Singapore and UAE conduct first cross-border digital trade document transfer
Singapore’s TradeTrust enables counterparties and banks to validate documents digitally.
Regulation
ClearBank partners SME bank Recognise to provide Confirmation of Payee
CoP dramatically reduces the risk of fraud, says ClearBank CEO.
Aiimi wins £1.3m data analytics contract with FCA
Milton Keynes-based data firm wins regulator contract running until April 2024.
ID verification firm Socure valued at $4.5bn following $450m Series E round
The fintech plans to use the cash to develop new products, enter new markets and hire more staff.
What the FinTech? | S.2 Episode 23 | An alternative approach to data
Marina Goche, chief executive officer at Sentifi, joins us on this week’s episode of the What the FinTech? podcast.
The fintech SPAC boom: could London be next?
The FCA has made changes to promote investor protection and make SPAC deals more accessible in the UK.
Climate tech SaaS start-up Persefoni raises $101m in Series B round
Carbon footprint calculator Persefoni wants to be the first “ERP for carbon data”.
GB Bank secures restricted banking licence to focus on property and construction
New challenger bank plans to focus on the north of the UK and plans a large loan book.
UK Autumn Budget 2021: What does it mean for fintech?
Rishi Sunak announced an update to his spending plans this week. FinTech Futures seeks out the fintech benefit.
Al Rayan Bank taps TruNarrative to cover KYC and onboarding
UK Islamic Bank seeks revamp to regulatory reporting as part of ongoing digital change.
FCA launches education campaign targeting inexperienced investors
InvestSmart aims to address new investors driven by competition and influenced by hype.
Arival Bank lands banking licence in Puerto Rico
Arival plans to provide services to international software firms and underbanked businesses.
BNPL: The now and the later
How can the BNPL industry do more to protect consumers and help the world we live in?
The law of unintended consequences
I’ve been spending a lot of time thinking about programmable money. And this stuff scares me.
CFTC hits Tether with $41m fine for ‘misleading’ stablecoin claims
US regulator says Tether only backed by reserves for six and a half months between 2016 and 2018.
Goldman Sachs gets green light for total ownership of Chinese venture
Goldman becomes the second US bank to buy out its Chinese mainland joint venture partner.
Why PostgreSQL meets fintech database demands
How to get the best out of your database and to ensure your PostgreSQL deployment is stable, secure, and performant.
FCA staff seek independent union following pay dispute
Trade union Unite says its numbers have swelled following “growing disenchantment” from FCA staff.
Sibos 2021: Mark Carney urges collective action on climate change
Former governor of the Bank of England gave an optimistic closing keynote at Sibos 2021.
UK contactless payment limit rises from £45 to £100
Some call for customer-set limits as contactless becomes more regular among users.
Sibos 2021: Banks must work together to make the most of CBDCs, says panel
Panel says interoperability of CBDCs is necessary to avoid inefficiencies and poor outcomes.
Sibos 2021: BIAN releases upgraded digital core banking platform
The Coreless Bank platform is designed to help firms modernise their core banking infrastructure.
Sibos 2021: ISO 20022 “isn’t the solution to all your problems”, says panel
Payments panel at industry conference cautions sector about incoming standard.
VoxSmart acquires speech recognition platform GreenKey
Firm aims to bolster its communications surveillance offering for financial institutions.
Daily News at Sibos 2021
Download your free copy of the Sibos supplement today!
NatWest pleads guilty to £365m money laundering failure
UK bank faces rare criminal proceedings in December.
Regulate or ban: EU’s proposed AI credit scoring framework hears feedback
The EU has been receiving recommendations on its proposed Artificial Intelligence Act.
Coastal Community Bank picks Finzly to modernise payments processes
Coastal Community Bank has more than $2 billion in assets under management.
Privacy-focused data collaboration platform Duality raises $30m
Duality will invest further in privacy-preserving machine learning technologies.
NatWest chair warns against “gambling” with cryptocurrency
Sir Howard Davies says the “damned stuff” should be banned.
Fraud prevention platform Alloy hits unicorn status with $100m investment
Investment will go towards building out an evolving customer identity profile offering.
Monzo withdraws US licence application after two years of negotiation
UK challenger bank to refocus its business after aborted US entry.
UK sanctions enforcement: fintech in the spotlight
Fintechs cannot afford to neglect sanctions compliance and should ensure they understand their obligations.
EBF head calls for EU banking regulation reform to compete with US
Santander’s Ana Botín also calls for further banking integration across the bloc.
Sopra Banking Software acquires asset risk management provider Luminosity
Sopra says the acquisition will complement its software financing platform.
ComplyAdvantage tapped by Hampshire Trust Bank for AML solution
RegTech’s AI-driven financial crime solutions will protect HTB at a time of rapid growth.
Swiss crypto institution SEBA Bank granted collective investment scheme licence
The granting of the CISA licence to a digital asset-focused bank is the first in Switzerland.
Bahrain’s Bank ABC taps Fenergo for client management solution
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
Aberdeen Report: Customer operations in financial services – how to maximise client value and optimise efficiency
The findings from the survey of 218 financial firms, highlighting best in class customer operation programmes.
Western Union taps Salt Edge for European digital bank pilot
Salt Edge’s software will ensure the firm’s upcoming digital banking pilot is PSD2 compliant.
