/payments
Apple is opening up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers in a host of countries - including the US and UK - but will charge associated fees.
3 hours
/ai
Responding to a call from the US Treasury, the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.
5 hours
/wholesale
Citi and Wells Fargo have joined a $31 million Series B funding round for Setpoint, an infrastructure provider that streamlines transactions for the credit industry.
10 hours
Singapore's DBS is collaborating with Ant International on a blockchain-based tokenization project for 24/7 intra-group treasury and liquidity management.
13 hours
/regulation
Australia's Securities and Investment Commission is suing the country's top exchange over misleading statements about the progress of its much delayed and now abandoned blockchain-based Chess replacement system.
14 hours
/retail
HSBC is the latest UK high street bank to join the Open Property Data Association, backing efforts to bring a standardised approach to sharing digital data in the home buying process.
23 hours
With AI tools such as ChatGPT now firmly embedded in the mainstream, Monzo has put together a list of 'Do's and don'ts' for using the technology when applying for a job with the digital bank.
/security
A prolific cybercriminal operating under the online monicker J.P.Morgan has been arrested following a co-ordinated international police investigation.
Russia's central bank has cancelled the licence of American Express's subsidiary in the country, at the payment company's request, according to Reuters.
13 August 2024
Mastercard has boosted its open banking programme, making it easier for Americans to secure loans by streamlining income and employment verification processes.
Thousands of Monzo customers were left unable to make payments on Tuesday thanks to a technical problem with the digital bank's app.
Credit card debt payoff platfom Tally is shutting down after a nine-year timeframe that saw it raise $172 million in venture funding.
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