As financial institutions grapple with increasing regulatory complexity and a shortage of compliance talent, the role of AI in transforming compliance operations has never been more critical. In this exclusive Q&A, The Green Sheet checks in with Niall Twomey, chief technology officer at Fenergo, about how AI and automation are reshaping compliance frameworks—from bridging the talent gap and accelerating onboarding to enabling proactive risk management and ensuring regulatory alignment.

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In case you're still wondering whether buy now pay later (BNPL) has feet, the answer is yes, and it's racing to capture significant market share in the payments space. Stockholm-based Klarna just sealed a deal with DoorDash.

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The Northeast Acquirers Association celebrated its 40th anniversary this year, with a conference in Atlantic City. The conference was chock full of educational sessions, networking opportunities, and an exhibit hall brimming with innovative products and services.

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A massive fire at the North Hyde electrical substation in Hayes, West London, late Wednesday night plunged Heathrow Airport into darkness and chaos, forcing a full closure of Europe's busiest aviation hub.

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In a strategic move poised to reshape the retail financing landscape, Klarna, the Swedish buy-now-pay-later (BNPL) giant, entered into an exclusive partnership with OnePay to provide installment loans for Walmart shoppers across the United States.

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Lawmakers are intent on having President Trump make good on his promise to push for a 10 percent cap on the annual percentage rates credit card issuers assess on outstanding balances. But groups representing card issuers are having nothing of it.

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Financial exclusion continues to be a significant challenge worldwide, preventing millions from accessing the financial tools they need to build stable, secure lives. While fintech has the potential to break down barriers and create more inclusive opportunities, not every company in the space is truly working for the greater good, noted Gregor Mowat, co-CEO and co-founder of Loqbox, a credit-building specialist in the UK.

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Digital payments grew nearly 11-fold between 2014 and 2024, while cash usage dropped like a rock. According to the 10th edition of the Worldpay Global Payments Report, digital payment options such as account-to-account transfers, buy now pay later, cryptocurrencies and digital wallets totaled $18.7 trillion last year, compared to $1.7 trillion in 2014.

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In a significant regulatory shift, the UK government disclosed plans to abolish the Payment Systems Regulator as an independent body, folding its responsibilities into the Financial Conduct Authority (FCA). The move, aimed at reducing regulatory complexity and boosting economic growth, sparked a mix of optimism and concern within the financial sector.

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Senator Richard Blumenthal, D-Conn., is raising questions about a deal struck between Visa and X, the social media platform previously known as Twitter. Sen. Blumenthal's questions primarily center on X's owner, Elon Musk, and the role he has played in gutting the Consumer Financial Protection Bureau in his capacity as head of the Department of Government Efficiency (DOGE).

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A pair of resolutions pending in the U.S. House and Senate would put a stop to the Consumer Financial Protection Bureau's oversight of digital payment apps. Congressional resolutions are not the same as legislation, they simply express the sentiments of lawmakers. However, they can become law if passed by both the House and Senate and signed by the President.

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VoPay, a provider of embedded payment solutions, launched its AI-powered API GPT Assistant, which is designed to streamline financial technology integration for developers.

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The fastest growing contactless payment solution, at least in Visa's world, is Tap to Phone. The card company just announced that Tap to Phone saw a 200 percent increase year-over-year, supporting sellers of all sizes around the globe. The most significant growth was in the United States, the U.K. and Brazil, where adoption rates surged at a combined rate of 234 percent.

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As businesses grow and evolve, consolidating multiple payment systems is often a necessary step to streamline operations, reduce costs and enhance customer experience. However, without a strategic approach, consolidation can introduce unexpected challenges. In this Q&A, Kyle Ouzts, director of partnerships at PayJunction, shares insights on the most common hurdles businesses face when merging payment systems, the hidden costs to watch for, and how automation and real-time insights can optimize financial management.

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