Markets

After leading the way in AI projects and inquiries for years, BBVA now takes a decisive step in integrating generative AI into its main markets. Firstly, it has focused on approximately 100 projects intended for development using different tools of...

The new rule on buy now, pay later lenders on the US Consumer Financial Protection Bureau has received different reactions from companies. Affirm is happy with the rule, but rival Klarna finds it "baffling." CFPB Wants BNPL Lenders To Be...

MasterCard is utilizing generative AI to increase the pace at which it can identify cards that have been compromised. The company’s updated fraud detection system can predict the complete card information from partial numbers. These partial numbers are showcased on...

The White House doesn't support the U.S. House of Representatives agreeing on a structured bill on the crypto market, but the president isn't saying he'll stop it from becoming law. This is good news for the crypto industry. On Wednesday,...

The Consumer Financial Protection Bureau has made a new regulation stating that buy now, pay later firms should be considered credit card providers. According to its press release, the agency said BNPL companies must provide the exact consumer protections credit...

Scam losses in the United Kingdom fell by four percent last year, but still surpassed the £1 billion high point. According to reports, criminals went away with a sum of £1.17 billion via authorised and unauthorised fraud last year. Losses...

UK financial regulators issued a £61.7 million fine to Citigroup after the company made a $444 billion input, resulting in an unintended stock sale totaling $1.4 billion in the European markets. The Citi trader who made the error wanted to...

The Privacy Commissioner for Personal Data (PCPD) in Hong Kong has finished its review of the Worldcoin project. The findings revealed that Worldcoin's operations in Hong Kong breached the Personal Data Privacy Ordinance (PDPO) rules. Ada Chung Lai-ling, the Privacy...

The UK has seen a 4% drop in the amount of money lost to fraud in 2023, totaling £1.17 billion in losses. However, despite this being a 4% decrease compared to the year before, it still topped the £1 billion...

Kathleen Martin, a former managing director at Citigroup Bank, recently filed a lawsuit against her former employer. The suit, targeting not only Citigroup but also its COO, accuses them of unlawful termination, which came after Martin refused to provide regulators...

Several months after the approval of Bitcoin ETFs, the US Securities and Exchange Commission (SEC) is preparing the grounds for also enabling the launch of Ethereum Exchange-Traded Funds. Recently, the regulator approved the rule changes necessary to enable the ETH...

Financial Conduct Authority (FCA) recently fined Citigroup over a $444 billion fat finger error that resulted in a $1.4 billion sell-off of equities in European markets. The company was ordered to pay ₤61.7 million for the damage it caused. What...

Alpha Group International has announced the launch of Alpha Match, an online platform that assists businesses and individuals in managing their debt through digital means. This service is set to offer an easy and reliable way for private capital funds...

The Federal Financial Supervisory Authority (BaFin) has taken legal action against N26 Bank AG for failure to report dubious actions in 2022. Due to this, BaFin will enforce a 9.2 million EUR fine on the financial institution. Addressing these issues,...

Global financial technology company Unlimit has revealed a partnership deal with DEUNA, a streamlining and commerce enhancement platform. The partnership seeks to improve cross-border payment methods for business organizations in Latin America (LATAM). According to NTT data and a 2023 report...