TSB Bank fined £10.9m by FCA over handling of customers facing financial difficulty
The fine follows an independent review commissioned by the FCA in July 2020.
Regulation
Sibos 2024: The future of sustainable finance – opportunities, challenges, and the road ahead
Sustainable finance is no longer an optional add-on for banks—it is central to their future competitiveness.
What the FinTech? | S.5 Episode 17 | The growth of BNPL and the future of credit reporting
In this episode of the podcast, we’re joined by Liz Pagel, SVP and Consumer Lending Business Leader at TransUnion.
UK’s PSR mandates “guaranteed minimum level of protection” against APP scams
The provisions will enable consumers to receive faster reimbursements in cases of APP scams.
Polish mobile payment system BLIK receives authorisation in Romania
BLIK will now facilitate transactions in the national currency and be available to all authorised Romanian PSPs.
Global survey report: Privacy in practice 2024
1,300+ data privacy professionals share their views on the pertinent topics in this free global research report.
FCA fines Starling Bank £29m for sanctions screening failures
Starling was found to have opened over 54,000 accounts for high-risk customers.
Sibos 2024: 24/7 payments processing: the road ahead
In today’s world, the economy runs 24/7. Our payments ecosystem needs to keep pace. But is it succeeding?
Karl Mattson named Endor Labs’ first chief information security officer
Mattson previously held the CISO position at Noname Security.
FinTech Futures: Top five news stories of the week – 27 September 2024
Our pick of the top fintech news stories this week includes BNP Paribas, Visa, Solaris and more.
US Department of Justice files civil antitrust lawsuit against Visa
The DOJ alleges that Visa “illegally maintains a monopoly over debit network markets”.
What the FinTech? | S.5 Episode 16 | The future of Web3 technology in financial services
In this podcast episode, we chat with author and financial services executive Rita Martins.
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.
Revolut reportedly applies for EMI licence with UAE central bank
Bloomberg reports that Revolut’s ambition is to eventually apply for a full banking licence in the UAE.
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.
EU financial services analytics maturity report
Explore how EU financial services can balance analytics innovation with customer privacy in this free report.
Fintech funding in 2024: How to stand out from the crowd
Securing investment has become increasingly challenging for fintechs globally.
Demystify Podcast: Demystifying fintech in the Middle East and Africa with Said Murad of Global Ventures
In this podcast episode, Dave and Dharm chat with Said Murad, Senior Partner at Global Ventures.
August 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in August.
What the FinTech? | S.5 Episode 14 | Investment trends and the future of UK fintech
In this podcast episode, we chat with Innovate Finance CEO Janine Hirt about what’s next for UK fintech under Labour.
MAS to commence quantum-proofing cybersecurity trials with banks “in the coming months”
DBS, HSBC, OCBC, UOB, SPTel and SpeQtral are all set to take part.
The greatest story never told
I suspect it is inevitable that a bit of a rethink around open banking will have to happen.
Banking Tech Awards 2024 nominations deadline extended to 6 September
You now have until 6 September to submit your nominations for this year’s Banking Tech Awards!
French paytech Lemonway has “certain limitations” placed on its operations in Italy by Banca d’Italia
Lemonway says the Italian central bank has told it to “not engage new Italian partners”.
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.
DORA the explorer travels light
Things are only going to get faster and more demanding. So travel light, because you need to go far.
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.
Nuvei set to obtain licence in Brazil with proposed acquisition of Pay2All
The proposed acquisition will enable Nuvei to operate in Brazil as an electronic currency issuer.
Bank of England launches discussion paper on “ambitious agenda” for UK’s payments landscape
The public have until 31 October 2024 to submit feedback on the paper.
July 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in July.
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”.
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.
UK embedded finance provider Weavr lands EMI licence in Malta
Weavr aims to leverage the licence to deliver “the most comprehensive domiciled IBAN offering in Europe”.
FinTech Futures: Top five news stories of the week – 26 July 2024
Our pick of the top fintech news stories this week includes Revolut, UniCredit, Modulr and more.
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.
Revolut secures UK banking licence with restrictions, enters mobilisation stage
Revolut has been in pursuit of a UK banking licence since 2021, when it first lodged its application with the PRA.
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.
What the FinTech? | S.5 Episode 12 | The emerging technologies driving innovation in payments
In this podcast episode, we chat with George Maddaloni, CTO of Operations at payments giant Mastercard.
