/regulation
The Federal Trade Commission has filed a complaint against fintech Dave for using "misleading marketing" and charging "surprise" fees for its cash advance service.
07 November 2024
/payments
UBS has successfully piloted a blockchain-based payment system, UBS Digital Cash, designed to improve the speed and efficiency of cross-border transactions for corporate and institutional clients.
OCBC has used Visa Direct to become the first mobile banking app in Asia Pacific to let customers send near-instant peer-to-peer transfers to both Weixin Pay (WeChat Pay) and Alipay using just the recipient’s China national identification name and China mobile number.
Bank of New Zealand has acquired Māori open banking fintech BlinkPay.
/wholesale
JP Morgan has rebranded its Onyx blockchain unit as Kinexys by JP Morgan as the banking giant prepares to bring the technology into mainstream financial services.
06 November 2024
Visa is collaborating with a host of QR payments providers to enable cross-border payments across Asia Pacific.
With H1 profits and revenue ticking upwards, money movement firm Wise has set its sights on crossing the billion pounds transaction processing barrier and moving trillions of pounds across the world.
London-based RegTech Kaizen has secured a $42 million minority investment from Boston-based Guidepost Growth Equity, setting the stage for an expansion in North America.
/cloud
Indonesia-based Islamic banking services provider BCA Syariah has rolled out Thought Machine’s cloud-native Vault Core platform.
Natwest has rolled out a virtual card payment tool, Approval2Buy, for business expenses, using Mastercard’s mobile virtual app card and tokenisation technology.
05 November 2024
/security
GSMA and UK Finance have joined forces to provide a collaborative framework for the UK’s mobile network operators and banks to develop and launch Scam Signal, a new system to help address Authorised Push Payment (APP) fraud in the UK.
The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) have completed a groundbreaking joint experiment in post-quantum cryptography (PQC) to strengthen internet communications and data transfers conducted across continents.
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