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International Financial Stability Board Chair: Non-Bank Vulnerabilities Threaten Financial System
International Financial Stability Board Chair: Non-Bank Vulnerabilities Threaten Financial System
July 22, 2024  |  Regulation

A top global financial watchdog says the “shadow banking” sector needs more regulation. Get the Full Story Complete the form to unlock this article and...

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Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations 
Nigerian Regulator Fines Meta $220 Million, Alleging Privacy Law Violations 
July 19, 2024  |  Meta

A Nigerian regulator has fined Meta $220 million, saying the privacy policy of the company’s WhatsApp violated the country’s data and privacy laws. Get the...

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Meta’s AI Retreat May Signal EU Regulatory Minefield
Meta’s AI Retreat May Signal EU Regulatory Minefield
July 19, 2024  |  artificial intelligence

Facebook parent Meta’s decision to withhold its latest multimodal artificial intelligence (AI) model from the European Union highlights the growing chasm between Silicon Valley innovation...

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Bank of England: CHAPS Payment System Service Restored After Outage
Bank of England: CHAPS Payment System Service Restored After Outage
July 18, 2024  |  Payment Methods

The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. Get...

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Cash App Exiting UK to Increase Focus on US
Cash App Exiting UK to Increase Focus on US
July 18, 2024  |  Payment Methods

Cash App says it will exit the British market as it focuses on the U.S. Get the Full Story Complete the form to unlock this...

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Global Regulators Race to Tame the Wild West of AI
Global Regulators Race to Tame the Wild West of AI
July 17, 2024  |  artificial intelligence

From Washington to Brussels, policymakers are scrambling to rein in artificial intelligence’s (AI) rapid advance. As the Federal Communications Commission (FCC) targets AI-powered robocalls and...

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UK Regulators Investigating Benefits, Risks of Digital Wallets
UK Regulators Investigating Benefits, Risks of Digital Wallets
July 15, 2024  |  Payment Methods

Two United Kingdom regulators have begun gathering information on the benefits and risks of digital wallets for people and businesses. Get the Full Story Complete...

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PayPal Fined $27 Million for Contract Violations in Poland
PayPal Fined $27 Million for Contract Violations in Poland
July 15, 2024  |  Regulation

A Polish regulator fined PayPal $27.3 million over allegedly “unprecedented” user agreement violations. Get the Full Story Complete the form to unlock this article and...

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Nala Raises $40 Million to Expand Consumer Business Beyond Africa
Nala Raises $40 Million to Expand Consumer Business Beyond Africa
July 12, 2024  |  Investments

Nala raised $40 million in a Series A funding round to expand its consumer business beyond Africa and to build its B2B payment platform for Africa....

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