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Amazon Acquires Axio, Expanding Financial Services in India
After receiving approval from the Reserve Bank of India in June, Amazon has completed its acquisition of fintech Axio in...
Local governments press online payments
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Local governments...
Regulator Voices Concerns That Tokenized Stocks Could Confuse
Along with stablecoins, tokenization has become a central focus regarding digital assets by the financial services industry. However, a European...
CFPB proposes trimming nonbank purview
Dive Brief: The Consumer Financial Protection Bureau proposed a rule that would limit its ability to supervise individual nonbanks, according...
DataVisor Aims to Use AI to Optimize SAR Filings
When a financial institution detects potential criminal activity, it is required to file a suspicious activity report (SAR) with Financial...
AGs attack deepfake porn payments
Dive Brief: Attorneys general from 44 states asked payments service providers, including Apple and Visa, to confront computer-generated nonconsensual intimate...
Nearly 100 Crypto ETFs Are Waiting for SEC Approval
The 92 cryptocurrency exchange-traded funds awaiting approval from the SEC will test the depth of investor appetite for more specialized...
Innovative Systems acquired by investment firm
Dive Brief: Innovative Systems, a Mitchell, South Dakota-based billing and payments software services company, was acquired by the Chicago private...
CFPB Pushes Rule to Stop Oversight of Nonbanks
The Consumer Financial Protection Bureau is pulling back further from the role it has played in recent years, proposing a...
Worldpay rewires for bot shoppers
Retailers, travel companies and other merchants may soon be getting orders from artificially intelligent agents shopping on behalf of consumers....
Auto Loan Delinquencies Creep Higher for the Creditworthy
Credit delinquencies are starting to creep up even among borrowers with the highest credit scores. Research shows that most of...
US consumer trust in digital payments lags globally
Dive Brief: Only 8% of U.S. consumers engage in online transactions every day, versus 35% in Brazil and more than...
