FintechDaily – Page 288 – Fresh Dose of Fintech News

Australia Unveils Initiative to Tackle Tech Talent Shortage

The Tech Council of Australia (TCA) has launched an initiative aimed at tackling the ongoing challenge of attracting tech talent. The Partners Forum will promote...

Starling Bank Penalized £29 Million for ‘Alarmingly Lenient’ AML Screening Practices

The Financial Conduct Authority has imposed a £29 million fine on Starling Bank due to deficiencies in its financial sanctions screening processes. According to the...

UK Payments May Be Postponed by Up to Three Days to Combat Fraud

The UK Treasury is set to empower banks with the ability to delay payments by up to 72 hours in order to investigate suspected fraud...

Thoughtworks Partners with Singapore AI for Generative AI Research

Global technology consultancy Thoughtworks has joined forces with AI Singapore to advance the development and adoption of generative AI (GenAI). The newly signed Memorandum of...

Big Tech and Banks Clash Over Compensation for Fraud Victims

A clash has emerged between banks and major tech companies regarding who should carry the main responsibility for reimbursing fraud victims. This conflict arises as...

Assessing Natural Capital: Its Importance and Methods

Kickstarting Sustainable Finance Live 2024 at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and a contributing editor at Finextra, delivered an introduction that outlined...

SumUp in No Rush for IPO After Exceeding One Billion Annual Transactions

UK payments group SumUp has announced that it is not rushing to go public, as it has recently surpassed one billion transactions annually. The company...

Qonto Unveils Plans for European Expansion

French neobank Qonto is set to open new offices in Austria, Belgium, Portugal, and the Netherlands as part of its European expansion plan. Founded in...

The Importance of ESG Data in the Natural Capital Market

Founder of ResponsibleRisk, Richard Peers, moderated a session at Sustainable Finance Live titled ‘What is the role of impact and ESG data in ensuring economic...

Crypto.com Takes Legal Action Against SEC Following Wells Notice

Crypto.com has initiated a lawsuit against the Securities and Exchange Commission (SEC) following a Wells notice from the regulator indicating potential enforcement action. In its...