FintechDaily – Page 450 – Fresh Dose of Fintech News

Citi Being Investigated by US Federal Agencies for Connections to Russian Oligarchs – Barron’s

Citigroup is under investigation by several U.S. government agencies regarding its ties to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov. According to a source cited by...

Concerns Over Fraud Affecting Small Businesses

New research from Visa reveals that over two-fifths (41%) of small to medium-sized businesses in the UK have fallen victim to fraud, with the average...

AI-Generated Digital Documents and Deepfakes: The Major Threat to Financial Services

Digital document manipulation using AI and deepfakes has emerged as the most significant threat facing the financial services industry as we approach 2025, according to...

Australian Banks Launch Pilot Program for Fraud Intelligence Sharing Network

Australia's leading banks are testing a new fraud and scams intelligence-sharing network utilizing behavioral and device-based technology from security vendor BioCatch. ANZ, Commonwealth Bank of...

Finastra Looks into Data Breach, Emphasizes Communication with Customers

Finastra, a fintech firm serving over 8,000 financial institutions, has provided additional details on its investigation following a recent data breach. The breach involved the...

AI Adoption in the UK Financial Services Sector Expands, Yet Comprehension Falls Behind

Three quarters of financial services firms in the UK are currently utilizing artificial intelligence, yet nearly half of these organizations report having only a "partial...

AI – Connect with Finextra in London Next Week!

Join us in London on 26 November to explore the current challenges, opportunities, and future of AI in financial services. Finextra’s inaugural NextGen: AI event...

The Payments Association Urges Action to Tackle the Environmental Impact of Digital Payments

The Payments Association is advocating for the creation of a standardized framework that enables firms to effectively measure carbon emissions within the digital payments value...

Railsr and Equals Group Prepare for £283 Million Merger

The long-anticipated merger between embedded banking platform Railsr and payments firm Equals Group is set to proceed via a £283 million takeover deal. A newly-formed...

NatWest Unveils Advent Calendar to Alert Brits About Scams

As fraudsters prepare to exploit the Christmas season, NatWest has introduced an advent calendar aimed at educating British consumers about prevalent purchase scams. Research from...