Australian Bank Limits Transfers to Crypto Exchanges
Commonwealth Bank (CBA), the largest bank in Australia, would decline or put “certain payments to cryptocurrency exchanges” on a 24-hour hold, and limit crypto transfers
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Intuit Introduces LLMs for Fintech
The new operating system for generative artificial intelligence will feature AI large language models (LLMs) trained on Intuit’s financial data
Amazon Pay Adds BNPL Option by Affirm
Eligible U.S. merchants offering Amazon Pay to their customers can now seamlessly add Affirm’s Adaptive Checkout flexible payment option at checkout
WhatsApp Launches Channels Feature for Broadcast Messages
Meta announced the introduction of a broadcast-based messaging feature in WhatsApp, which is called Channels.
Facial Recognition to Work at 20K ATMs in Japan
After about four years in working, facial recognition biometric solution from the Seven Bank is set to be deployed at around 20,000 ATMs nationwide as early as March 2024
Akurateco Partners with Skrill to Redefine Global Payment Experiences
A global leader in white-label payment software, Akurateco, has announced its strategic direct integration with Skrill, a renowned EU-based digital payment solutions provider and a part of the Paysafe Group.
Dutch Watchdog Wants to Know How ChatGPT Handles Personal Data
The Dutch privacy regulator has sent a letter to the creators of ChatGPT OpenAI, which contains a request to clarify the algorithm for processing confidential user information.
Australia Wants to End Check Payments
In Australia, the era of paper checks is gradually coming to an end.
NatWest and Edinburgh University Launch New Innovation Centre
NatWest Group and the University of Edinburgh are jointly implementing a project aimed at implementing efforts to create a Center for Purpose-Driven Innovation in Banking.
Payrails Raises $14.4 Million for Its OS for Complex Payments Flows
Payrails, a startup that has developed a platform for creating and using high-quality corporate payment services, announced on Wednesday, June 7, that it had received funding for $14.4 million.
DoorDash Takes Tip From Grubhub With Amazon Canada Partnership
Recognizing that the DashPass subscription growth strategy was aimed at organic channels rather than developing partnerships, DoorDash has changed its position on this issue.
FTC Returns $392 Million to Consumers After Law Enforcement Actions
In the United States, the Federal Trade Commission (FTC) last year returned $392 million to citizens after a refund made possible as a result of the actions of law enforcement officers.
Zumo Launches Decarbonising Solution for Digital Assets
Crypto wallet and payments platform Zumo has introduced its new decarbonising digital assets solution for financial institutions that prioritise ESG
Lucinity Incorporates Generative AI Into Financial Crime Compliance Tool
Lucinity has launched a generative AI-powered tool for financial crime compliance teams
Mastercard Reports ESG Achievements
Mastercard ESG strategy and efforts, expressed through the pillars of People, Prosperity and Planet, are directly connected to its long-term success as a company
Unlimit Expands to Kenya
Fintech Unlimit (previously known as Unlimint) expanded its services to the Kenyan market, upon securing a Central Bank of Kenya licence
