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Wise pays $4.2m for AML breaches in US settlement

California’s Department of Financial Protection and Innovation has joined five other state regulators in a $4.2m multistate enforcement action against Wise, for breaches of...

BoE tests AI to detect novel fraud in real time

The Bank of England (BoE), in collaboration with the BIS Innovation Hub in London, has conducted a pioneering experiment using AI to detect fraud in retail payment systems.

Nearly half of European banks expect interest losses from SEPA Instant...

As the EU’s SEPA Instant Payments Regulation nears enforcement in October 2025, European banks are preparing for a seismic shift that will see euro...

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