FintechDaily – Page 248 – Fresh Dose of Fintech News

Central Banks Demonstrate the Value of Integrating Compliance in Cross-Border Transactions

The Bank for International Settlements (BIS), in collaboration with central banks from Australia, Korea, Malaysia, and Singapore, has successfully showcased the feasibility of integrating regulatory...

Australia’s ASIC Emphasizes Governance Gaps in AI Adoption

Australia's Securities and Investment Commission (ASIC) is urging financial services and credit licensees to enhance their governance practices in light of the increasing adoption of...

Top 5 Fraud Techniques Predicted for 2024, Based on AIB Insights

Allied Irish Bank is advising customers to stay alert to fraud, especially during the festive season when many are taking time off. The bank has...

Fintech Funding Defies Downward Trend Across Europe

Innovations in AI and embedded finance have sparked a recovery in fintech funding, according to Q3 figures compiled by Dealroom. While European startup funding declined...

NCino Acquires FullCircl for $135 Million

Banking technology vendor nCino has announced a definitive agreement to acquire the UK-based SaaS regtech platform FullCircl for $135 million in cash. FullCircl's platform aims...

VyStar Credit Union Penalized $1.5 Million for Flawed Online Banking Transition

Florida-based VyStar Credit Union has faced a $1.5 million penalty due to a poorly executed launch of a new online banking system, which left members...

SEC Files Charges Against JP Morgan Affiliates for $151 Million

The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities and JP Morgan Investment Management Inc. (JPMIM) in five distinct actions. JPM has...

Transak Secures Delaware Money Transmitter License and FINTRAC Registration

Transak has obtained its second Money Transmitter License (MTL) from the state of Delaware, in addition to registering with the Financial Transactions and Reports Analysis...

Alison Potter Named Chair of FCA and PSR Decision-Making Committees

The FCA and PSR boards have appointed Alison Potter as chair of the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC)....

Mastercard Settles £200 Million Over Fee Overcharging Claims

Claimants have reportedly been seeking £10 billion in compensation for alleged overcharging that occurred over several years. Mastercard is facing a lawsuit led by consumer...