/regulation
The US Federal Deposit Insurance Corporation (FDIC) is looking at plans to protect customers from fintech failures, reports Bloomberg Law.
06 September 2024
/ai
UK, US and EU among the signatories on the Council of Europe’s Framework Convention on artificial intelligence and human rights, democracy, and the rule of law.
/sustainable
The Bank of Spain has recently released a report outlining the potential of satellite data to make a difference in collecting climate-related data.
/people
Ignacio Juliá, formerly CEO of ING for Spain and Portugal, is to be appointed as CEO of Santander Spain.
/crypto
Binance Kazakhstan has been granted consent for a full regulatory licence from Astana Financial Services Authority (AFSA).
/payments
PayPal is rolling out a new rewards programme and more personalised ways for users to manage their spending in a major revamp designed to give consumers a smart choice for every purchase, every time.
Amerian Express Ventures has joined an $18 million funding round in Sedric AI, a startup developing a dedicated compliance large language model (LLM) for financial services.
Three former Wirecard executives, including CEO Markus Braun, have been order to pay €140 million plus interest to the former administrator of the bankrupt payments group.
05 September 2024
/markets
Siemens has issued its second digital bond on blockchain rails in support of European Central Bank and Deutsche Bundesbank digital ledger trials.
/wealth
Blue-blooded wealth management house Quilter has acquired fintech firm NuWealth to boost its advisory service for novice investors.
Ant Group has launched a new 'life assistant' app, Zhixiaobao, connecting users to a multitude of AI-agents trained for shopping, fitness and language learning.
Visa is promising to launch a smart upgrade to the current pay-by-bank model with the launch in the UK of Visa A2A, a rules-based system for bill payments and subscription management in early 2025.
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