Bank of England responds to Future of Finance report
It features five key action plans to meet the needs of the digital age.
It features five key action plans to meet the needs of the digital age.
The tool has been in development for two years.
Konsentus will provide Moneyou with third party provider (TPP) identity & regulatory checking.
Banks and corporates sometimes struggle accessing the Faster Payments Scheme.
Single market access is scheduled from November 2021, with the ECB overseeing the tender process.
The FIP aims for enhanced cooperation over regulatory issues.
The regulator’s report makes 13 recommendations for the New Payments Platform.
This week, we look at the FCA’s new rules, SoftBank’s investment, and the World Bank’s new tech.
Companies will no longer be able to charge interest on money repaid within offer period.
It follows Wave’s recent acquisition of Every.
The company also hopes to encourage cross-border trade with CEE countries and Africa.
It proposes more transparency for better customer experience.
As part of its Brexit preparations, UK fintechs and payment services must also prepare for visits from the CSSF.
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
Appian will automate key processes for the 142-strong banking group.
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
AMLtrac has been integrated into Hinckley & Rugby’s Summit back office system.
Tribe launched at Money 20/20 Europe with UnionPay International deal.
The financing round was led by Mastercard.
The first Amadeus event on payments, a new Indonesian payment standard, and more!
To facilitate payments across the poorer businesses in the country.
The bank didn’t properly manage the outsourcing of payment services.
Round-up of the first Amadeus customer event in Madrid.
News on Facebook, Monzo, Transferwise, and more!
The problem has prevented flagging for almost a decade.
SafeCharge board unanimously recommends the deal.
Designed to smoothen out real-time payments in Europe.
The financial details haven’t been disclosed.
UBS escaped a European Commission penalty after exposing the cartels.
Discussing consumerism, PSD2, managing risk and the power of digital ecosystem.
The bank has taken a Sopra solution called the Digital Experience Platform (DxP).
The US bank holds an international license.
It will provide APIs for third-parties for the Cornèrcard in the UK and Liechtenstein and Diners Club Card Italy.
The Series A was led by Ventech.
Aims to solve $4 billion legacy systems overhead problem.
First asset classes are migrated as part of JSE’s multi-year plan.
Piermont Bank and Nexos National Bank.
Omni-channel platform offers digital tools for wealth managers.
These banks will be launched by Ant Financial, Xiaomi, AMTD, Ping An, and Tencent.