FintechDaily – Page 131 – Fresh Dose of Fintech News

ChatGPT Analyzes ‘Fed Speak’ to Forecast Interest Rate Trends

A recent study conducted by researchers at Sheffield Hallam University reveals that large language models, such as ChatGPT, can effectively predict future interest rate decisions...

Digital Payments Surge in Europe, Yet Cash Remains Dominant at Points of Sale

While the use of digital payments is increasing in the euro area, cash still accounts for over half of all point-of-sale transactions, as indicated by...

MPs Claim APP Scam Reimbursement Plans are “Fundamentally Flawed”

UK lawmakers have criticized proposals that would transfer the responsibility for compensating scam victims to an organization backed by the banking sector, labeling them as...

Finextra’s Premier Impact Study Reports of 2022

As 2022 comes to a close, we reflect on our most downloaded impact study reports from the year. These reports serve as practical guides that...

DLocal Considers Potential Sale – Reuters

Unicorn Latin American cross-border payments platform dLocal is reportedly exploring a potential sale, according to Reuters. The Uruguay-based company has engaged Morgan Stanley to assess...

Tanzanian Money Transfer App Nala Expands Launch into the EU Market

This launch provides the African diaspora in Europe, the UK, and the United States with efficient and cost-effective options for sending money to Tanzania, Kenya,...

Bank-Supported EPI Completes Initial E-Commerce Transactions

The European Payments Initiative (EPI), a bank-backed initiative designed to create a competitor to Mastercard and Visa in Europe, has successfully completed its first e-commerce...

Virgin Money and TSB Criticized for Online Security Vulnerabilities

Starling Bank and HSBC lead the rankings for online banking security, according to assessments conducted by Red Maple Technologies for consumer advocate Which?. In contrast,...

Indian Lending Platform KreditBee Secures Second Tranche in $200 Million Funding Round

Bengaluru-based fintech lending platform KreditBee has successfully extended its Series D funding round with a new investment of $100 million from private equity powerhouse Advent...

OCBC Launches ChatGPT-Powered Bot for All Employees

Singapore's OCBC will be launching a generative artificial intelligence chatbot for all 30,000 of its employees to assist in writing, research, and generating new innovative...