Top fintech stories this week – 18 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Regulation
SocGen may close trading unit due to low profits
As it did with the Hong Kong desk.
Paytech Allpago powers on to Chile
PSP will help international merchants to accept local cards.
South Korea all clear for fintech sandbox
Nation’s Financial Services Commission pushes industry onward.
Canada calls for open banking answers
Department of Finance Canada awaits your awesome feedback.
RCB Bank picks Eurobase for TCM operations
The Siena system will also help with regulatory needs.
Deutsche Bundesbank eases banks into ISO 20022
By signing up to Swift MyStandards and Readiness Portal.
“Cryptofraud”: can the courts keep up?
How are civil courts going to deal with digital currencies in cases of fraud?
Banco Carregosa goes open with PaymentComponents
AplonAPI is the baby of PaymentComponents and Infosistema.
Goldman Sachs leads $8m funding in cyber firm Immersive Labs
Aims to boost its enterprise IT and cybersecurity teams.
Banks onboard for UK economic crime taskforce
The Economic Crime Strategic Board is unveiled.
Milleis Banque picks Wolters Kluwer for regulatory compliance
OneSumX for risk, regulation and reporting needs.
Banque Palatine signs with AxiomSL for AnaCredit compliance
One of the many firms keeping up with reporting regulation.
OCC fights for US fintech charter in court
Office of the Comptroller of the Currency seeks to dismiss CSBS litigation.
Brexit worries take TransferWise on Belgium licence hunt
UK office is safe but paytech wants to prep in event of a ‘no deal’.
SafeCharge to power Gett’s payment reconciliation
Transporting it to the new era of fintech.
Bloomberg picks Apstra for data and production network tech
Got the multi-vendor platform it needs for its London HQ.
Video: Fraud Orchestration with FCase
How to take fraud management systems from basic standalone detection to a more enterprise-focused approach.
Kuwait’s central bank goes live with TCS Bancs
After a five-year upgrade.
UK’s Financial Conduct Authority deepens Brexit prep
Wants feedback on financial services contracts regime and securitisation repositories.
DTCC gets approved for activities in Switzerland
Depository Trust and Clearing Corporation will offer Swiss-compliant trade reporting services.
USAA customers to get $12m back for payment errors
Consumer Financial Protection Bureau also fines bank $3.5 million.
£20k billboard in London calls for RBS investigation
Set up by victims of the bank’s alleged SME client mismanagement.
Google gets payments licence in Ireland
Follows on from last month’s licence in Lithuania.
Chetwood Financial gets full UK banking licence and new cash
Alongside a new lending product launch.
How France’s regulator is leading the way in fintech innovation
The rise of fintech cannot be ignored and France is taking bold and necessary steps to harness it.
South Africa talks tax with crypto task force
Government gets tough on cryptocurrency activities.
Top ten lendtech stories in 2018
No groans, just loans. Our top ten lendtech stories in 2018.
It’s safe to bet on open banking
Open banking is the future where everyone can win.
JP Morgan Chase fined by Hong Kong regulator for money laundering fails
Anti-money laundering and counter-terrorist financing not up to scratch.
Top ten regtech stories in 2018
Regtech rules this page with our top ten stories in 2018.
Initiatives by India’s government to boost fintech
The fintech space in India has seen an exponential growth over a few years.
Top ten fintech analysis features in 2018
Dive into all things fintech!
Arrow Capital goes with Profile Software
It will use the Axia platform for wealth management.
Top ten fintech events in 2018
We’ve been to events all around the world this year. These have been our favourites.
Google gets e-money licence in Lithuania
The Bank of Lithuania keeps boosting its fintech ecosystem.
Everything you need to know about blockchain in Switzerland
Switzerland has introduced a comprehensive legal framework for regulating blockchain on a national level.
CoinAlpha fined $500k for crypto law breach
Blockchain protocol also gets a cease and desist from the US regulator.
Put your SEPA cards on the table
European Cards Stakeholders Group calls for feedback.
Estonia arrests ex-Danske staff over money laundering case
Ten former employees feel the heat in Tallinn.
