Social media

548 articles tagged with this keyword

/retail

Elon Musk wants X to replace users' bank accounts within a year

Elon Musk wants X to manage users' "entire financial life" so that they "won't need a bank account" by the end of next year.

/retail

Barclays warns students about money mule risks

As the academic year gets underway, Barclays is warning of a sharp rise in the number of cash-strapped students being targeted by criminals to act as money mules.

/retail

NatWest suffers ATM glitch

UK high street bank NatWest has resolved an IT problem with its ATMs that left thousands of customers believing they were missing funds.

/regulation

TikTok fined €345 million for EU privacy breaches

The Chinese-owned short-video platform has been fined over its handling of children's data in Europe between the 31st of July, 2020, and the 31st of December, 2020.

/payments

X gains payment licences in seven US states

X, the social media platform formerly know as Twitter, has obtained money transmitter licences from seven US states over the past month.

/regulation

FNA awarded University of Cambridge grant to develop market monitoring tool

Network analytics and simulation firm FNA has been awarded $100,000 as part of the University of Cambridge’s SupTech Launchpad competition, to develop a working prototype of a tool for financial market monitoring via social media and web extraction.

/markets

Yahoo buys social investing platform Commonstock

Yahoo has acquired Commonstock, a social platform that lets retail investors link their brokerage accounts and share their portfolio's performance and discuss their trades and strategies. Terms of the deal were not disclosed.

/security

Minister orders review after Bank of Ireland IT glitch

Ireland's minister for finance has called for an investigation into the robustness of banking technology infrastructure after a technical glitch with Bank of Ireland's (BoI) mobile banking app enabled customers to seemingly withdraw free money.

/crime

AI risk management tool secures $20m fund raise

Blackbird AI, which develops AI-driven narratives for risk management, has raised $20m in a series B funding round.

/crime

Tide calls for tax on social media and telcos to fund fight on fraud

Business banking platform Tide has called on the government to introduce a tax on social media and telecoms companies to fund and train more police officers to tackle what it calls Britain's "fraud epidemic".

/security

TikTok faces intense scrutiny from US Congress

US Congress grilled TikTok CEO, Shou Zi Chew, when he appeared before Congress yesterday, as the company faces increasing calls for a US ban.

/security

Central Bank of Ireland blocks staff use of ChatGPT

Ireland's central bank has become the latest financial institution to ban its employees from using the artificial intelligence (AI) chatbot ChatGPT.

/regulation

Kraken’s staking-as-a-service sunk by SEC

The US Securities and Exchange Commission (SEC) reached a settlement of $30 million with crypto platform Kraken, for the exchange’s failure to register its staking-as-a-service program.

/regulation

SEC WhatsApp crackdown expands to hedge funds

The Securities and Exchange Commission is widening its probe into Wall Street's use of WhatsApp for conducting business to include major hedge funds, according to Bloomberg.

/regulation

FCA cracks down on fraudulent promotions

New data published by the Financial Conduct Authority (FCA) reveals that the regulator blocked over 8,000 misleading advertisements and promotions during 2022.

/startups

Investing social network yeekatee raises $1.9m

Investing social network yeekatee has raised $1.9 million in a pre-seed funding round joined by Avaloq co-founder Ronald Strässler.

/retail

Atom Bank quits Twitter as Musk turns on Fauci

Atom Bank has decided to shut down all of its Twitter accounts over the increasingly unhinged behaviour of new owner Elon Musk.

/retail

American Express launches TikTok accelerator for small businesses

American Express is partnering with TikTok to help small business owners reach a new generation of shoppers on the viral video platform.

/retail

Gen Z turns to TikTok for financial advice

Young Brits are turning to TikTok for financial information, with many of them believing that influencers on the app provide better advice than traditional media.

/payments

PayPal to ride out social media backlash over misinformation policy change

Online payments giant PayPal is unlikely to suffer any significant impact from a customer backlash over a supposed charge for users spreading misinformation, acccording to financial analysts.