FintechDaily – Page 253 – Fresh Dose of Fintech News

Crypto Ownership in the UK Sees Steady Increase

According to research from the Financial Conduct Authority, more than one in ten Brits now own cryptocurrency. The regulator reports that 12% of UK adults...

MPs Deliver Scathing Criticism of the FCA

An All Party Parliamentary Group (APPG) of UK MPs has criticized the Financial Conduct Authority (FCA), labeling it as 'incompetent at best, dishonest at worst'...

Lunar Launches Independent Enterprise Payments Division

Nordic challenger bank Lunar is intensifying its Banking-as-a-Service (BaaS) initiatives by launching a new standalone entity named Moonrise for its banking services division. The European...

NextGen AI: Legislation Needed to Support AI Development in the UK

Kicking off Finextra’s inaugural NextGen AI conference at Convene Sancroft in London, Lord Chris Holmes from the UK House of Lords delivered a keynote titled...

FCA Imposes Fines on Macquarie Bank for Making Fictitious Trades

The FCA has imposed a £13 million fine on the London branch of Macquarie Bank due to "serious failings" that enabled an employee to record...

Citi Backing Pylon’s Mortgage Infrastructure Platform with Investment

Citi has made an investment in Pylon, a provider of programmatic mortgage infrastructure, although the financial details of the deal have not been disclosed. Founded...

Identifying Effective Strategies to Address AI Limitations

The first afternoon panel concentrated on three key topics related to AI: data, culture, and skills. The session, titled ‘What are the solutions to our...

NextGen AI: Debunking Five Common Myths

The following panel discussion was moderated by Debi Bell-Hosking, featuring Dr. Janet Bastiman, Chief Data Scientist at Napier AI; Stuart McDowell, UK CIO at Societe...

Visa and Tencent Introduce Palm Payment Technology in Singapore

Chinese tech conglomerate Tencent has partnered with Visa to expand its palm recognition technology for digital payments, starting in Singapore. As part of this collaboration,...

The Influence of AI on Regulation, Operational Resilience, and Customer Experience

With the EU AI Act and ongoing digital transformation efforts, the final panel of the day focused on the influence of AI on regulation and...