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HK Investment Corporation Partners With WeLab To Boost AI In Asian Fintech
Facilitating #DigitalTransformation In The #Banking Sector
The odds of success during digital transformations are low — just three in 10 banks that embark on such journeys will meet their objectives.
The Next Fintech Giant? Freedom Holding’s Meteoric Rise in Europe
https://econotimes.com/The-Next-Fintech-Giant-Freedom-Holdings-Meteoric-Rise-in-Europe-1707432
The Illusion of #AI: How Human Hands Fueled a $40 Million #Fintech Deception
The #eCommerce app Nate, marketed as a groundbreaking AI-driven platform, was actually sustained by human labor, not advanced AI.
How fintech data analytics is transforming financial services
https://www.londondaily.news/how-fintech-data-analytics-is-transforming-financial-services/
Building Africa’s Fintech Future With a ‘Unified Voice’: Meet Karima El Hakim
India's fintech has come far, but so much more to be done: MobiKwik's Upasana Taku
CFPB looks to rescind nonbank registry, ignore compliance
The CFPB's nonbank registry was created to track nonbanks that violated court orders or local, state and federal consumer protection laws.
Why could possibly go wrong?
https://www.americanbanker.com/news/cfpb-looks-to-rescind-nonbank-registry-ignore-compliance
Tariffs may prompt clients to revisit supply chain financing: Wells exec
Flexible financing “will be essential to businesses” if higher-than-expected tariffs take effect, said Jeremy Jansen, Wells Fargo’s managing director of supply chain finance.
https://www.bankingdive.com/news/trump-tariffs-supply-chain-financing-commercial-wells-fargo/745087/
Wells Fargo benefits from improved credit quality
The bank's net charge-offs fell 13% from the first quarter of 2024 to $1B — the lowest quarterly number since the three months that ended Sept. 30, 2023, when its charge-offs totaled $850M.
https://www.americanbanker.com/news/wells-fargo-benefits-from-improved-credit-quality
TD acknowledges ‘darkest day’ in shareholder meeting
The bank’s chair called October’s $3.09B settlement “extraordinarily painful.” Investors voted in four new board members Thursday, including Morgan Stanley’s former deputy CFO.
Block agrees to pay $40M New York penalty
The payments technology company agreed to pay the fine under a consent order to settle allegations related to lax oversight of its Cash App payments tool.
https://www.paymentsdive.com/news/block-cash-app-compliance-deficiency-new-york-penalty-fine/745119/
Nudge another win for baddies. We are devolving as a society.
Ally’s DEI suit dismissed after bank reduces emphasis
America First Legal dropped its lawsuit against Ally Financial last week after the lender largely scrubbed diversity references from its public filings.
Shift4 CEO grilled by senators on Musk, SpaceX ties
The lawmakers questioned Jared Isaacman on whether he would remain independent of Musk if he is confirmed to lead NASA.
https://www.paymentsdive.com/news/shift4-ceo-grilled-by-senators-on-musk-spacex-ties/744974/
New York fines Block for Cash App anti-money-laundering lapses
Block has had a difficult 2025 with risk regulators, with the latest ding being a $40 million fine
https://www.americanbanker.com/payments/news/block-fined-for-aml-lapses
PayPal, Block and others face recession risk: analysts
As Trump’s tariff war raises the specter of a U.S. recession, analysts cited certain payments players as potentially more vulnerable in an economic downturn.
https://www.paymentsdive.com/news/paypal-block-and-others-face-recession-risk-analysts/744962/
MoneyLion stockholders approve acquisition by Gen Digital
The companies said in a statement Thursday that all regulatory approvals have been obtained and the deal is slated to be completed by the following week on April 17.
https://www.americanbanker.com/news/moneylion-stockholders-approve-acquisition-by-gen-digital
How Bank of America scaled #AI
Innovation sessions, governance oversight and a clear focus on solving practical problems helped shape internal and customer-facing use cases.
https://www.ciodive.com/news/bank-of-america-generative-ai-roi-strategy/744930/
