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The UK payments industry has called on the new interim Payment Systems Regulator (PSR) chief to postpone the implementation of new APP fraud rules by a year, warning that failure to do so could lead to "permanent damage" to the sector.
10 June 2024
HSBC and BNY Mellon are among the early adopter programme participants for Quantexa's Q Assist context aware generative AI technology suite.
According to a new US Faster Payments Council (FPC) report, more work is needed to ensure most faster payments products are financially inclusive.
07 June 2024
The US Department of the Treasury is seeking public comment on the risks and opportunities posed by the use of AI in financial services.
Australia's government is prepping legislation that would require buy now, pay later providers to carry out basic credit checks on new customers.
06 June 2024
The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from "squelching" startups.
Founded by a team of former Swift executives, iPiD (International Payment Identity) has raised $5.3 million to roll out a Confirmation of Payee product across Europe.
05 June 2024
Equals Money, a payments provider for company expenses, has launched a Banking-as-a-Service product to helping businesses offer their own digital payment and card services.
Coinbase has become the second firm in a week to donate $25 million into Fairshake, a federal super political action committee (PAC) backing pro-crypto candidates during the 2024 US elections.
03 June 2024
Payments giant Strip is moving to an invite-only model for new clients in India as it builds up the infrastructure to deal with an evolving regulatory landscape.
31 May 2024
The Reserve Bank of India (RBI) has finalised its Framework for Recognising Self-Regulatory Organisations for the Fintech Sector (SRO-FT), after inviting feedback for a draft framework in January thus year.
The next UK government should introduce a bill that forces technology, social media and telecoms firms to contribute £40 million a year to fight fraud and scams, says UK Finance.
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