AI Concentration Poses Financial Stability Risks, Says ECB
The European Central Bank (ECB) voiced apprehensions about the centralization of artificial intelligence services within the EU’s financial systems. The...
Read moreDetailsThe European Central Bank (ECB) voiced apprehensions about the centralization of artificial intelligence services within the EU’s financial systems. The...
Read moreDetailsThe past decade has been earthshaking for the global payments industry, and the changes show no sign of stopping. The...
Read moreDetailsFrench payments app Lydia, which has over eight million users, announced it will split its mobile banking operations into a...
Read moreDetailsKlarna is continuing to incorporate artificial intelligence into various aspects of its business, with recent reports indicating that a majority...
Read moreDetailsThe Federal Reserve Bank of Kansas City examined the capability of U.S. depository institutions (DIs), including banks and credit unions,...
Read moreDetailsThe Consumer Financial Protection Bureau (CFPB) has taken action against online payments processor Chime for failing to return funds to...
Read moreDetailsAfter dominating the Asian payments market, Chinese fintech Ant Group is now expanding its Alipay+ app presence into Europe, Latin...
Read moreDetailsAfter three years of investigation, the Consumer Financial Protection Bureau officially closed its probe into PayPal and its subsidiary Venmo...
Read moreDetailsFederal authorities are investigating significant compliance allegations against one of the world’s largest fintech companies. A former Block employee claims...
Read moreDetailsThe wearables market stagnated in 2023 as consumers felt the pressure of inflation. Those who bought their devices during the...
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