Latest Amazon News: Finextra Research

Visa, Mastercard, JP Morgan, Citi among companies to attend US AI Safety Consortium

As part of the Biden Administrations efforts to regulate AI, over 200 organisations have agree to attend the US AI Safety Institute Consortium (AISIC), including Nvidia, OpenAI, Apple, JP Morgan, and Amazon.

09 February 2024

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RBI fines Amazon Pay over KYC non-compliance

India's central bank has fined Amazon Pay around $375,000 for non-compliance with pre-paid payment instruments and KYC rules.

03 March 2023

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UK communications watchdog launches cloud competition probe

Ofcom has announced its probe into cloud service providers Amazon, Microsoft and Google. The investigation will look into these providers, which generate around 81% of revenues in UK public cloud, to ensure the market is working properly and not limiting innovation or growth.

23 September 2022

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Major tech antitrust bill advanced by US Senate vote

The Senate Judiciary Committee voted 16-6 this week to advance a major tech competition bill, says CNBC.

21 January 2022

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US consumer watchdog probes Big Tech's use of payment data

The US Consumer Financial Protection Bureau (CFPB) has ordered Amazon, Apple, Facebook, and Google to hand over information on their payment system plans so that it can see how they gather and use customer data.

21 October 2021

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Barclays, HSBC, Lloyds and others hit by major DNS outage

Late Thursday afternoon Akamai reported a problem with its Edge DNS service, resulting in outages at thousands of websites.

22 July 2021

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A treasurer’s best practice guide to global payment integration

Corporate business success stories can only be achieved if treasury professionals are keenly aware of the payment options, innovations and regulatory changes that are, can and will impact financial operations.

21 October 2019

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Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

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US payments giants struggle to meet Indian data storage deadline

Visa, Mastercard, American Express, PayPal and Amazon all look to have failed to meet the deadline to comply with new rules that require information about transactions in India to be stored in the country.

16 October 2018

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Amazon talks to banks over checking account - WSJ

Amazon has begun talking to banks, including JPMorgan Chase and Capital One, about developing a checking account-style product for its millions of customers, according to the Wall Street Journal.

05 March 2018

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