Cybercrime in financial services: Work together to win the war
We need is a smart, flexible way of working together anticipate and respond to threats.
Regulation
BIS fintech report: More harmonised standards and less TPP reliance
BIS has published a cross-country review on the fintech regulatory landscape.
How AI can address the global sanctions challenge
Banks shouldn’t delay exploring an AI-powered approach to their existing screening processes.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
What Brexit Day means for the future of fintech
A collection of thoughts across the industry on what Brexit day means for them.
EXCLUSIVE: Drugs, defecation, and graffiti at HMRC’s Manchester headquarters
Government body aims to clamp down on “reprehensible” behaviour.
UK court orders Bitfinex to freeze $860,000 in bitcoin
Chainalysis traced the funds to a ransomware payment through Bitfinex’s platform.
FCA calls UK’s current overdraft market “dysfunctional”
The regulator is asking banks to explain their 39.99% rates.
Central Bank of Egypt pilots eKYC solution for financial inclusion
Egyptian regulator also plans internet banking overhaul.
UK’s PSR seeks input on New Payments Architecture competition issues
Regulator calls for comment ahead of 2021 launch.
FCA appoints Christopher Woolard as interim chief
Former head of strategy takes over from BoE-bound Andrew Bailey.
Finma fines Swiss bank CEO $752,000 for insider trading
The executive used covert deposit accounts under his wife’s name.
Bank of England seeks public cloud technology partner
Regulator looking into benefits of SaaS and PaaS.
Payments security: A year in review
Majority of the largest breaches to be reported in 2019 were caused by poor security protocols.
Turkey’s Halkbank could pay $1bn in fines for court absence
The bank is facing criminal charges for helping Iran evade US economic sanctions.
BMO to acquire Clearpool
The transaction is subject to receipt of required regulatory approvals & conditions.
Vodafone leaves Facebook’s Libra to focus on M-Pesa
M-Pesa is the telco’s digital payment service.
Central banks in Europe, Japan and Canada assess potential digital currencies
Central banks in Canada, the UK, Japan, Switzerland, and Sweden are teaming up.
Greece’s major banks cancel 15,000 cards after travel website breach
“A few dozen” customers had been charged with transactions they never made.
FCA admits it does not track frequency of funds that block investor withdrawals
The UK financial watchdog has been severely criticised for its lack of oversight of several funds.
A thousand EU financial firms plan to open UK offices after Brexit
EY estimates that around 7,000 positions would be relocated from London to Europe.
Equifax’s 2017 data breach will cost firm at least $1.38bn
$380.5m is for breach compensation, and $1 bn for information security overhaul.
The future of regtech is data-driven: How to stay ahead of the curve
There are no shortage of challenges that will need to be addressed through innovation.
UK regulators fire Libor warning shots as deadlines loom
The FCA and Bank of England tell industry the time to act is now.
Chinese regulators planning digital banking go-ahead
New set of rules could see a bevy of digital challengers in China.
EPA publishes guide promoting transparency for paytech account holders
Barclays, Natwest and Starling all took part.
Regtech: the new lifeblood of compliance
It changes the current compliance game for the better.
EBA underlines need for trust as industry adopts big data and analytics
European regulator observes that two-thirds of EU firms now producing big data services.
US and UK regulators take lead on AML fines for 2019
37 of the 58 fines were handed out by American and British regulators.
FCA stirs up competition for banks’ easy access saver accounts
FCA: Competition is not working well for 40 million British customers.
The Philippines set for first digital-only bank as Tonik gets green light
Tonik Financial will set up the island nation’s first online bank.
China drafts rules to tackle risky half a trillion financial leasing sector
Only 2,985 of the 10,900 leasing firms in China are active businesses.
Cautious optimism and a customer-first approach for financial services in the 2020s
Alessandro Tonchia gives his fintech predictions as we enter a new decade.
Signicat CEO: The internet has destroyed consumer trust
“On the internet, no one knows you’re a dog.”
ESMA issues final report on SFTR, tackles non-EU LEIs
European regulator posts final notice before SFTR’s April live date
Singapore’s digital bank licence race heats up with 21 bidders
Roughly 50 companies are involved in the bidding.
Bank of England and FCA plot internal data analytics shake-up
UK regulators outline plans to improve their data handling capabilities.
The extension of SCA: a sensible move or an unnecessary delay?
UK Finance notes more than 75% of merchants are unaware of SCA.
Goldman Sachs and Morgan Stanley facing BoE probe
The banks’ balance sheets are under the microscope.
Chinese regulator opens market access for foreign banks
CIRBC unveils rejigged rules to encourage foreign investment in Chinese market.
