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FCA Proposes Consumer Duty on Social Media Financial Product Ads
FCA Proposes Consumer Duty on Social Media Financial Product Ads
July 17, 2023  |  Regulation

The U.K.’s financial watchdog wants to crack down on illicit marketing of financial products on social media. That crackdown, the Financial Conduct Authority (FCA) announced...

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China’s Generative AI Regulations Go Live Next Month
China’s Generative AI Regulations Go Live Next Month
July 17, 2023  |  News

China is a famously hands-on nation when it comes to controlling information within its borders. Still, that hasn’t stopped some of the world’s largest technology...

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Raisin Predicts Deposit Base Will Grow to $56 Billion
Raisin Predicts Deposit Base Will Grow to $56 Billion
July 17, 2023  |  Banking

German FinTech Raisin is reportedly banking on a shift among lenders to alternative funding sources. The savings and investment platform anticipates that deposits for which...

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Mastercard and Nirvana Travel Team on Digital Payments in Middle East
Mastercard and Nirvana Travel Team on Digital Payments in Middle East
July 14, 2023  |  Travel Payments

Mastercard and travel agency Nirvana Travel and Tourism are partnering to provide a payment solution to customers who book travel services in the United Arab Emirates, Saudi Arabia,...

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Apple Introduces Tap to Pay on iPhone for Contactless Payments in the UK
Apple Introduces Tap to Pay on iPhone for Contactless Payments in the UK
July 13, 2023  |  Apple

Apple has begun offering its Tap to Pay on iPhone feature to merchants in the U.K. The new offering, announced Thursday (July 13), lets merchants...

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Public.com Debuts in UK Ahead of Investing Rival Robinhood
Public.com Debuts in UK Ahead of Investing Rival Robinhood
July 13, 2023  |  Business

Investing platform Public.com is reportedly set to launch in Great Britain. Co-CEO and Co-founder Leif Abraham told Bloomberg News in an interview posted Thursday (July 13) that the firm will let...

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Alphabet’s AI Chatbot Bard Launches in Europe and Brazil
Alphabet’s AI Chatbot Bard Launches in Europe and Brazil
July 13, 2023  |  Artificial Intelligence

Google’s artificial intelligence (AI) chatbot, Bard, has officially launched in Europe and Brazil as the company prepares to take on ChatGPT. The company announced in a Thursday...

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Meta Plans to Challenge EU Over Facebook Marketplace Abuse
Meta Plans to Challenge EU Over Facebook Marketplace Abuse
July 12, 2023  |  Meta

Meta plans to challenge antitrust accusations that the European Union has leveled against it. The EU alleged that Meta stifled competition from classified ad competitors by...

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14% of Small Businesses and Gig Workers Only Use Digital Banks
14% of Small Businesses and Gig Workers Only Use Digital Banks
July 12, 2023  |  Digital-First Banking

This next installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of digital-only banking. Traditional, brick-and-mortar banking through well-established...

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