banks Granted Extended Time to Investigate APP Fraud

UK banks will have an additional 72 hours to halt payments if they suspect authorized push payment (APP) fraud. The UK Government has announced plans...

OCBC Plans $500 Million Investment in New Innovation Hub

South East Asia's second-largest bank, OCBC, has announced a $500 million investment in the Punggol Digital District (PDD). This includes the establishment of a new...

Spike in Customer Complaints Regarding Fraud Reimbursement by Revolut

The UK's Financial Ombudsman has reported a 35% increase in customer complaints regarding denied reimbursement requests for scam thefts from Revolut. According to data obtained...

Stripe Acquires Stablecoin Platform Bridge for $1.1 Billion

Stripe has announced its agreement to acquire the stablecoin platform Bridge in a deal valued at approximately $1.1 billion. Following rumors of the acquisition last...

Fintech Farm Secures $32 Million for Its ‘Neobank in a Box’ Startup

Fintech Farm, a London-based startup dedicated to assisting banks in emerging markets with the launch of all-digital neobanks, has successfully raised $32 million in funding....

US Chamber of Commerce Sues CFPB Over Delayed Credit Card Fees

The US Chamber of Commerce has initiated a lawsuit against the Consumer Financial Protection Bureau (CFPB), aiming to prevent the agency from enforcing a new...

NeoXam Set to Acquire EZOPS

French software company NeoXam has announced its plans to acquire EZOPS, a provider of AI-enabled data control, workflow automation, reconciliation, and regulatory reporting technology. NeoXam...

Westpac Takes On Impersonation Scams with ‘SafeCall’ Initiative

Westpac has partnered with telecommunications company Optus to launch a new verified in-app calling feature aimed at combating bank impersonation scams. The initiative, known as...