Global
Global: FDIC and Federal Reserve Impose Over $1.4B in Penalties on Discover Over Credit Card Misclassification
In a significant regulatory enforcement action, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board have jointly penalized Discover Financial Services ...
Global
Global: Ireland Launches GDPR Probe into X Over Use of Personal Data for AI Training
The Irish Data Protection Commission (DPC) has launched a formal investigation into X (formerly Twitter) over potential violations of the EU General Data ...
Fintech
Central Banks Launch Tender for Cross-Border Payments Network Operator Under Project Nexus
In a significant step toward transforming global payment systems, five central banks collaborating on Project Nexus—an initiative by the Bank for International Settlements ...
Global
Global: Big Tech Tax Practices Under Scrutiny as “Silicon Six” Accused of Dodging $278 Billion Over a Decade
A new report by the UK-based nonprofit Fair Tax Foundation (FTF) has ignited a global debate on corporate tax compliance and regulatory accountability, ...
Fintech
PayPal and TerraPay Partner to Accelerate Cross-Border Digital Payments Across Middle East and Africa
In a move poised to reshape the cross-border payments ecosystem across the Middle East and Africa (MEA), PayPal has partnered with TerraPay to ...
Fintech
Belvo Secures $15M to Scale Open Finance Infrastructure Across Latin America
In a significant boost to Latin America’s financial innovation ecosystem, Mexico City-based Open Finance API platform Belvo has secured $15 million in funding, ...
Global
Global: Google Leverages AI to Eliminate Half a Billion Scam Ads in 2024
In a major push to strengthen digital trust and meet increasing demands from financial institutions and regulators, Google has harnessed advanced artificial intelligence ...
Global
Digital Divide: SMBs Struggle to Keep Pace with Big Retail’s Unified Commerce Experience
As the digital economy accelerates post-pandemic, small and medium-sized businesses (SMBs) are feeling the pressure to match the seamless, omnichannel shopping experience offered ...
Global
Global: Qatar Central Bank Enhances Mobile Payments with Multi-Wallet Functionality
In a move that reinforces its commitment to financial innovation and inclusive digital finance, the Qatar Central Bank (QCB) has unveiled a new ...
Fintech
Global: Standard Chartered and OKX Launch Regulatory-Backed Collateral Mirroring Programe for Institutional Crypto Trading
In a strategic move to enhance trust, transparency, and capital efficiency in digital asset markets, Standard Chartered has partnered with global crypto exchange ...
