UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust

UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust
UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust
September 25, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority (FCA) proposed requiring payments and eMoney firms to participate in a client assets (CASS) system in which funds and...

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FBI Reportedly Investigating Hone Capital’s Connections to China
FBI Reportedly Investigating Hone Capital’s Connections to China
September 25, 2024  |  Security & Fraud

The FBI is reportedly investigating a Silicon Valley venture capital group’s ties to China. Get the Full Story Complete the form to unlock this article...

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Klarna Teams With Xero on BNPL for Small and Microbusinesses
Klarna Teams With Xero on BNPL for Small and Microbusinesses
September 25, 2024  |  Buy Now Pay Later

Klarna and Xero partnered to enable the users of Xero’s small business platform to offer their customers a buy now, pay later (BNPL) option. Get...

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CellPoint Debuts Alternative Payments Hub for Travel Merchants
CellPoint Debuts Alternative Payments Hub for Travel Merchants
September 25, 2024  |  Travel Payments

CellPoint Digital has launched a suite of alternative payment methods for the travel sector. Get the Full Story Complete the form to unlock this article and...

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Amex: Restaurant Sector Digital Payment Innovation Helps Meet Diner Demands
Amex: Restaurant Sector Digital Payment Innovation Helps Meet Diner Demands
September 25, 2024  |  Restaurant innovation

The restaurant industry is undergoing a digital transformation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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36% of Gen Z Pick FinTechs Over Banks for Online Payments
36% of Gen Z Pick FinTechs Over Banks for Online Payments
September 25, 2024  |  Banking

As digital solutions become more widely adopted, traditional financial institutions (FIs) face an escalating challenge from agile FinTech competitors. Younger consumers gravitate toward personalized financial...

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OpenAI Begins Rollout of Advanced Voice to All Plus and Team Subscribers
OpenAI Begins Rollout of Advanced Voice to All Plus and Team Subscribers
September 24, 2024  |  artificial intelligence

OpenAI is rolling out its Advanced Voice to all Plus and Team users in the ChatGPT app this week. Get the Full Story Complete the...

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CFPB Publishes First Application From Potential Open Banking Standard-Setter
CFPB Publishes First Application From Potential Open Banking Standard-Setter
September 24, 2024  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB) is inviting public comments on the first application from an organization seeking recognition as an open banking standard-setter. Get...

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Prosecutors to Consider Companies’ Use of AI When Assessing Compliance Programs
Prosecutors to Consider Companies’ Use of AI When Assessing Compliance Programs
September 24, 2024  |  artificial intelligence

Companies’ use of artificial intelligence (AI) is one of the things prosecutors will look at when assessing their compliance programs during investigations of criminal offenses...

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