FintechDaily – Page 185 – Fresh Dose of Fintech News

PSR Faces Criticism for “Lack of Vision” Regarding Lenient Measures on Card Scheme Fees

The Payment Systems Regulator (PSR) has outlined a series of remedial measures aimed at addressing the scheme and processing fees imposed on merchants by Visa...

Transatlantic Fintech Alliance Fintilect Launches Its Services

Fintilect, a transatlantic collaboration of three fintech companies under the ownership of Parabellum Investments, has officially launched to offer banks a comprehensive array of AI-enhanced...

Shawbrook Reduces Mortgage Product Development Time by 88%

Shawbrook Bank has significantly enhanced its operations by leveraging technological advancements and DevOps training from AND Digital, successfully reducing the time required to switch mortgage...

Fuse Secures $6.6 Million to Enhance Cross-Border Payments in MENA Region

Truelayer and BVNK veterans have successfully raised $6.6 million for their startup, which aims to build the infrastructure necessary for real-time cross-border payments in the...

Introducing the Innovators Shaping the Future of Payments at NextGen Nordics

The rapidly evolving payments landscape is being shaped by innovative thinkers across various sectors. The NextGen Nordics event, scheduled for 29 April 2025 at the...

Finextra Survey Uncovers Compliance Challenges and Technology Gaps Amid U.S. Regulatory Uncertainty

The latest survey report by Finextra, which gathered responses from 200 financial services professionals across the US, sheds light on optimism and uncertainty regarding the...

BBVA Expands AI Workforce, Doubling Employee Numbers

BBVA has significantly expanded its workforce dedicated to artificial intelligence, increasing the number of employees to over 400 with the establishment of new 'AI Factories'...

What is the Sustainability of Cash Payments?

According to a study conducted by European financial authorities, the annual environmental impact of an individual's usage of euro banknotes equates to driving approximately 8...

Goldman Sachs and Nomura Leverage Meta’s Llama AI Models

Goldman Sachs and Nomura are leveraging Meta's open-source Llama artificial intelligence models as part of their technological strategies. Since its launch 18 months ago, the...

MPs to Interrogate Bank Executives Regarding IT Outages

The Treasury Committee has reached out to the CEOs of nine banks and building societies to gather information regarding the extent and repercussions of IT...