Greece’s major banks cancel 15,000 cards after travel website breach
“A few dozen” customers had been charged with transactions they never made.
Regulation
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.
Financing fintech Sezzle blocked from making loans in California
The Minnesota fintech deemed to be making “unregulated loans”.
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
