HPS to provide QR-based payments system in Saudi Arabia
Payments firm tapped up by Saudi Arabia’s Monetary Authority.
Regulation
Banks test disaster recovery sites and send staff home amid coronavirus
Senior bank execs are concerned about broadband capacity at their employees’ homes.
Meet Equifax’s data privacy partner since 2018
FinTech Futures speaks to Active Navigation’s chief revenue officer Dean Gonsowski.
Financial regulators address the economic & operational effects of COVID-19
Regulators across the globe issue statements addressing coronavirus precautionary measures.
Nationwide picks AutoRek for reconciliation and data management
AutoRek to help Nationwide “face into the future.”
Starling Bank looks to Irish banking licence for European expansion
The challenger bank has been aiming for an Irish licence since last year.
Broadridge completes FundsLibrary acquisition
Regtech firm to be incorporated into Broadridge FundAssist.
Bank of Japan governor calls for digital currency caution
Masayoshi Amamiya warns central banks not to “jump immediately.”
FCA data leak branded “embarrassment”, former CEO called for review
Regulator’s former CEO Andrew Bailey called out for “tsunami of failure”.
Banking Circle nabs first banking licence from Luxembourg regulators
Banking Circle’s operation centers in the UK, Germany and Denmark will turn into bank branches.
Malaysia’s biggest telco Axiata reveals plans to bag digital banking license
The country’s central bank announced its plans in December to issue up to five licences.
Wells Fargo agrees to pay $3bn fine for fraudulent account furore
US bank agrees to pay hefty settlement fine on ongoing probe.
Sogexia nabs Luxembourg licence, starts migrating 180k UK customers
Neobank mitigates Brexit impact with new EU payment licence.
Central bank of Brazil plans launch of QR-based instant payments system PIX
All banks with more than 500,000 customers will have to use the new system.
Australia’s regulator flags new internal bank stress-testing framework
APRA will consult the industry on the development of the framework in H2 2020.
A look ahead to strong customer authentication
It’s vital that we use the year ahead to invest in long-term consumer testing.
Lloyds profits drop as PPI legacy takes its toll
The bank has eight times more than expected for PPI claims.
EU report omits Big Tech GDPR decision, Google moves UK data to US
UK users’ data stored by Google is no longer under GDPR laws.
Taking chances: An interview with Chuka Ikele, legal counsel at CrossLend
Drawing connections between the correlation of law and finance.
FCA: Innovative fintech entrants putting some customers at risk
UK watchdog warns of customer risk exposure from flashy fintech firms.
Moneybarn hit with £32.8m bill for not helping indebted customers
The firm did not treat customers fairly who had fallen into debt over a three year period.
GCC Capital AB picks BearingPoint for EBA reporting requirements
Swedish lending firm to deploy Abacus360 system on an outsourced basis.
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
European Commission warns eight countries over late AML laws
Countries include Cyprus, the Netherlands, Portugal, and Spain.
FinovateEurope: Yolt chief exec muses API quality determining account switches
This would be “a nice end point for open banking”, he says.
Fenergo gains $80m investment from ABN Amro, DXC Technology
Fenergo aims to expand its product portfolio following new injection.
Mastercard granted entry to Chinese payments market
People’s Bank of China gives Mastercard a green light.
Pay.UK consults industry on NPA standards
The consultation relates to the use of ISO 20022.
Banks’ compliance heads trapped between regulations and cutbacks
Governor Software CEO says investment in compliance technology is crucial.
PSD2 turns two: Where do we go from here?
Break out the birthday cake as the Second Payments Directive (PSD2) just turned two!
Why Payments-as-a-Service is the first choice for FIs
More financial institutions are choosing to outsource their mission-critical payments infrastructure.
Hot-seat with Sanat Rao, CBO and global head at Infosys Finacle
He talks about workforce and culture transformation, RPAs, open banking and more.
More change at the top for the Financial Conduct Authority
Two non-executive directors join the FCA board.
German government proposes digital law over competition fears
The proposed clampdown targets anti-competitive behaviour by digital platforms.
ESMA postpones CSDR settlement discipline regime
EU regulator gives market six more months to prepare.
RBS neobank Bó reissues cards due to authentication issue
The post cites “new” regulations which came into force last September.
European Central Bank to launch AI hackathon
ECB wants to explore how AI could help supervisory data collection.
PayPal users lose £1m to fraudsters posing as buyers
A total of 3,059 crime reports were submitted to Action Fraud regarding the scam.
Video: Intellect Design Arena at MoneyLive London – an age of open infrastructure
Banesh Prabhu talks on FinTech Futures about open banking, legacy tech and CX.
Neobank for UK farmers Oxbury lands licence and launches Series C
Its flagship offering ‘Oxbury Farm Credit’ will roll out later this year.
