Global Fintech Investment Declines 19% in First Half of 2024, Reveals Innovate Finance Report
Innovate Finance's latest report highlights a significant 19% drop in global fintech investments during the first half of 2024, reflecting shifting market dynamics and investor ... Read More
Dosh Applies for Banking License in New Zealand to Expand Financial Services Reach
Fintech firm Dosh has applied for a banking license in New Zealand, aiming to broaden its financial services offerings and enhance market presence in the ... Read More
Avidia Bank Enhances Customer Experience with Personetics AI on Q2 Digital Banking Platform
Avidia Bank has integrated Personetics’ AI-powered engagement engine into its new Q2 Digital Banking Platform, aimed at revolutionizing customer interactions through personalized insights and proactive financial ... Read More
Outpayce Partners with Mambu to Launch Innovative Multi-Currency Digital Wallet
Outpayce has teamed up with Mambu to unveil a sophisticated multi-currency digital wallet, marking a significant advancement in global financial ... Read More
Challenges Mount for US Banks as Profits Squeeze Amid Lower Interest Payments and Rising Credit Losses
US banks are navigating challenging waters as reduced interest income and increased credit losses put pressure on profitability, impacting their financial ... Read More
Fifth Third Bank Faces CFPB Fine for Fake Accounts and Auto Repossessions
Fifth Third Bank has been fined by the US Consumer Financial Protection Bureau (CFPB) due to allegations of creating fake accounts and improper auto repossessions, highlighting regulatory scrutiny in banking ... Read More
Bank of England Tightens Oversight on Insurance Risk Transfers
The Bank of England is increasing its scrutiny of risk transfers in the insurance sector to address concerns about transparency, risk concentration, and regulatory arbitrage, aiming to ensure financial stability and ... Read More
Fed Chair Powell Reaffirms Central Bank Independence Amid Growing Economic Challenges
Federal Reserve Chairman Jerome Powell emphasized the importance of central bank independence at a recent event, addressing mounting economic challenges. Powell highlighted the need for the Fed to operate free from political pressures to ... Read More
Privado ID Enhances Web Wallet with 50% Faster Identity Verification
Privado ID has launched an upgraded web wallet that enhances identity verification speed by 50%. This improvement leverages advanced biometric technologies and streamlined processes to provide quicker, more secure user authentication, ... Read More
FREENOW Partners with Alipay+ to Expand Asian E-Wallet Acceptance Across Europe
FREENOW has teamed up with Alipay+ to introduce Asian e-wallet acceptance in seven European countries. This integration aims to enhance payment convenience for Asian travelers and residents alike, bridging digital payment gaps across ... Read More