FintechDaily – Page 369 – Fresh Dose of Fintech News

CFPB Unveils Comprehensive Reforms for Consumer Data Management

The CFPB has announced plans to implement significant changes to the Fair Credit Reporting Act (FCRA), which could have major implications for data brokers, furnishers,...

Bank Consortium Launches Development of Position Reporting Utility

A consortium of five major global banks—Barclays, BNP Paribas, Goldman Sachs, and HSBC—has launched a joint venture to develop a Position Reporting Utility aimed at...

Digital Onboarding Secures $58 Million in Funding

Boston-based SaaS fintech Digital Onboarding has secured $58 million in funding from Volition Capital. Digital Onboarding has developed an engagement platform tailored for banks and...

FCA Raises Concerns Over Lenient Reactions to New Crypto Promotion Regulations

The UK's Financial Conduct Authority (FCA) has issued a stern warning to unregistered overseas cryptoasset firms, indicating that they may face fines and imprisonment for...

Visa Utilizes Generative AI to Combat Brute Force Attacks

Visa is launching a generative AI tool designed to assign real-time risk scores to transactions in an effort to combat enumeration attacks. These attacks, commonly...

Monzo Introduces Monthly Payment Options for Apple Pay Transactions

Monzo Flex customers using iOS 18 and iPadOS 18 now have the option to either pay in full or spread the cost over several months...

EU Seeks Proposals for Project Evaluating the Environmental Impact of Crypto Assets

The European Commission's financial services directorate has announced a tender for a model-based approach to address the environmental impact of crypto-assets. The Commission is increasingly...

Zumo Leads the Way in Adhering to FCA’s Tech-Driven Crypto Promotion Regulations

Zumo has become the first digital asset platform to implement the technology requirements outlined in the Financial Conduct Authority’s (FCA) new financial promotions regime for...

WFE’s Head of Regulatory Affairs Discusses the Dangers of Unregulated Crypto Trading Platforms

“Using the term exchange can be misleading if you’re not doing these things,” said Richard Metcalfe, head of regulatory affairs at the World Federation of...

FCA Advocates for a “New Enlightenment” Era in Financial Inclusion

At the Scottish Financial Enterprise: Extending Financial Inclusion event in Glasgow this afternoon, CEO of the Financial Conduct Authority (FCA), Nikhil Rathi, discussed the regulator's...