Adyen lands UK banking authorisation from FCA and PRA
The company had previously been operating in the UK under the FCA’s Temporary Permissions Regime.
Compliance
FinTech Futures: Top five stories of the week – 8 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: GenTwo, Momnt, myZoi, Treyd, Firstcard & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Urban Angehrn steps down as CEO of FINMA
Current deputy CEO Birgit Rutishauser will assume the position of interim CEO from 1 October.
Geely Group buys out Saxo Bank stake in joint fintech venture
Saxo Fintech was launched in 2019 to bring Saxo’s tech solutions to FIs in Mainland China.
Israel’s ThetaRay secures $57m to accelerate global expansion
With the fresh investment, ThetaRay plans on expediting its international expansion “across continents”.
UK crypto fintech Altalix acquired by Clear Junction
Altalix was one of the first cryptoasset firms to be registered with the UK’s Financial Conduct Authority (FCA).
Complii Fintech Solutions acquires MIntegrity to reinforce regulatory offering
The acquisition includes an additional $150,000 payment dependent on MIntegrity’s financial performance.
Temenos Country Model Banks set for European expansion with Orion licence agreement
Orion is an implementation partner of Temenos, deploying core and digital banking solutions for its clients.
How the UK is making the fight against financial crime more connected than ever
The Economic Crime and Corporate Transparency Bill could revolutionise how the UK fights financial crime.
Heather Gantt-Evans joins Marqeta as chief information security officer
US Army Reserves veteran Gantt-Evans will lead the firm’s global corporate and product security strategies.
Payments giant Mastercard to end crypto card partnership with Binance
As of 22 September, Mastercard will be ending its four pilot co-branded Binance card programmes.
FinTech Futures: Top five stories of the week – 25 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Morgan Stanley hit with £5.41m fine after energy traders used WhatsApp to discuss market transactions
It is the first-ever electronic communication fine issued in Great Britain relating to trading energy products.
FinTech Founders Video: Anandhi Dhukaram, Esdha
Dr Anandhi Vivek Dhukaram PhD drops the advice she would give herself if she could go back to when she founded Esdha.
SEC hands fintech investment advisor Titan $850,000 penalty for misleading clients
The SEC says the fine should serve as “a warning for all advisers to ensure compliance”.
FullCircl reinforces compliance suite with W2 Global Data Solutions acquisition
Under the terms of the deal, W2 will now trade as ‘W2 by FullCircl’.
UK’s Financial Conduct Authority to step up protections for cash access
In the UK, 3.1 million adults use cash to pay “for everything or most things”.
FinTech Futures: Top five stories of the week – 18 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Webinar | 5 October 2023: Four must-haves for data governance in financial services
Evaluating painkillers and vitamins that drive data governance, and more, in this free webinar.
SEC brings the hatchet down on Wall Street’s bad recordkeeping with $289m in fines
The SEC has leveraged 30 enforcement actions to date against firms failing to comply with recordkeeping requirements.
US climate tech start-up Persefoni secures $50m in Series C-1 funding round
The company has now raised more than $150 million to date.
FCA asks UK banks to hand over data on bank account closures
The UK’s largest banks and building societies have until 25 August to supply the information.
UK fintech Paytrix appoints Joe Redmond as CEO of Ireland operations
Paytrix describes Redmond as a “heavyweight of Ireland’s financial services sector”.
FinTech Futures: Top five stories of the week – 11 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Chargeflow, Knot, Treasure Financial & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Italy’s government to tax banks on profits from interest rate rises
The Italian parliament has 60 days to bring the proposed tax into law.
FCA warns consumers against loan fee fraudsters amid rising summer borrowing
The average loss to loan fee fraud in the UK is £260.
TransferGo hit with €310,000 fine from Bank of Lithuania for AML failings
UAB TransferGo Lithuania has already submitted a plan to the central bank to remedy the deficiencies.
Klarpay names Markus Emödi as new chief legal and compliance officer and deputy CEO
Emödi has over 20 years of experience in compliance and risk management within the financial sector.
Revolut halts crypto services in the US citing “evolving regulatory environment”
From 3 October, access to crypto through Revolut will be fully disabled for US customers.
US insurtech start-up Lula raises $35.5m Series B funding
The insurtech previously raised $18 million in its Series A funding round of July 2021.
European Commission brings in Moody’s Analytics to help fight fraud
Moody’s Analytics’ Orbis database is set to strengthen the European Commission’s anti-fraud efforts.
Clearstream migrates regulatory reporting to Regnology’s Rcloud platform
Rcloud was the result of Regnology’s November 2022 partnership with Google Cloud.
Cambodia’s Wing Bank selects Ipification for mobile ID verification solution
The bank’s CEO says the new tech will “streamline the authentication process for Wing Bank app users”.
DFSA slaps $3m fine on Mirabaud for AML failings
Between June 2018 and October 2021, DFSA says it found weaknesses in Mirabaud’s AML systems and controls.
The FCA’s Consumer Duty clamps down on unfair savings rates
The regulator’s 14-point plan seeks fairer interest rates on UK savings accounts.
Principles, practices and persistence: the Consumer Duty deadline arrives
The regulation is set to completely transform the relationship between financial services firms and consumers.
FinTech Futures: Top five stories of the week – 28 July 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Germany’s N26 appoints new chief risk officer, Carina Kozole
Kozole, who will begin her new role later this year, has spent the last 17 years at UniCredit Group.
