Category: Policy and Regulation
Marlin Acquires Majority Stake in Napier AI: A Game-Changing Investment in AI Technology
Napier AI, a London-based provider of AI-driven financial crime compliance software, is making notable advancements in the banking and asset management industries since its 2015…
EU AI Act: New Unacceptable Risk Provisions Now in Effect for AI Regulations
The EU AI Act will significantly alter the artificial intelligence landscape in Europe starting February 2, 2025, banning AI systems classified as posing ‘unacceptable risk’…
CFPB Demands Wise to Pay Over $2 Million: Key Insights on the Enforcement Action
Wise, a London-based financial technology company, faces scrutiny from the Consumer Financial Protection Bureau (CFPB) for allegedly misleading customers about fees and failing to disclose…
UK Fintech Job Market Soars: Discover Exciting Opportunities in a Thriving Industry
In 2024, the fintech industry saw a notable increase in job vacancies, reaching 12,519 compared to 8,672 in 2023, driven by venture capital funding, AI…
CFPB Imposes $2.5 Million Fine on Wise: What You Need to Know
Wise, a London-based financial technology company, faces scrutiny from the Consumer Financial Protection Bureau (CFPB) for misleading advertising practices related to fees and exchange rates…
Infinox Faces First MiFiR Transaction Reporting Fine: What You Need to Know
Infinox Capital was fined £99,200 by the Financial Conduct Authority (FCA) for failing to submit 46,053 transaction reports between October 2022 and March 2023, which…
Australia Mandates Credit Licenses for BNPL Providers: What You Need to Know
The popularity of Buy Now Pay Later (BNPL) services in Australia has surged, with around 40% of consumers using them last year. In response, the…
Trump Calls for National Crypto Stockpile Evaluation and Bans CBDC Development
Former President Trump’s recent executive order on digital financial technology emphasizes the importance of the digital asset industry for innovation and economic growth in the…
Trump Initiates Transformation of National Crypto Reserves; Bans CBDC Development
Former President Trump’s recent executive order on digital financial technology highlights the digital asset industry’s role in fostering innovation and economic growth in the U.S.…
Bank of London Faces Scrutiny for Missing Financial Filings: What It Means for Investors
The Bank of London is facing scrutiny as it prepares to file its 2023 accounts by December 31, 2024. The accounts are being prepared by…
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