UK insurtech gets corporate fit with legal toolkit
Tech Nation and UK Insurtech Board are looking to give firms an easier ride.
Regulation
FCA urges end to exit fees on investment platforms
UK’s Financial Conduct Authority calls for feedback and more competition.
US Fed bars ex-Goldman Sachs staff over 1MDB misuse
Two former employees are prohibited from the banking industry.
UK pressures tech titans to face competition
The nation’s rules must be updated for the digital age.
Open Banking one year on
Information Builders looks at how the initiative opened up new opportunities with data.
RCBC files defamation suit against Bank of Bangladesh over 2016 cyberattack
The aftermath of the $81 million cyberheist lingers on.
Video: fintech news weekly round-up – 11 March 2019
Featuring New Zealand, Ant Financial, and Raisin.
Investors Bank addresses reporting with Wolters Kluwer
The US bank will receive OneSumX for Regulatory Reporting.
Deutsche Börse and Swisscom to build digital asset infrastructure
The core elements will provide access to liquidity and banking services.
White paper: Multi-cloud fundamental to financial services’ transformation
Discover major trends that are impacting financial service businesses
5AMLD: know your compliance changes
5AMLD’s key requirements and their impact on the customer due diligence and onboarding for European firms.
UK crypto consumers completely clueless
FCA reveals findings from first cryptoassets research.
Bank of England orders Visa to fix outage issues
The bank’s action follows the pan-European incident in June 2018.
US Senate attacks lax Equifax cybersecurity defences
Senate reveals investigation into 2017 data breach that affected 146 million US consumers.
UK fintech regulator puts bigger fines on the menu
FCA confirms increase in Financial Ombudsman Service award limit.
Top fintech stories this week – 8 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Soldo gets sold on Irish e-money licence
It will be able to operate from Ireland post-Brexit.
Swift gives short shrift over RBI penalties to Indian banks
It says the failures lie with automated payment processes at the banks.
Silicon Valley Bank welcomed in Canada
The bank has received a Canadian licence and opened an office in Toronto.
White paper: How to combat fraud in 3 easy steps
How are fraudsters slipping through the net and how to combat fraud?
Mexico mulls mobile payments system with Amazon
Nation’s central bank in talks with tech titan.
Mobi Direct picks Worldline for Pakistani payments
The PSP/PSO aims to modernise paytech in the country.
Crypto boosted by Russia’s digital rights bill
The State Duma edges the nation towards cryptocurrency legislation.
Singapore regulator’s new tech group targets risky business
Monetary Authority of Singapore makes some changes and gets truly focused.
Wealthtech Gluskin Sheff turns to Broadridge tech
New investment management tech will help manage portfolios and compliance.
Cognizant buys post-trade processor Meritsoft
Acquisition of Irish firm expands its Software-as-a-Service platforms.
The biggest development since the Euro: how ISO 20022 will transform payment market infrastructures
ISO 20022 is an all-encompassing force that will irrevocably alter the payments space for the better.
White paper: Intelligent business software solutions enabling fintech companies to grow
How can you grow your fintech firm with a business software solution?
Empty wallets turn up in QuadrigaCX crypto exchange case
The death of its CEO has left a lot of unanswered questions.
Bermuda allows local fintechs to play in US
Courtesy of US-based Signature Bank.
Pay.UK officially brings payment brands under one roof
Bacs, Faster Payments, and Cheque and Credit Clearing are now part of Pay.UK.
Wells Fargo makes record $240m settlement over fake bank accounts
Bank officials denied wrongdoing in agreeing to the settlement.
Australia upfront for better banking outback
The code of practice is a result of the Royal Commission’s recommendations.
QuadrigaCX crypto exchange court case calls for $30m payout
Judge’s decision in Canada follows the firm’s collapse in January.
Andorra and Vatican City enter SEPA’s paytech paradise
Single Euro Payments Area now has 36 nations.
Disruption through diversity and empowerment
“Be bold. You have earned it. More importantly, if you don’t value yourself, how can you demonstrate it to others?”
UK banking data reveals eruption of disruption
Last year was arguably not a good one for banking across the nation.
RFI Global Business Banking Summit 2019: The age of branch banking is over
The time of digital has come.
Tinkoff Bank gets on Russia’s Faster Payments System
It’s one of 12 banks and payment systems taking part in the pilot phase.
Silvergate Bank selects Finastra for payment processing
US bank wants to expand its infrastructure with an API-enabled platform.
