FCA boosts data strategy with new executive hires
Stephanie Cohen, Jessica Rusu, Sarah Pritchard, and Emily Sheppard all join the watchdog.
Regulation
US Federal Reserve’s payment system down for more than three hours
Both Fedwire and FedDACH went down this week, and remained so for a few hours.
Bank of England governor brands EU relocation wishes a “very serious escalation”
The EU granted the UK temporary equivalence last September for derivatives clearing.
India’s central bank to stop digital platforms from storing card details
It will affect players as large as Amazon, Google, and Flipkart.
What did the GameStop saga expose about UK trading regulation?
FinTech Futures unpacks the FCA’s published response to trading restrictions on 29 January.
US corporate card provider Brex applies for banking licence in Utah
SVB’s former chief digital officer Bruce Wallace will head up Brex Bank.
The operational imperative for intraday liquidity management
Intraday liquidity management is not a regulatory tick-box but a vital part of banks’ business as usual operations.
GameStop trader Deep F—ing Value, a licensed broker, sued for “fake persona”
The lawsuit accuses Gill of “deceitful and manipulative conduct”.
Learning to safeguard vulnerable customers in a digital world
What’s needed is an industry-wide effort to stamp out poor practice and make services inclusive.
FDIC appoints Neocova’s Sultan Meghji as first chief innovation officer
The US agency is aiming to boost innovation among banks and credit unions.
Yolt Technology Services lands UK PSD2 licence
The fintech will no longer rely on ING’s licence.
US federal agencies probe Amex’s SME and consumer cards sales practices
Several US federal agencies are probing American Express, according to a regulatory filing.
Regtech insights from Accuity
Featuring Dalbir Sahota, VP Bankers Almanac KYC at Accuity.
Banking Technology February 2021 issue out now
The roaring 20s.
Singapore’s central bank reviews BNPL regulation over debt fears
The MAS wants to ensure regulations are “risk-proportionate”.
United Fintech announces acquisition of German regtech TTMzero
UK scale-up has taken 25% stake with a view to nabbing 80% soon.
New direction, same destination for ISO 20022
Despite the extra time, there is little scope for market participants to relax.
EXCLUSIVE: Wirex users hit by unexplained account restrictions and “disappearing” funds
A growing number of customers are fleeing Wirex.
Ant plans for IPO as it reaches restructure deal with regulators
Ant has until November 2021 to register a new financial holding.
Anglo-Gulf Trade Bank signs for Fenergo client lifecycle tech
UAE-based bank picks vendor to aid its onboarding processes.
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
Cashplus lands full banking licence after 15 years as an EMI
The ability to lend on its deposits pits Cashplus directly against Starling.
Video: Remote onboarding – how banks are evolving and changing the game
Featuring Jumio’s Dean Nicolls, Fintrail’s Robert Evans, and banking consultant Neil O’Brien.
Ripple faces a new class-action lawsuit in Florida over unregistered XRP sales
Ripple has maintained that XRP is not a security and has vowed to fight the SEC charges.
The 2020s: how the way we pay will change forever
Consumers started to move from contactless to contact-free in 2020.
What’s in store for financial services in 2021?
A look at what the rest of this year might have in store for the world of financial services and fintech.
Rhino raises $95m to support US renters
US-based insurtech believes the industry is set for “explosive growth”.
Online brokers halt GameStop trades as SEC investigates
The SEC is “actively monitoring” the “ongoing market volatility”.
2021 fintech predictions
Staring into the crystal ball for signs of what we could see over the course of the year from the industry.
Why the financial industry needs Redis Enterprise
Use cases in risk modelling, apps for banking and brokerage, and solutions for buy-side institutions.
ECB launches climate change unit
The central bank has previously been criticised over its bond purchasing.
Chris Brummer in line for CFTC chairman role as Tarbert steps down
President Biden’s reshuffle of regulatory top jobs continues.
Video: Top fintech stories this week – 22 January 2021
FinTech Futures’ weekly news round-up.
SimCorp SFTR solution goes live at Denmark’s ATP
Danish pensions fund goes live in time for the third phase of SFTR.
Three new security strategies for financial services
Continuous compliance remains a challenge because many organisations lack contextual data.
SWBC picks Finicity Pay to meet new ACH requirements
Account verification needs a boost under new Nacha rules.
Biden reshuffles US financial regulators to reign in corporates
Consumer protection fines against financial corporates have declined under Trump.
Ant sets up working group to overcome Chinese regulatory requirements
Companies like Ant have until November 2021 to register a new financial holding.
Understanding the three key trends in SME banking for 2021
The pandemic has accelerated digital transformation in banks’ lending platforms.
Video: Top fintech stories this week – 15 January 2021
FinTech Futures’ weekly news round-up.
