Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Regulation
ICE’s Bakkt set to launch bitcoin futures contracts
Bakkt is “cleared to launch” its trading in bitcoin futures next month.
DSB reveals “significant appetite” for data quality and cybersecurity analysis
The DSB will create the new part-time role of Chief Information Security Officer.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Barclays ends landmark crypto partnership with Coinbase
Coinbase no longer has access to the UK FPS.
Thomson Reuters launches global regtech competition
The contest seeks legal, tax and regulatory solutions.
India takes over China for number of fintech deals in Q2
Fintech deals in China fell 81% in Q2.
Desjardins spends CAD 70m related to data breach
It’s offered the affected accounts a credit monitoring plan and identity theft insurance.
HMRC cracks down on crypto investors
The tax authority has requested customer data from UK exchanges.
Market welcomes FCA’s plan to phase-in SCA
Industry officials see this as the regulator’s last warning.
ASB invests in NZ blockchain start-up TradeWindow
It’s one of the first technology companies to receive direct funding from a NZ Bank.
Walmart announce application for cryptocurrency
Shoppers’ money would gain interest in a makeshift bank account.
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
FinApps slaps $100m lawsuit on Envestnet Yodlee
It claims that the platform ripped off its code to release their own product.
EBA Outsourcing Guidelines or Operational Resilience – which to prioritise?
Operational resilience (OpRes) is the new, grown up way of regulating the financial sector.
UK regulations push SVB further towards automation
SVB exec comments on Brexit and the UK’s supportive fintech environment.
Fintech partnerships: the real benefit of Open Banking for incumbent banks
A deep dive into where the real value lies in Open Banking for incumbents.
Daily News at Sibos: be at the heart of the biggest fintech event of the year
London calling: explore opportunities with Daily News at Sibos 2019.
FCA delays SCA payments rules after threat to sales
Companies will have until March 2021 to implement most of the technical requirements.
Elevator Ventures invest in RegTech platform kompany.com
kompany combines AI, robotic process automation and blockchain technology.
Nasdaq uses AI to root out stock-market abuse
It detects irregular trading patterns and alerts officials according to machine-learning.
SVS Securities enters administration
The FCA has opened an investigation into the company.
Open banking law to boost fintech competition
It aims to shake up competition for consumers and boost start-ups against the big banks.
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
Are non-bank payment service providers doing enough to protect customers’ funds?
Some heady advice for non-bank PSPs to avoid regulatory action.
FNA raises $5.5m for AI-driven regtech
The firm collaborates with regulators manage financial risks.
FCA provides clarity on current crypto-assets regulation
To ensure firms know if they are authorised and compliant.
The importance of specialised standard software for MAD/MAR compliance
Experience and insights from three years of practical use.
Rakuten applies for US banking charter
The ABA expressed serious concerns Rakuten gaining a banking charter.
Volkswagen Bank relies on BearingPoint’s regtech
The bank is also outsourcing its data warehouse supply chain.
Barclays, RBS and other banks face £1bn forex rigging lawsuit
JP Morgan, Citigroup and UBS also named in US-style class action.
Betterment faces regulatory scrutiny after new accounts launch
The savings account offers annual yields of 2.69%.
Banks and TPPs agree joint approach to PSD2
A statement outlined their joint efforts to transition to new payment rules.
Gay is for life, not just for June
Fintech firms can and must do more.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
SquareBook wins FCA approval to offer IPO services
The company hopes to tackle conflicts of interest in the IPO process.
FIs choose Cloudera for digital transformation
Cloudera enables digital transformation for global financial services institutions.
AcadiaSoft announces technology partnership with CloudMargin
The firms collaborate to provide an industry solution for uncleared margin rules.
A banker goes a-banking, volume 4: GDPR for the masses
It is time we gave some respect back to the drops that make the ocean.
