As the European Council moves forward with the Financial Data Access (FIDA) legislation, which seeks to enhance open finance by enabling financial institutions to share customer data, industry stakeholders are urging caution.

Google has filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) to contest its supervisory authority over Google Payment Corp.

As Europe advances toward enhanced open finance with the proposed Financial Data Access (FIDA) legislation, concerns are mounting among financial industry stakeholders.

The Regulated Settlement Network (RSN) proof-of-concept (PoC) demonstrated the transformative potential of shared ledger technology for upgrading multi-asset and cross-network transaction settlements in the US financial system.

Allied Irish Bank (AIB) is advising customers to stay alert against rising fraud risks, especially during the holiday season when many relax their vigilance. The bank has identified the top five fraudulent tactics prevalent in 2024, urging consumers to take proactive steps to protect themselves.

Experian's 12th annual Data Breach Industry Forecast warns that data breaches will continue unabated in 2025, with AI emerging as a dominant force in both cyberattacks and defenses.

Despite increasing efforts to adopt artificial intelligence (AI), many firms remain in the early stages of implementation, hindered by significant gaps in workforce training and regulatory readiness.