Revolut to deploy BearingPoint regulatory reporting system
AnaCredit and EBA reporting covered by BearingPoint’s Abacus360.
Regulation
HSBC deploys industry first automated AML system
New software developed by AI firm Quantexa.
Australia orders audit of PayPal’s reporting compliance
The company reported itself following an internal review.
Sibos 2019: Cultural barriers need to fall to make cybersecurity more transparent
Banks need to go beyond ISO requirements, says Cramer.
Sibos 2019: SEB launches new environment-friendly product for Nordic SMBs
Th trend is shifting from last year’s focus on renewable energy.
BNG Bank heads to the cloud with Wolters Kluwer OneSumX
Dutch bank believes Wolters Kluwer was the “natural choice”.
Sibos 2019: Banks must improve data handling to root out financial crime
Applying AI needs to be done when data is set right, says panel
Sibos 2019: “Blockchain is not a magic wand,” says Euroclear
The panel agrees blockchain is not a ‘one size fits all’ solution.
Sibos 2019: “Digital transformation will happen quicker in LatAm than Europe”
McKinsey predicts “the spike” will hit soon.
Sibos 2019: Banks should stop waiting for political uncertainty to end, it won’t
Banks need to adapt to a permanently unstable status in politics.
National Bank of Canada chooses CGI’s All Payments platform
The bank is modernising its payments ecosystem.
FICO fights financial crime with Falcon X
A unified environment for the detection and investigation of both fraud and financial crimes.
Sibos 2019: Interconnection will mean more flash crashes in FX
“You ain’t seen nothing yet,” says UBS.
Latitude Financial preps $2.5bn IPO
It will be the largest IPO in the country since 2014.
France warns UK to avoid Brexit derivatives clash
AMF wants Britain to guard against potential for arbitrage opportunities.
Cappitech and Kaizen find firms are behind for SFTR implementation
Kaizen describes the figures as “somewhat concerning”.
FCA review finds investor happiness with MiFID II research unbundling
MiFID II is improving asset managers’ accountability over costs.
German blockchain strategy fires warning shot at Facebook’s Libra project
Germany vows to fight any efforts to issue parallel currencies.
CFPB puts Bank of America under fake accounts microscope
The regulator has been investigating BofA since March 2019.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
LexisNexis Risk Solutions says companies will struggle with upcoming 5MLD
The regulation follows from the Panama Papers leaks and crypto.
Research reveals Belgium issued 95% of AML fines in last four months
Authorities handed down three AML-related fines May, totaling to $336.7 million.
CFPB and state regulators launch US consumer network for fintech
The network will drive competition, consumer access and financial inclusion.
UK fintech PrePay Solutions gets Belgium e-money licence
The licence was secured in a bid to curb Brexit uncertainty.
Tax app untied receives authorisation from FCA
It can take full advantage of open banking.
SmartStream RDU launches SFTR security reference data service
Gathering data required under SFTR could prove to be a headache for most firms.
FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit
This includes ads about its FCA Brexit webpages and a dedicated phone line.
Facebook’s Libra seeks payment system licence from Swiss regulator
The association also submitted a request for a ruling to clarify its regulatory status.
New challenger bank Zenus picks NICE Actimize AML tech
The bank wants a cloud-focused financial crime strategy.
Xinja lands full Aussie banking licence
It is the country’s first independent neobank to receive a full licence and open accounts.
Delta Capita and DTCC Collaborate on SFTR Testing
Delta will make the test pack available to DTCC to test its own SFTR matching and reporting service prior to launch.
PRA grants Allica its banking licence
It’s now planning for a full launch and will ultimately offer working capital solutions and cash management.
Revolut withdraws banking licence application in Luxembourg
It needs regulatory approval from an EU27 state to maintain EU single market access post-Brexit.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Malta FSA supports local fintechs
A new general counsel will manage domestic financial legislation.
Swift launches new API standard for open banking innovation
Universal API standards will speed up open banking.
Hong Kong authority changes guidelines to boost fintech
Lenders can now use big data analysis to review applications.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Cyber landscape, threats and trends in financial services
Investment in emerging technologies is likely to be a key theme next year.
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
