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CFPB’s new rule aligns BNPL with credit card standards, sparks industry reactions

CFPB's interpretive rule brings BNPL services under Truth in Lending Act protections, mirroring credit card regulations aiming to safeguard consumers....

May 27, 2024
5 minutes

FE fundinfo acquires wealth management fintech Dericon

UK-based financial data firm FE fundinfo acquires German wealth management fintech Dericon. This marks FE fundinfo’s seventh acquisition in over thr...

May 27, 2024
2 minutes

INZMO launces AI legal chatbot to support tenants and landlords

INZMO introduces RentalBot, an AI-powered chatbot providing affordable legal support in Germany's rental market, offering advice on common disputes in...

May 24, 2024
2 minutes

Citi fined $79M by UK regulators for trading control failures

Citigroup Inc. has been fined $79 million by British regulators for control failures in its trading systems, leading to a $1.4 billion trading error. ...

May 24, 2024
3 minutes

Visa and Mastercard face regulatory crackdown over soaring merchant fees

The UK's Payment Systems Regulator targets Visa and Mastercard, aiming to reduce their dominant market share and high merchant fees after a 30% fee in...

May 23, 2024
4 minutes

ABN Amro to sell Neuflize Vie stake to BNP Paribas Cardif

ABN Amro enters exclusive talks to sell its Neuflize Vie stake to BNP Paribas Cardif. With this strategic move, the Dutch bank aims to form a strategi...

May 23, 2024
2 minutes

EFG Hermes acquires minority stake in Kenzi Wealth

Middle Eastern investment bank EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth, signalling a new era in AI-powered investment soluti...

May 22, 2024
2 minutes

Plenitude acquires Contineo expanding reach in financial crime compliance

Plenitude Consulting acquires Contineo Financial Risk Solutions, expanding its financial crime risk and compliance capabilities, and marking its first...

May 22, 2024
3 minutes

SOFTWARE SPOTLIGHT

PayPal Ventures Embarks on AI Journey with Strategic Rasa Investment

This venture not only marks PayPal's inaugural investment in the AI sphere but also introduces its AI Fund, dedicated to fostering innovation by suppo...