Latest News – Page 7 – FintechDaily

CommBank Abandons Plan to Replace Call Center Employees with AI

Commonwealth Bank of Australia has reversed its decision to eliminate 45 contact center positions after discovering that its AI-driven "voice-bot," intended to streamline customer interactions,...

Meta Secures £10 Billion Cloud Partnership with Google

Meta has entered into a significant partnership with Google Cloud, committing to a deal valued at a minimum of $10 billion. This strategic agreement aims...

FTC Chair Cautions US Tech Giants on Adhering to UK and EU Online Safety Regulations

US Federal Trade Commission Chairman Andrew Ferguson has cautioned American tech giants against adhering to the new digital content laws in the UK and EU,...

CFPB Files Lawsuit Against Synapse for Improper Management of Customer Funds

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against Synapse Financial Technologies, alleging the loss of customer funds following the company’s bankruptcy filing....

Australia Initiates Audit of Binance Due to AML Concerns

The Australian Transaction Reports and Analysis Centre (Austrac) has mandated that Binance Australia appoint an external auditor due to "serious concerns" regarding its money laundering...

MetaMask Introduces Its Own Native Stablecoin

MetaMask is set to launch its own native stablecoin, MetaMask USD ($mUSD), issued by Bridge, a platform recently acquired by Stripe. This new stablecoin aims...

Visa Closes Its U.S. Open Banking Division

Visa has closed its US open banking unit amid regulatory uncertainties and plans by banks to charge for customer data access, as reported by Bloomberg....

Bullish Shares Surge Over 100% in NYSE Debut

Investor sentiment in the cryptocurrency market received a significant boost following Bullish's recent valuation at $13.16 billion, paving the way for other digital asset companies...

N26 Co-Founder Stalf Steps Down as CEO Following Dispute with Investors

N26 co-founder Valentin Stalf is stepping down as joint CEO of the German digital bank amid investor discontent over regulatory issues. Following a transition period,...

Robinhood UK Launches AI Investing Assistant to Analyze Market Trends

Robinhood is introducing an AI-driven investing assistant designed to assist UK users in understanding and navigating market fluctuations. The "Digests by Robinhood Cortex" feature utilizes...