Latest News – Page 424

Bank of America Supports Simply Asset Finance

The Bank of America is providing support to Simply Asset Finance, a fintech focused on lending to small and medium-sized enterprises (SMEs), through a loan...

PSR Decides Against Capping Visa and Mastercard Fees Despite Competitive Concerns

The UK's Payment System Regulator (PSR) has chosen not to impose financial penalties on Visa and Mastercard regarding their scheme and processing fees, despite evidence...

AI Stock Picker Surpasses S&P 500 by Nearly 50%

ProPicks, an AI-based stock picker offered to subscribers of Investing.com, has outperformed the S&P 500 by nearly 50% since its launch last year. In the...

Fraudsters Admit Guilt in Running One-Time Password Scam Website

Three men have pleaded guilty to operating a subscription-based web service in the UK that allowed criminals to bypass One-Time Passcode (OTP) anti-fraud checks. Criminals...

Central Banks Establish Coordination Body to Oversee the Implementation of Project Nexus

The five central bank partners involved in Project Nexus—an initiative by the Bank for International Settlements aimed at connecting domestic real-time payment systems across borders—are...

PPRO CEO: Fintech Leaders Must Boldly Champion Diversity and Inclusion

Pride month is drawing to a close, with major celebrations continuing this weekend in London. Pride represents much more than parades, parties, and vibrant displays;...

Bank of England Policy Maker Advocates for AI Training to Adhere to Regulatory ‘Constitution’

Innovative AI models should be trained to adhere to a 'constitution' or a set of regulatory rules aimed at mitigating the risk of harmful behavior,...

NatWest Launches Mobile Virtual Corporate Cards for Managing Business Expenses

Natwest has introduced Approval2Buy, a virtual card payment tool for business expenses, leveraging Mastercard’s mobile virtual app card and tokenisation technology. With Approval2Buy, businesses can...

2025 FX Market Trends and the Influence of the U.S. Election

Can a smaller FX and global payments provider compete with large and regional banks in facilitating foreign currency payments to overseas suppliers? “Absolutely,” asserts Monex...

BaFin Imposes €9.2 Million Fine on N26 for Delayed Money Laundering Reports

German regulator BaFin has fined N26 €9.2 million for deficiencies in its anti-money laundering protocols, though it may soon lift the limit on the number...