FintechDaily – Page 381 – Fresh Dose of Fintech News

Singapore Unveils Generative AI Risk Framework with a Focus on Digital Currency and ESG Initiatives

The Monetary Authority of Singapore (MAS) has collaborated with banks and technology firms to establish a generative AI risk framework and is actively exploring the...

Alba Bank CEO Resigns

Rod Ashley has announced his decision to step down as CEO of Alba Bank after six years in the role. Jonathan Thompson, currently the chief...

ABN Amro on High Alert Following Ransomware Attack on Supplier

ABN Amro is alerting customers that their personal information may be compromised following a ransomware attack on one of its suppliers. The attack targeted AddComm,...

First Abu Dhabi Bank and JP Morgan Launch Pilot for Programmable Payments

First Abu Dhabi Bank (FAB) has successfully conducted a pilot for programmable payments utilizing JP Morgan's JPM Coin Blockchain Deposit Accounts. Collaborating with JP Morgan's...

Enova, Payday Lender, Penalized and Prohibited from Providing Short-Term Loan Offers

US payday lender Enova has been fined $15 million by the Consumer Financial Protection Bureau (CFPB) and has been prohibited from offering short-term loans due...

Canadian Fintechs Call for Action on Open Banking

Dozens of technology leaders have reached out to Canada’s finance minister, urging the establishment of a clear roadmap for the much-anticipated open banking framework. After...

Irish Organization Advocates for Establishment of National Fintech Hub

A lobby group advocating for Ireland's financial services sector has urged the government to create a dedicated physical center for fintech companies. At the association's...

Finom, the SME Banking Challenger, Secures €50 Million in Funding

Finom, the Amsterdam-based financial management platform for SMEs and freelancers, has secured €50 million in Series B funding, led by General Catalyst and Northzone. This...

Revolut Introduces Bond Trading for EU Clients

UK fintech Revolut is aiming to enter Europe's fixed income market as a new investment option for its clients. According to comments reported by Financial...

Mastercard Approved to Provide Domestic Payment Processing in China

Mastercard has received formal approval to begin domestic payment processing in China, allowing the U.S. company to issue yuan-denominated bank cards in the country. The...