FintechDaily – Page 409 – Fresh Dose of Fintech News

MoneyGram Stunned by UK Post Office’s Decision to Terminate Partnership

US money transfer giant MoneyGram has reacted to the UK Post Office's decision to terminate a longstanding partnership following a cybersecurity incident. As reported in...

Big YXT, a Financial Markets Analytics Firm, Secures €10 Million in Equity Funding

Financial markets AI-analytics firm big xyt has secured a €10 million funding round to support its global expansion. Big xyt has developed a comprehensive ecosystem...

ONS Reports 19% Rise in Consumer and Retail Fraud in England and Wales

The Office of National Statistics (ONS) has indicated that there were approximately 3.6 million incidents of consumer and retail fraud in 2024, reflecting a 19%...

Spendesk Unveils New Payment Institution as Part of Its Spend Management Platform

French spend management platform Spendesk has launched a financial services division operating under a licence from Autorité de contrôle prudentiel et de résolution, granting the...

Australia Unveils Initiative to Tackle Tech Talent Shortage

The Tech Council of Australia (TCA) has launched an initiative aimed at tackling the ongoing challenge of attracting tech talent. The Partners Forum will promote...

Starling Bank Penalized £29 Million for ‘Alarmingly Lenient’ AML Screening Practices

The Financial Conduct Authority has imposed a £29 million fine on Starling Bank due to deficiencies in its financial sanctions screening processes. According to the...

UK Payments May Be Postponed by Up to Three Days to Combat Fraud

The UK Treasury is set to empower banks with the ability to delay payments by up to 72 hours in order to investigate suspected fraud...

Thoughtworks Partners with Singapore AI for Generative AI Research

Global technology consultancy Thoughtworks has joined forces with AI Singapore to advance the development and adoption of generative AI (GenAI). The newly signed Memorandum of...

Big Tech and Banks Clash Over Compensation for Fraud Victims

A clash has emerged between banks and major tech companies regarding who should carry the main responsibility for reimbursing fraud victims. This conflict arises as...

Assessing Natural Capital: Its Importance and Methods

Kickstarting Sustainable Finance Live 2024 at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and a contributing editor at Finextra, delivered an introduction that outlined...