Anadolubank Nederland pens five-year deal with Worldline for cloud-based instant payments solution
Worldline’s solution will ensure the bank’s compliance with new EU instant payments regulations.
Compliance
ICYMI fintech funding round-up: Loop, Primary, Sitewire, Savr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK regtech Novatus Global lands new $40m growth investment for US expansion
The investment builds upon the £4 million the regtech secured from Maven Capital Partners in 2022.
FinTech Futures: Top five news stories of the week – 13 September 2024
Our pick of the top fintech news stories this week includes UniCredit, Westpac, Mastercard and more.
US regulator OCC orders Wells Fargo to shore up AML and risk management procedures
The OCC has barred Wells Fargo from expanding into medium-to-high risk products and geographies without prior approval.
The Bank of London bags £42m funding round after reportedly being hit with HMRC winding-up petition
HMRC issues winding-up petitions when a company can’t pay its debts.
LLM-powered compliance platform Sedric AI secures $18.5m Series A
Amex Ventures joined the round as a new investor.
ISO 20022: The clock is ticking, so get ready
There’s no time like the present to ensure that you’re ready for the arrival of ISO 20022.
Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing
The bank will implement its new partner’s ClearTrade technology from this month.
EU financial services analytics maturity report
Explore how EU financial services can balance analytics innovation with customer privacy in this free report.
Tarabut buys A2A payments platform Vyne
Tarabut says the move will enable it to bring “A2A payment capabilities to the Middle East”.
ICYMI fintech funding round-up: Skydo, Finora Bank, Okredo, Parfin, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
UFS purchases Safe Systems to bolster compliance and security services
The combined companies currently service just under 400 financial institutions.
Pennsylvania’s Customers Bancorp hit with enforcement action by US Federal Reserve
The enforcement action follows a recent inspection and does not include a fine.
Video: Harnessing AI in financial services with IBM
IBM’s Shanker Ramamurthy and John Duigenan discuss how to overcome the hurdles around AI adoption.
White paper: Beyond the basics – exploring trends shaping AML compliance in 2024
What controls UK businesses should put in place to effectively prevent money laundering and other financial crime.
Bitpanda selects Solaris KYC solution for onboarding in Germany
Bankident will “enable our customers to start trading within minutes”, says Bitpanda’s Maik Brodowski.
Texas-based TransPecos Banks selects Oscilar’s risk management tech for BaaS compliance
Oscilar has been tapped by the bank for its AI-driven AML Risk Platform solution.
Caribbean-based Proven Bank taps Ireland’s Fenergo for transaction monitoring solution
Fenergo says its solution is designed to reduce false positives and automate manual AML processes.
Qonto receives order from Banca d’Italia to improve AML measures in its Italian subsidiary
The firm says the order includes a temporary ban on onboarding new customers in Italy.
Video: Keyless co-founder Fabian Eberle discusses privacy-preserving biometrics
Keyless’ Fabian Eberle speaks with FinTech Futures about the growing adoption of privacy-preserving biometrics.
Bank of Lithuania appoints “temporary representative” to oversee activities of payments fintech Kevin
The central bank alleges that the fintech is “almost four months late” in submitting its audited annual accounts.
Coinbase’s CB Payments unit fined £3.5m by FCA
The FCA claims CBPL breached a requirement that prevented it from offering services to “high-risk customers”.
Stripe buys US paytech start-up Lemon Squeezy
Lemon Squeezy has been processing payments on Stripe since its launch in 2021.
UK’s CMA says Lloyds Bank, TSB, AIB and HSBC breached Retail Banking Order
The CMA will continue to monitor the compliance of the four banks.
Corlytics hires new CTO, chief data officer and chief tech architect
Former AQMetrics exec Steve Barnes has been named as the group’s new chief technology officer.
Video: Allica Bank at Money20/20 Europe – Compliance and the profit paradigm
Allica Bank’s Mitch Trehan discusses the key drivers behind the bank’s latest revenue growth.
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Fourteen banks and building societies are set to implement the new cash access system.
FCA lifts partner onboarding restrictions on UK fintech Modulr
Modulr can now resume onboarding A&D partners but must inform the FCA when doing so.
Former Affirm VP Sibongile Ngako joins US fintech Brex as chief compliance officer
Ngako will lead the compliance programme at Brex and expand its risk-mitigating frameworks.
US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Green Dot has been anticipating the arrival of the consent order since February.
Video: Griffin at Money20/20 Europe – From licence to longevity
Griffin CEO David Jarvis discusses the bank’s licensing journey and what’s next in store.
Covering the exposed: The effects of the FCA’s PEP review on financial compliance
The FCA is set to publish its review of the treatment of politically exposed persons (PEPs) this month.
US regulators fine Citigroup $136m for “insufficient progress” towards compliance with 2020 consent order
The OCC and the Federal Reserve Board have fined Citigroup $75 million and $60.6 million, respectively.
Daiwa Capital Markets Europe selects Delta Capita for CLM solution
Delta Capita previously purchased LSEG’s CLM compliance solution, Client On-Boarding, in April.
Azqore selects Volante Technologies’ PaaS tech for SEPA instant payments
Azqore previously selected Volante to accelerate its ISO 20022 adoption programme in 2022.
How DORA is fortifying Europe’s financial future with a new take on operational resilience
With the DORA deadline fast approaching, FinTech Futures examines its expected impact on financial services.
Paxos secures Singapore MPI licence and DBS Bank partnership for stablecoin issuance
Singapore becomes the third market worldwide where Paxos is licenced to issue stablecoins.
Fintel snaps up Threesixty from Abrdn in £14.6m deal
Threesixty will remain an independent business, maintaining its own offerings and pricing in the market.
US FDIC issues consent order to Thread Bank
The consent order, effective 21 May, mandates Thread Bank to enhance its oversight of its BaaS programme.
