FintechDaily – Page 360 – Fresh Dose of Fintech News

CEO Hochschild Resigns from Discover

Discover Financial Services experienced a significant decline in its share price, dropping more than five percent on Monday evening following the immediate resignation of president...

HSBC Increases Technology Scale-Up Lending by £100 Million

HSBC UK has announced the expansion of its ‘Growth Lending’ fund from £250 million to £350 million to meet increasing demand from high-growth tech scale-ups....

Experian Accused of Spamming Customers Who Enrolled for Identity Protection Services

Experian has been fined $650,000 by the Federal Trade Commission (FTC) for sending unsolicited product and marketing messages to customers who did not opt in...

Brazil Gears Up for New Phase of CBDC Trials

Google, Visa, and Nubank are among the prominent companies chosen to participate in the second round of pilots for Brazil's Drex CBDC project. Brazil's central...

Payments Watchdog Proposes £415,000 Cap on APP Fraud Reimbursement Claims

The UK's Payment Systems Regulator is set to establish a maximum reimbursement limit of £415,000 for victims of authorised push payment (APP) fraud. In June,...

Coinbase Receives Approval to Offer Crypto Futures in the U.S.

Coinbase has obtained approval to provide cryptocurrency futures trading to retail customers in the United States. The exchange has been granted this approval by the...

Visa Under Investigation by DoJ Over Tokenization Technology Pricing

The US Department of Justice is investigating Visa's policies regarding the higher fees charged to retailers for not utilizing its proprietary tokenization technology, as reported...

Minister Initiates Review Following Bank of Ireland IT Malfunction

Ireland's Minister for Finance, Michael McGrath, has requested an investigation into the resilience of banking technology infrastructure following a recent glitch with Bank of Ireland's...

Survey Indicates Division Within the Industry on CBDCs

Recent research reveals that a significant number of finance professionals are hesitant about the implementation of central banking digital currencies (CBDCs). The CFA Institute surveyed...

A Quick Glimpse at the Agenda

Finextra Research will host its second annual Financial Cloud Summit on March 7th, 2024, at King’s Place in London. Next year’s conference will bring together...