FintechDaily – Page 249 – Fresh Dose of Fintech News

U.S. Banks Support ID Verification Service

Some of America's largest lenders have teamed up with Early Warning to introduce a service that enables users to verify their identity on participating businesses'...

Tradeweb Proposes A$125 Million Acquisition of E-Trading Platform Yieldbroker

Fixed income marketplace Tradeweb is in discussions to acquire Yieldbroker, an Australian government bond and interest rate derivatives trading platform. The proposed sale is valued...

BBVA Fund Backs Latin American Authentication Startup Truora

BBVA investment fund Propel has led a $15 million financing round for Truora, a Colombian startup specializing in authentication. Truora's TruConnect platform allows companies to...

JPMorgan Employs ChatGPT to Analyze Federal Reserve Speeches

JPMorgan has developed a ChatGPT-based language model designed to analyze Federal Reserve statements and speeches, aiming to identify potential trading signals. The model has reviewed...

Westpac Instantly Blocks Payments to Potential Scammers

Westpac has initiated a policy of automatically blocking suspicious online transactions from overseas retailers identified as high-risk for scams. When a customer attempts to make...

Amazon Stock Takes a Dive as Cloud Growth Slows Down

Amazon has reported a slowdown in its cloud growth as business customers reduce spending amid ongoing market uncertainty. The retail giant anticipates a 9% increase...

Marlin Acquires Majority Stake in Napier AI

Marlin Equity Partners has acquired a majority stake in UK financial crime RegTech Napier AI, though the terms of the deal remain undisclosed. Napier AI,...

UK Retailers Suffer £130 Million Sales Loss in First Month of SCA Regulations

New data from Barclaycard Payments reveals that UK retailers have missed out on £130 million in sales due to non-compliance with the new Strong Customer...

UK MPs Renew Assault on the FCA

Members of Parliament have criticized the Financial Conduct Authority (FCA) for not adequately addressing a previous report that labeled the organization as 'incompetent at best,...

ChatGPT Investment Fund Surpasses the UK’s Top Ten Most Popular Funds

A fictional fund generated by ChatGPT is significantly outperforming the average of the UK’s 10 most popular funds, which have collectively lost 0.8% in value...