Swift shifts from MT to XML format
Payment transfers will be shifting to the ISO 20022 standard.
Regulation
Konsentus partners with Carta Worldwide for PSD2 compliance
The firm offers real-time TPP identity and regulatory checking services.
Friday the 13th is coming – is banking ready?
The deadline for PSD2 compliance is rapidly approaching – will your firm be ready?
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Equifax to pay up to $700m to settle data breach
The records of at least 147 million people were exposed in the incident.
Borgun adopts TruNarrative MLM platform
The solution will reduce onboarding time for new clients.
AdviceRobo launches PSD2 robot for credit decisions
The AI-prediction model uses transactional data.
Kaleyra and Epiphany join forces on open banking
It enables the two to jointly support banks with PSD2 compliance.
China Merchants Bank picks OneSumX for regulatory reporting
The bank claims that Wolters Kluwer offers unrivalled expertise.
FNZ acquires wealth management software firm JHC
The combined group will take JHC’s solutions into new territories.
White paper: Are you using the best approach to catch digital identity fraud?
Donwload the Onfido white paper now!
ADGM issues robo-advisor regulatory framework
Fairness, accountability and transparency are key principles.
Top fintech stories this week – 12 July 2019
N26 has superhero-landed in the US, new hip bank in Spain, and more!
VibePay prepares for launch with FCA approval
The first product to market will be a consumer app launching in September 2019.
Incuto partners HM Treasury to boost credit union membership
The fintech enables credit unions to digitise their services.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Norway’s SpareBank 1 picks Nets for Open Banking
The 14 savings banks in the group are preparing for PSD2.
Fintechs and post-Brexit data protection compliance
The strategies to implement to address the additional data protection compliance challenges.
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.
