FintechDaily – Page 162 – Fresh Dose of Fintech News

FCA Initiates First Criminal Charges Against Operator of Cryptocurrency ATM Network

The Financial Conduct Authority (FCA) has initiated its first criminal charges against an individual, Olumide Osunkoya, 45, from London, who is accused of operating multiple...

Chainlink Consortium to Pilot Trade Finance Application with Brazil’s Digital Real

Microsoft Brazil, 7COMm, and Chainlink are collaborating with Banco Inter on a trade finance application as part of the second phase of the central bank's...

FDIC Suggests New Bank Reconciliation Regulations After Synapse Collapse

The US Federal Deposit Insurance Corporation (FDIC) is exploring measures to safeguard customers from potential failures of fintech companies, according to a report by Bloomberg...

Reevaluating the Impact of AI in Financial Services

Join us for our inaugural event in London this November, where we will explore the transformative role of AI in financial services. NextGen: AI is...

Datricks Secures $15 Million for Its AI-Driven Risk Management Solution

Datricks, an AI-powered platform focused on enhancing financial integrity, has successfully raised $15 million in a Series A funding round led by the venture capital...

Irish Watchdog Data Protection Commission Puts Google PaLM 2 AI Model Under Scrutiny

The Data Protection Commission (DPC) serves as Ireland's national independent authority tasked with safeguarding individuals' personal data within the EU, in line with the General...

Mastercard to Acquire Threat Intelligence Leader Recorded Future in $2.65 Billion Deal

Mastercard has reached an agreement to acquire threat intelligence firm Recorded Future from private equity group Insight Partners for $2.65 billion. This acquisition is expected...

eToro USA to Cease Most Crypto Trading After SEC Settlement

Social investing platform eToro's US business has reached a settlement with the Securities and Exchange Commission (SEC), agreeing to pay $1.5 million and cease trading...

Federal Reserve Chair Will Remain in Position Despite Trump’s Pressure

Chairman of the Federal Reserve, Jerome Powell, has made it clear that he will not resign from his position if requested by Donald Trump upon...

App Fraud Decreases in H1; Card-Not-Present Incidents Rise by 26%

Financial losses from authorised push payment (APP) fraud, romance scams, purchase scams, and impersonation deceptions have significantly decreased in the first half of the year,...