FintechDaily – Page 391 – Fresh Dose of Fintech News

Colombian Payment Orchestration Platform Yuno Secures $25 Million in Funding

Latin American payments orchestration platform Yuno is aiming to expand into Europe and Asia after securing $25 million in funding. DST Global Partners, Andreessen Horowitz,...

CFPB Called to Enhance Data Protection Measures for Open Banking

The Consumer Financial Protection Bureau's (CFPB) proposed open banking regulations have drawn criticism from two industry groups, which claim that the rules fall short in...

Australian Regulator Triumphs in Court Against Kraken’s Local Operator

An Australian court has ruled in favor of the country's securities regulator against Bit Trade, the local operator of the Kraken crypto exchange, regarding design...

Pockit to Acquire Monese

Pockit, a UK fintech focused on providing financial services to low-income and underserved customers, has reached an agreement to acquire the struggling mobile banking company...

Brokerage-as-a-Service Platform lemon.markets Officially Launches

Berlin-based brokerage-as-a-service platform lemon.markets has launched in partnership with Deutsche Bank, BNP Paribas, and Tradegate. After obtaining a license as an investment firm from the...

One in Four UK BNPL Users Incur Late Fees

Nearly a quarter of Britons who have utilized buy now, pay later (BNPL) services have incurred late payment fees, according to a survey conducted by...

Aussie Fintech Halo Launches Operations in Glasgow

The UK division of Australian fintech firm Halo Technologies is establishing an operations and development center in Glasgow, which will create over 60 jobs in...

Mastercard Aims for Complete E-Commerce Tokenization Across Europe

Mastercard aims to achieve 100% e-commerce tokenisation in Europe by 2030, eliminating manual card entry and enhancing the safety and accessibility of online shopping. Tokenisation,...

Revolut Introduces American Express as a New Payment Option for Business Clients

Revolut is set to enable business merchants in the UK to accept American Express cards, providing access to premium customers and enhancing the growth of...

LLMs Exhibit Cognitive Limitations – BIS

When faced with logical puzzles that require reasoning about others' knowledge and counterfactual scenarios, large language models (LLMs) demonstrate a "distinctive and revealing pattern of...