UK court rules against Mastercard and Visa on interchange fees
CMSPI estimates maximum pay-out for UK merchants to be roughly £15.2bn.
Regulation
Amaiz appoints Francesca Dowling as their new head of compliance
Dowling has more than 20 years’ experience working in the regulatory field.
Deutsche Bank set to launch fourth e-FX hub in Singapore
The hub will be developed and staffed locally.
Muniy chooses HooYu for KYC and raises £200,000
The fintech says it will allow merchants to pay a lower transaction processing cost.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
Nuapay joins UK government payment acceptance scheme
Crown Commercial Services adds another open banking partner.
Managing compliance in an age of innovation
Dell Technologies and World Wide Technology discuss the technology challenges facing FIs.
Developing industry-wide standards on DLT security will lead to wider adoption
To develop industry standards, four things need to happen.
MAS launches $1.25m fintech challenge to tackle climate change & COVID-19
Up to 12 winners will be selected to receive in prize money.
EY sued over Wirecard audit after management board comes under investigation
German regulator alleges Wirecard gave “misleading signals” for its stock market price.
US and French regulators team up to ease fintech market entry
Both regions want to boost their statuses as financial technology hubs.
Why collaboration and partnerships will beat the fraudsters in open banking
It’s therefore important for banks to make sure they are dealing with legitimate and regulated TPPs.
US digital banking rules could change as OCC calls for input
But the regulator is not considering a national bank charter for fintechs.
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Santander deploys ThetaRay’s AML solution for correspondent banking
The roll out of ThetaRay’s solution across Santander began in Q4 2019.
Reserve Bank of Australia mulls payment cost change for merchants
Australian central bank examining the market in the wake of COVID-19
Euronext Corporate Services snaps up Finnish compliance firms
Ticker Software and Sidonnaisuusrekisteri.fi to sit under InsiderLog brand.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
What steps should merchants take to comply with SCA on time?
Merchants need to make sure they have implemented support for EMV 3DS.
E-book: The inevitable collision of identity proofing & authentication
How to achieve end-to-end identity verification and authentication in today’s digital world.
Getting reconciliation right in the “decade of data”
FinTech Futures sat with Douglas Greenwell, reconciliation expert at Duco.
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
Equifax and HooYu sign KYC and onboarding partnership
Equifax clients will be able to use HooYu UI and UX tools going forward.
Webinar: Balancing the IT compliance and innovation agendas in financial services
Join Dell Technologies, WWT and FinTech Futures on Thursday, 4 June.
India’s central bank says there are no curbs for banks to serve crypto traders
“No such prohibition exists” for banks, says regulator.
Contracts: a picture paints a thousand words
Visualisation is a growing trend within the enterprise space.
Strong customer authentication suffers another delay
Biometrics authentication is fast & easy to deploy, benefitting all stakeholders in an online payment transaction.
The Bancorp announces release from consent order
Restrictions related to growth within The Bancorp’s Payments businesses are removed.
OP Financial chooses Finnish fintech Enfuce for turn-key PSD2 services
The services will help develop APIs alongside evolving regulations.
Four EU banking bodies request one-year delay to T2-T2S consolidation
The consolidation is due to be completed in November 2021.
New digital business models depend on agile and adaptive compliance processes
Flexibility, rhythm, and simplification are vital in helping institutions survive and thrive in this riskier world.
E-book: Are you using the best approach to verify customer identities?
Safely onboard more customers, supercharge your operations team, address identity AML & KYC compliance.
Banks investigate sales push linked to corporate loans
Barclays, Deutsche, HSBC and Santander among lenders conducting internal reviews.
European regulators lift short-selling bans
Austrian, Belgian, Greek, French, Italian and Spanish regulators took a joint decision to lift the restrictions.
UK SME lender B-North adds TruNarrative to its tech stack
The two have been working together since early 2019.
COVID-19: Highlight of the week
We focus on one particular coronavirus news item affecting the fintech industry.
Chinese regulator preps for market clampdown
CSRC has promised a greater crackdown on fraud, insider trading and market manipulation.
Niche Global picks Volante to underpin European entry
Hong Kong payments firm plans market expansion with Volante.
Morgan Stanley pays $5m fine for misleading investing clients
The bank’s retail “wrap fee” programmes incurred non-transparent charges.
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
