Financing fintech Sezzle blocked from making loans in California
The Minnesota fintech deemed to be making “unregulated loans”.
Regulation
The California Consumer Privacy Act kicks in
And it doesn’t look like anyone, even the state of California itself, is totally ready.
China suspends London-Shanghai exchange partnership
The rumoured order comes amid rising political tensions.
Better serve your customers by focusing on your employees
This isn’t a question of profit or people, but rather people in order to profit.
BoE’s Carney says finance is too slow on tackling climate change issues
Carney is due to become the United Nations’ special envoy for climate change.
Razer Fintech, Grab and Singtel bid for Singapore digital banking licence
There are only five of the new licences up for grabs.
ISO 20022: stepping in the right direction
Market participants should assess the impending transformation and work on action plans.
PSD2 in 2019: A year of yet more delays
Ultimately, PSD2 promises to transform the financial services payments landscape, but when?
2019’s largest regulatory fines
The biggest charges levied by regulators this year, summarised for you.
Australia delay open banking regulation by six months over cybersecurity concerns
Banks are “extremely concerned about cybersecurity”, says ACCC.
Signing up to the future
A legal evangelist explains why she expects the future of contracts to be autonomous.
How the Grinch stole my identity: Three tips for fraud prevention this Christmas
As many as 8% of US consumers are affected by identity fraud at Christmas time.
Financial Stability Board warns of bigtech banking risk
Tech firms’ relationship with finance could create instability, says FSB.
FCA launches call for input on open finance future
UK regulator wants industry input on next steps.
7 fintech and financial services trends for 2020
“This decade has seen rapid growth in the fintech industry, and the next is sure to be no different.”
Supplement: the 2019 fintech review
Ruby Hinchliffe dissects her top five 2019 fintech trends from this year’s top stories!
PayPal sues US regulator over its “misleading” digital wallet rules
PayPal wants the Consumer Financial Protection Bureau (CFPB) to change its rules.
ECB vice president mulls cross-border bank mergers
Combinations would help banks avoid low profitability, says Luis de Guindos
Basel Committee on Banking Supervision seeks input on crypto-asset regulation
Global supervisory body wants to ensure banks’ involvement is low-risk.
Finovate: fraud prevention, cybersecurity and regtech
The eMagazine features unique insights from the FinovateAsia and Middle East shows.
Bank of Lithuania opens up reporting API tests to three local fintechs
ConnectPay, Interpaylink and Paysolut will all be part of the regtech sandbox.
AxiomSL joins Temenos MarketPlace
Vendor will place its ControllerView solution on the Temenos catalogue.
The time has come to make Open Banking evolve into open finance
The whole financial world must evolve decisively and with openness when approaching and preparing for innovation.
Banking Technology December 2019 / January 2020 issue out now
A year in review.
EBA publishes sustainable finance action plan
EU regulator seeks early action on green investment.
FDIC seeks comment on rulemaking process
US agency looking to get feedback on its regulatory actions.
Trulioo opens GlobalGateway to Nigeria and Ghana
Nigeria & Ghana have taken significant steps toward increasing access to digitisation.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
UK firms struggling to meet Mifid II reporting requirements
A fifth of investment firms are failing to report properly.
FCA hands out record level of fines in 2019
UK watchdog has handed out £391 million in fines so far in 2019.
UK regulators take aim at banks’ IT failures
The FCA, PRA and Bank of England have published a paper on operational resilience
Finra selects Amazon Web Services to power CAT processing
The regulator has selected a bevy of Amazon solutions.
Appian Europe 2019: KPMG says banks’ digital literacy is “very low”
KPMG says 80% of bank employees don’t know what unstructured data is.
BCBS: Bank supervisors must pay greater attention to APIs and open banking risks
Open banking comes with benefits to banks but also various challenges.
Legal & General outsources more of its investment arm to Charles River
The firm is moving closer to a centralised, cloud-based platform.
CMFG Ventures hands BankBI Series A investment to tap US market
BankBi will use CMFG Ventures’ US credit union connections.
Westpac hires familiar tech partner IBM to probe its AML bust up
Westpac has been using IBM’s infrastructure since the 1990s.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Dubai regulators sign fintech agreement with Luxembourg commission
The two countries build on a previous deal inked in 2007.
IMF to put Nordic banks’ AML controls under microscope
International regulator investigates banks’ alleged failings.
