UK Neobank Monzo Records First Monthly Profits
British neobank Monzo said that it managed to achieve profitability.
News - page 230
Meta Seeks to Force FTC Into Court to Change Privacy Settlement
Meta Platforms has appealed to a federal court to deprive the Federal Trade Commission (FTC) of the opportunity to move forward as part of the agency’s procedure to review its confidentiality agreement reached in 2020.
MiCA Now Officially Signed into Law
EU officials have signed the Markets in Crypto-Assets (MiCA) bill into law following final approval from finance ministers
Kasisto Introduces Banking-Specific LLM KAI-GPT
The KAI-GPT large language model (LLM) is designed to address the banking industry’s unique needs for accuracy, transparency, trustworthiness and customization
Currency One Announces Appeal Against Non-Final Judgement
A court case pending since October 2013, on the charges against Currency One SA brought by Cinkciarz.pl ended with the decision of the District Court of Poznan, which has not yet entered into force.
SEC Hits Former Wells Fargo Community Bank Lead With $3 Million Fine
In the United States, the Securities and Exchange Commission on Tuesday, May 30, announced an agreement with the former head of the Community Bank Wells Fargo & Co. Carrie L. Tolstedt.
MAS and Google Cloud Collaborate on Generative AI
The Monetary Authority of Singapore (MAS) established a partnership with Google Cloud to explore potential formats for the use of generative artificial intelligence.
HSBC Launches ESG Index
HSBC has launched a global index that uses artificial intelligence to assess the improvement of the company’s ESG indicators and their potential in terms of the possibility of influencing the growth of financial dynamics.
Baidu Creates $140 Million Fund to Back ChatGPT-Like Startups
Baidu Inc. has created something like a fund to finance Chinese startups that specialize in research in the field of generative artificial intelligence.
UAE and Hong Kong Strengthen Financial Cooperation
The Central Banks of the United Arab Emirates (UAE) and Hong Kong held a bilateral meeting to enhance collaboration between the two financial services sectors, including cooperation on virtual asset regulations
Mastercard to Share Card Data With Other Payment Networks Under FTC Order
Under the FTC card data routing order, Mastercard must start providing competing networks with customer account information they need to process debit payments
Amazon Tests Dine-In Payments in India
After the closure of the food delivery business last year, Amazon India began experimenting with paying for lunch.
Six Flags Adds Amazon’s Tech
The media reports that Six Flags has become the first theme park to integrate Amazon technology called Just Walk Out into its space.
Cinkciarz Wins Judgement in Google Ads Case
The Polish court ordered the owner Internetowykantor.pl and the Walutomat website, an online currency exchange service platform, to apologize and pay compensation to Cinkciarz.pl, the company from Conotoxia Holding, and donate an additional amount to charity.
FinTech Australia and FDATA Call For CDR Roadmap
The leading Australian peak body of the fintech industry, FinTech Australia, and the global non-profit organization supporting open banking companies, FDATA, have published a joint appeal addressed to politicians calling for the creation of a roadmap for the implementation of consumer data rights (CDR).
NYDFS Fines OneMain for Cybersecurity Violations
Financial Services Superintendent Adrienne A. Harris announced that OneMain Financial Group LLC was fined $4.25 million for cybersecurity violations.
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