UK’s Payments System Regulator presents 2019/20 annual plan
The UK regulator smoothens out open banking and fraud.
Regulation
SDS further expanding compliance solutions business in Benelux
Jump-starting SDS’s compliance solutions business in Benelux with a new deal.
Wiring financial organisations for regulatory success
Firms need to be much bolder in their use of technology; clinging to old methods will only make things worse.
ClauseMatch expands to Asia with Singapore office
It already serves clients with Singapore presence.
New York Fed launches fintech advisory group
To help the bank assess potential market impact.
Video: fintech news weekly round-up – 25 March 2019
FIS acquires Worldpay, PSD2, Tandem, and other news!
Russian lawmakers give green light to alternative Swift system
Russia has discussed joint use of the system with China, India, Iran and Turkey.
UBS bank fined £28m by FCA for misreporting transactions
This comes on the back of a series of penalties in the past few months.
Six Spanish banks sign up for gpi cross-border payments
Adoption of gpi has seen a year-on-year increase of 270%.
Pay.UK eases access to payment schemes for PSPs
With the introduction of the second phase of a new access model.
Video: fintech news weekly round-up – 18 March 2019
More open banking news, fintechs in LatAm, an a MasterCard acquisition.
Nets to support Sbanken’s open banking across Nordics and Europe
“Banking as we know it will change radically.”
Sweden’s SEB chooses DTCC’s Global Trade Depository to meet SFTR obligations
DTCC has added data transformation services to its SFTR offering.
HPS PowerCARD 2019: working together to tackle fraud
Why aren’t the banks collaborating or working together to combat fraud, should the regulator get involved?
A guide to digital identity verification: the tech and trends
Examine global trends in identity and technical insights into viable solutions.
Former MtGox boss gets suspended jail on account of data falsification
However, he was cleared of all other charges, including embezzlement.
Thailand prepares portal for regulated ICOs
The country prepares new funding routes but keeps alert to fraudulent activities.
UK insurtech gets corporate fit with legal toolkit
Tech Nation and UK Insurtech Board are looking to give firms an easier ride.
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.
