FintechDaily – Page 128 – Fresh Dose of Fintech News

FCA Pursues Regulatory Clarity on Underwhelming AI Adoption by UK Banks

The FCA will host a roundtable with banking industry leaders to address concerns that strict compliance requirements are hindering investment in artificial intelligence. According to...

Visa Reports New Anti-Scam Unit Prevented $350 Million in Fraud Attempts

Visa has announced that its newly-established scam disruption practice successfully prevented over $350 million in attempted fraud in 2024. The department, which operates under Visa...

UK Government Announces Plans to Eliminate Payment Systems Regulator

The UK Government has announced its intention to abolish the Payment Systems Regulator (PSR) in an effort to reduce regulatory burdens and stimulate economic growth....

Introducing the Initial 10 Speakers for NextGen Nordics

The Nordic payments ecosystem stands out as one of the most innovative and forward-thinking globally. As digital payments evolve and reshape the financial landscape, expert...

Zocks Secures $13.8M to Enhance AI-Powered Client Intelligence for Financial Advisors

Zocks, an AI-driven client intelligence platform for financial advisors, has successfully raised $13.8 million in a Series A funding round led by Motive Ventures. Additional...

AmEx Acquires Expense Management Software Company Center

American Express has announced its agreement to acquire Center, a provider of expense management software. The financial details of the deal were not disclosed. Center...

Barclays Nears Sale of Its Merchant Acquiring Business

Barclays Bank is nearing an agreement to sell its merchant acquiring business to Brookfield Asset Management from Canada. In February, Barclays announced its intention to...

Sweden’s Riksbank Develops Offline Payment Solutions as Part of War Contingency Planning

Sweden's central bank is focusing on enhancing the ability to make offline payments by card, aiming to boost resilience amid geopolitical tensions and the ongoing...

Green Dot CEO Departs as Company Considers Strategic Alternatives

Digital bank and fintech provider Green Dot has announced a leadership change, replacing CEO and president George Gresham as part of its efforts to implement...

Google Wallet Expands Support for Least-Cost Routing in Australia

Australian Payments Plus (AP+) has partnered with Google to introduce eftpos functionality and least-cost routing (LCR) for transactions made through Google Wallet, allowing merchants to...