May 23, 2024 @ 10:44 am By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule impacting buy now pay later (BNPL) providers. BNPL providers have emerged as a popular alternative to credit cards, as their interest rates are typically lower than credit cards. At the same time, many platforms… Read More

 Tagged AFC, american fintech council, bnpl, cfpb, dorsey and whitney, erin bryan, financial technology association, penny lee, Phil Goldfeder, rohit chopra

May 23, 2024 @ 8:56 am By JD Alois  |  

Paris-based payments Fintech Mangopay has hired Jonathan Greenland as Sales Director, Strategic Accounts UK&I. Greenland previously was an executive at Airwallex. Mangpay says the move is designed to boost its presence in the UK. Prior to Airwallex, Greenland worked at GoCardless, another UK Fintech. In… Read More

 Tagged mangopay, payments, uk, united kingdom

May 23, 2024 @ 8:40 am By Omar Faridi  |  

After years at the forefront of projects and research based on artificial intelligence (AI), BBVA takes a “decisive step” in the use of generative AI in its main markets. On the one hand, it has prioritized “around 100 projects that will be developed with different… Read More

 Tagged ai, artificial intelligence, bbva, openai, spain

May 23, 2024 @ 8:32 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) is making a major shift in how we offer margin investing to better serve our customers on their financial journey. Robinhood notes in a blog post that it is pleased to launch what they claim to be “the lowest margin rates among  brokerages,… Read More

 Tagged financial services, margin, robinhood

May 23, 2024 @ 8:26 am By Omar Faridi  |  

Fraud remains a major problem as over £1 billion is stolen by criminals in 2023, according to an update from UK Finance. UK Finance recently released its 2024 annual fraud report, “detailing the amount its members reported as stolen through payment fraud and scams in… Read More

 Tagged scams, uk, uk finance, united kingdom

May 23, 2024 @ 8:18 am By Omar Faridi  |  

Alchemy Pay, the fiat-crypto payment solution provider, is set to launch its latest venture, the Web3 Digital Bank. This new initiative will offer global Web3 businesses “a compliant, easy, and reliable means to open and operate multi-fiat accounts, streamline cash flows within a single account,… Read More

 Tagged alchemy pay, Crypto Adoption, digital transactions, payments, Web3

May 23, 2024 @ 8:17 am By Omar Faridi  |  

Zopa Bank has reportedly entered the UK’s £23 billion renewable energy market, making its suite of fully regulated BNPL and retail finance products available to Octopus Energy customers across the UK. The deal will see Zopa finance the purchase and “installation of Octopus solar panels… Read More

 Tagged energy markets, uk, united kingdom, zopa, zopa bank

May 23, 2024 @ 6:22 am By Omar Faridi  |  

Kaspersky has released its new sustainability report for H2 2022 and 2023, revealing the key results of the company’s most recent sustainable development initiatives and projects. The report encompasses five strategic areas “identified as the company’s ESG priorities: safer cyberworld, future tech, safer planet, people… Read More

 Tagged cybersecurity, esg, kaspersky, Research Report

May 22, 2024 @ 6:18 pm By Omar Faridi  |  

CME Group, which claims to be the leading derivatives marketplace, announced that it will continue its expansion into the fixed income markets by launching repo on corporate bonds and mortgage-backed securities (MBS) on BrokerTec Quote, its dealer-to-client (D2C) request-for-quote (RFQ) trading platform. U.S. corporate bonds… Read More

 Tagged cme group, trading, united states

May 22, 2024 @ 12:30 pm By Omar Faridi  |  

As consumers seek easier and safer shopping experiences, Mastercard (NYSE: MA) and Salesforce (NYSE: CRM) announced a new integration to enhance trust across the ecosystem, helping customers speed up the resolution of transaction disputes, and reduce costs associated with resolving them. Disputes and chargebacks, where… Read More

 Tagged digital transactions, mastercard, salesforce, transaction disputes