FundedByMe gets the nod for UAE crowdfunding debut
Sweden-based platform granted approval for 2019 start.
Regulation
Compliance software provider Egress gets $40m funding
Led by FTV Capital and supported by AlbionVC.
Xinja grows up to be a bank with APRA licence
The Australian regulator has given the bank a restricted authorised deposit-taking institution licence.
Swiss government preps for blockchain bonanza
Federal Council wants to exploit digital opportunities with friendly framework.
Malaysia files criminal charges against Goldman Sachs over 1MDB misuse
Bank denies wrongdoing – charges due to misappropriation of $2.7 billion from bonds.
Banking Technology Awards 2018: and the winners are…
The Banking Technology Awards 2018 winners announced!
Robinhood steps back from checking and savings launch
Firm says there was “confusion” and now offers cash management instead.
AriseBank execs fined $2.5m over ICO scam
US Securities and Exchange Commission lays down the law yet again.
Australian challenger bank Judo powers on with Vermeg regtech
Selects AgileReporter package for APRA requirements.
Top fintech stories this week – 14 December 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
UAE and Saudi Arabia trial cross-border payments on blockchain
Despite some media reports it’s not a digital currency.
Revolut gets European banking licence
Will begin operations in 2019.
Mark Carney’s backdoor to the European financial system
The boom in fintech investment should not be taken for granted.
Delay to Distribution Finance Capital’s UK banking licence
UK’s Prudential Regulatory Authority informs wannabe about the wait.
Reserve Bank of India’s governor quits for personal reasons
Tensions with the finance ministry are rumoured to lie behind the departure.
Norwegian Finance targets European banking expansion
Acquires shares in Irish company Lilienthal Finance to make this happen.
Voyager Innovations first for Singapore’s faster fintech patent
Seven months a save via Intellectual Property Office of Singapore.
How technology and AI are set to transform compliance
A three-level structure: humans at the top, AI at the bottom, an automated decision support system in the middle.
Swift adds information check pilot for gpi payments
The pilot for global payments innovation starts with 14 banks.
White paper: Adaptive Authentication – Superior User Experience and Growth through Intelligent Security
White paper on the state of authentication and the evolving threat landscape.
Swiss seek fintech action with laid-back licence offer
Parliament chills out by offering a licence with relaxed requirements.
Kuwait plots payment system and digital Dinar
Central bank will take its time with fintech initiatives.
Ripple and friends form Blockchain for Europe alliance
To teach the power of blockchain across the continent.
US regulators rouse banks to AML innovation
Banks get love and tech support to strengthen the financial system.
ISO 20022 not snowed under by icy responses
Bank of England says responses to messaging standard were “largely supportive”.
European Council seeks better AML game
It has released an action plan to tackle this crime.
Professional cybercriminals put the heat on fintech
Danger skulks everywhere in EPC’s latest report on threats and fraud.
Hong Kong puts insurtech on fast track
Hong Kong Insurance Authority plays catch-up with the global fintech industry.
UK’s new SME dispute scheme gets disputed
An MP says caps on payouts are too low and there are concerns over costly court action.
I’m a celebrity… get my ICO out of here!
US Securities and Exchange Commission makes two people in/famous.
China’s Paytend opens European HQ in Lithuania
The company also plans to hire up to 50 staff.
iSignthis plans Australian neobank licence in 2019
Payment and identity technology company to receive it in Q1 2019.
Deutsche Bank offices raided over money laundering affair
Bank says this is in connection with the “Panama Papers”.
Revolut secures Singapore and Japan licences
US and Canada may be delayed but in APAC it prepares for Q1 2019 launches.
Cathay Bank picks QuantaVerse to combat crime
Sino-American bank selects a range of AI-based anti-financial crime solutions.
UK fintech is slow runner in cyber defence race
Financial Conduct Authority evokes movie magic and urges need for speed.
PayPal’s iZettle acquisition raises UK competition concerns
UK’s Competition and Markets Authority poking around.
Infographic: WhatsApp messaging in the financial sector – tips to using it and staying compliant
Telemessage has some helpful messages on messaging and compliance.
Capture Consent: How to protect your business and your clients
Capturing consent without diminishing your customer experience.
Brussels uses Brexit concerns to charm UK fintech
Brussels Capital Region launches campaign to attract firms.
