IRRBB: the big picture in miniature
Work at the IRRBB lab is a never-ending process of experimentation and discovery.
Regulation
TNB USA Bank sues NY Fed over master account access
Connecticut-based bank says it needs the account to function.
Wells Fargo wholesale banking unit probed for fraud
US Justice Department checking out bank employees and management pressure.
Goldman Sachs hasn’t dropped crypto trading desk plans
Well… this story has been updated.
IdentityMind unveils regtech webstore
Will let companies integrate compliance and regulatory technologies into their solutions.
UK’s New Payment System Operator opens developer portal
PSPs and billers are cordially invited to develop “Request to Pay”.
ING feels sting of €775m fine for money laundering mishaps
Dutch bank says its “shortcomings enabled customers to misuse accounts”.
UK challenger bank Monzo looks for chief risk officer
“We really care about providing a phenomenal experience for our customers.” OK.
Bank of America closing immigrants’ accounts
The bank is reportedly demanding an update in residence documents.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Standard Chartered applies for HK virtual licence for new bank
The upcoming digital bank also got a new CEO.
Webinar: Reimagining banking’s role in a micro-enterprise economy
Join us for a live webinar on Wednesday, 26 September!
Due to popular demand: Banking Technology Awards entry deadline extended!
Submit your nominations by 7 September 2018.
UK offers fintech expertise to Nigeria
Due to Brexit, it needs to find new markets.
Switzerland relaxes AML rules for small fintech firms
For companies with gross revenues of less than CHF 1.5m ($1.53m).
Brexit for EEA financial services firms doing business in the UK
What are the options for the 8,000 firms that use EU financial services passports to do business in the UK?
The rise of regtech
A head of steam is building around regtech, driven by the confluence of interest from regulators, banks and fintechs.
Political rhetoric and its impact on cryptocurrencies
How the regular pronouncements from governments and regulators are impacting the cryptocurrency market.
Regtech ComplySci on a high with Vista Equity investment
New York-based firm feeling funky via Vista’s Endeavor Fund.
UK government preps banking and fintech for no Brexit deal
Just in case things don’t go to plan after 29 March 2019.
German minister calls for independent EU Swift payments network
To bypass the US sanctions on business with Iran.
UK banks urged to drop blame game in fraud claims
Financial Ombudsman Service wants banks to investigate cases more.
BearingPoint invests in Insignary to up security
Tech consultancy’s first investment in an Asian start-up.
Why be a part of Banking Technology Awards?
Nominate best fintech projects and people by 31 August!
UK regulators unleash new insurer start-up unit
Will help firms apply and get authorised for insurtech action.
US wakes up to SME cybersecurity needs
The cybersecurity act disregarded SMEs, and this latest bill aims to fix that.
AAIS pilots open insurance data link on IBM Blockchain
American Association of Insurance Services looks to automate regulatory reporting.
FCA and CMA demand transparency in banking service quality
Asking banks to publish customer ratings.
Bitt the builder for Curaçao and Sint Maarten’s digital guilder
Caribbean central bank turns to fintech portfolio firm.
Konsentus gets PSD2 with new open banking sandbox
Regtech wants to help FIs get compliant.
FBI sounds alarm over ATM cash-out attack
It’s warning banks that cybercriminals are preparing a global fraud scheme.
FinTech for Good Award: honouring organisations for outstanding social impact
Enter Banking Technology Awards by 31 August!
Top fintech stories this week – 10 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
White paper: PSD2 – opportunities beyond compliance
White paper by Fiorano.
China crypto company ACChain goes off the grid
A real China hustle.
UK watchdog takes legal action over Barclays PPI breach
Barclays failed, for a second time, to send annual reminders to PPI customers.
Italy to spark an e-invoicing revolution?
Ushering in one of the biggest tax reforms Italy has ever undertaken.
Regulator syndicate unleashes Global Financial Innovation Network
Builds on UK regulator’s plan to create a global sandbox.
TransUnion teams with EXL for CECL compliance
Credit reporting agency and analytics company are an item.
Arizona first US state to offer fintech sandbox
Lawmakers stop talking to do something.
