FintechDaily – Page 420 – Fresh Dose of Fintech News

Australia Approves Digital ID Legislation

The Australian Government has passed the Digital ID Bill 2024 and the Digital ID (Transitional and Consequential Provisions) Bill 2024. This legislation will establish an...

US Supreme Court Upholds CFPB Funding

The US Supreme Court has dismissed an effort to undermine the funding of the Consumer Financial Protection Bureau (CFPB). The Community Financial Services Association of...

EBAday 2024: Unlocking the Secrets to Successful Digital Transformation

EBAday 2024: The Keys to Successful Digitalisation

Plenitude Purchases Contineo Financial Risk Solutions

Financial crime consultancy Plenitude has acquired Contineo Financial Risk Solutions, a provider of technical advisory services for regulatory compliance operations. As Plenitude celebrates its 12-year...

Banks and Tech Companies Collaborate to Pilot Corporate Digital Identities

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has collaborated with prominent banks and technology firms to test digital verification as a strategy...

Standard Chartered Partners with Wise for Global Remittance Solutions

Wise has partnered with Tier 1 global bank Standard Chartered to utilize its platform for cross-border remittances in Asia and the Middle East. This collaboration...

Bank of America Supports Simply Asset Finance

The Bank of America is providing support to Simply Asset Finance, a fintech focused on lending to small and medium-sized enterprises (SMEs), through a loan...

PSR Decides Against Capping Visa and Mastercard Fees Despite Competitive Concerns

The UK's Payment System Regulator (PSR) has chosen not to impose financial penalties on Visa and Mastercard regarding their scheme and processing fees, despite evidence...

AI Stock Picker Surpasses S&P 500 by Nearly 50%

ProPicks, an AI-based stock picker offered to subscribers of Investing.com, has outperformed the S&P 500 by nearly 50% since its launch last year. In the...

Fraudsters Admit Guilt in Running One-Time Password Scam Website

Three men have pleaded guilty to operating a subscription-based web service in the UK that allowed criminals to bypass One-Time Passcode (OTP) anti-fraud checks. Criminals...