FintechDaily – Page 379 – Fresh Dose of Fintech News

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...

Wells Fargo to Sell San Francisco Headquarters to Focus on the U.S. East Coast

Exclusively reported by The Wall Street Journal, the San Francisco Financial District office of Wells Fargo may be up for sale later this month. Discussions...

No-Code Payment Orchestrator Norbr Secures €3 Million in Funding

Norbr, an Amsterdam-based Payment Infrastructure as a Service (IaaS) provider, has secured €3 million in funding, with Alstin Capital leading the investment round and existing...

Coventry Building Society Acquires Co-operative Bank

Coventry Building Society’s £780 million acquisition of the Co-operative Bank has received regulatory approval. The transaction will grant Coventry Building Society access to millions of...

Bitcoin’s Price Surpasses $100,000 for the First Time

Bitcoin prices have surged past the $100,000 mark for the first time as retail and institutional investors look to capitalize on a market rally spurred...