FintechDaily – Page 349 – Fresh Dose of Fintech News

Hong Kong Unveils Plan for Sustainability Reporting

The Hong Kong government has announced a roadmap for implementing International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) across public entities by 2028....

UK Regulator PSR to Introduce Limits on Cross-Border Card Fees

The Payment Systems Regulator (PSR) is moving forward with plans to implement a price cap on the fees charged by Visa and Mastercard for UK...

Swiss National Bank to Broaden wCBDC Testing Initiatives

The Swiss National Bank is set to extend its wholesale central bank digital currency pilot, Helvetia, for an additional two years following promising results from...

Australian Regulator Takes Legal Action Against HSBC for Inadequate Customer Scam Protections

The Australian Securities and Investments Commission (ASIC) has initiated legal action against HSBC for allegedly failing to adequately protect customers from scams that resulted in...

FCA Advances in Establishing Regulated Cryptocurrency Framework

The UK's Financial Conduct Authority (FCA) has outlined new initiatives aimed at enhancing the integrity of the country's crypto market. The regulator is seeking public...

Revolut Enters Global Visa Direct Partnership to Facilitate Cross-Border Business Transactions

Revolut has partnered with Visa to provide business customers with instant card transfers for cross-border payments. International business transfers have often involved various requirements that...

EU Promotes Accessibility of Supercomputers to Accelerate AI Innovation

The European Commission has opened access to supercomputers in the EU to enhance AI development and support various AI initiatives. As part of the EU...

ASA Blocks Lloyds Advertisement Over Greenwashing Concerns

The Advertising Standards Authority (ASA) has upheld a complaint against Lloyds Banking Group for greenwashing, resulting in a ban on an advertisement that promoted the...

New Zealand Lowers Merchant Service Fees for Card Transactions

New Zealand's Commerce Commission has proposed a draft decision aimed at reducing the fees that Kiwi businesses incur for accepting Visa and Mastercard payments. In...

CFPB Takes Legal Action Against JPMorgan, Bank of America, and Wells Fargo for Zelle Fraud

The Consumer Financial Protection Bureau (CFPB) has initiated a lawsuit against JPMorgan Chase, Bank of America, and Wells Fargo, alleging negligence in allowing fraud to...