Fintechs and post-Brexit data protection compliance
The strategies to implement to address the additional data protection compliance challenges.
Regulation
FCA proposes ban on crypto-based derivatives
The regulator believes the products are ill-suited to retail consumers.
Former Equifax CIO jailed for insider trading
Jun Ying sold his shares before a data breach was made public.
What will Brexit mean for the payments industry?
A European take on a very British dilemma.
Instarem seeks banking licence in Singapore
The fintech is looking for a partner bank to do so.
Multiply’s financial advice app wins FCA approval
The free service is the UK’s first fully regulated, automated advice provider.
Bank for International Settlements builds innovation hubs
Starting in Switzerland, Hong Kong, and soon in Singapore.
Visa acquires chargebacks tech firm Verifi
To combine Visa’s anti-fraud tech with Verifi’s solutions.
Access to payment systems on the rise
There are more indirect access providers in the UK market than ever before.
APC outlines digital payments priorities
Resilience, interoperability and financial crimes are among the key focus areas.
ICC 2019, Moscow: an interview with Dmitry Samartsev
Bi.Zone’s CEO talks about the interactions between governments and companies around cybersecurity.
AI imaging platform Ocrolus closes $24m funding round
The document analysis solution combines machine processes with human intelligence.
ClauseMatch lands first Singapore client
The regtech will partner with Ingenia to provide compliance-as-a-service.
Metro Bank selects Artesian’s KYC solution
Data-driven automation of KYC and risk, aims to improve onboarding processes.
Lloyds freezes 8,000 Jersey offshore bank accounts
The lockdowns happened last year after customers failed to prove their identity.
FFIEC – has compliance caught up to security?
Examining the Federal Financial Institutions Examination Council (FFIEC) compliance controls.
State of play in response to PSD2 in Italy’s banking sector
The experience of the Italian financial community with CBI Globe.
Bank of England responds to Future of Finance report
It features five key action plans to meet the needs of the digital age.
Artesian introduces customers to ARCH
The tool has been in development for two years.
Moneyou selects Konsentus for PSD2 capabilities
Konsentus will provide Moneyou with third party provider (TPP) identity & regulatory checking.
Bottomline partners with Starling to provide real-time payments
Banks and corporates sometimes struggle accessing the Faster Payments Scheme.
SIA and Colt join Swift as ESMIG connectivity providers
Single market access is scheduled from November 2021, with the ECB overseeing the tender process.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
Reserve Bank of Australia calls for better NPP access and roll-out
The regulator’s report makes 13 recommendations for the New Payments Platform.
Top fintech stories this week – 14 June 2019
This week, we look at the FCA’s new rules, SoftBank’s investment, and the World Bank’s new tech.
FCA reveals new rules to protect BNPL consumers
Companies will no longer be able to charge interest on money repaid within offer period.
H&R Block acquires Wave Financial for $398m
It follows Wave’s recent acquisition of Every.
PayU taps Turkey’s digital economy with Iyzico acquisition
The company also hopes to encourage cross-border trade with CEE countries and Africa.
FCA tackles overdraft rules on new consultation paper
It proposes more transparency for better customer experience.
CSSF warns UK fintechs about onsite visits
As part of its Brexit preparations, UK fintechs and payment services must also prepare for visits from the CSSF.
Top fintech stories this week – 7 June 2019
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
Iccrea chooses Appian platform to serve 4.2m Italian customers
Appian will automate key processes for the 142-strong banking group.
Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
FCA introduces new rules for P2P platforms
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
Hinckley & Rugby Building Society live with iFinancial AML solution
AMLtrac has been integrated into Hinckley & Rugby’s Summit back office system.
Starling partners with paytechs Tribe and PelicanPay
Tribe launched at Money 20/20 Europe with UnionPay International deal.
Regtech Konsentus closes multi-million-pound pre-Series A round
The financing round was led by Mastercard.
Top fintech stories this week – 31 May 2019
The first Amadeus event on payments, a new Indonesian payment standard, and more!
Indonesia launches QR code standards
To facilitate payments across the poorer businesses in the country.
Raphaels fined £1.9m by FCA and PRA for outsourcing mismanagement
The bank didn’t properly manage the outsourcing of payment services.
