Say ciao to new ItaliaFintech association
Group represents 19 firms with nearly one million clients.
Regulation
NICE Actimize brings AI tech to financial crime investigation
NICE Actimize has launched an artificial intelligence (AI) enabled investigation management system.
UK government fires up fintech with sector strategy salvo
The nation’s overlords set out their ambitious “Fintech Sector Strategy”.
Fintech funding round-up: 21 March 2018
Features M-BIRR, Funding Xchange, MarketInvoice, Digital Reasoning and regtech bouncer Enforcd.
Introducing PayTech Awards!
Celebrating excellence in the use of IT in the finance and payment industry, and the people who make it happen.
Standard Chartered hit with $4.8m fine for AML and CFT breaches
Risk management and controls were “unsatisfactory”.
Bank of England chief claims cryptocurrencies kind of cool
He’s changed his tune.
Is fintech the answer to Norway’s credit crunch?
Further regulation of the loan industry could be necessary to protect consumers, says Norway’s government.
Mastercard and IBM join forces for new “data trust”, Truata
Truata is an independent trust to enable companies conduct analytics while complying with GDPR.
Beyond the bustle and the noise, my Money20/20 Asia takeaways
At the right events, you get to take the pulse of an entire industry and if you listen, you shall hear.
Styles&Wood gains two regtech deals in UK
Go Car Credit Limited and Chetwood Bank sign for the Arctick regtech solution.
New clients in the Netherlands and Malaysia for Wolters Kluwer
ABN Amro and SME Development Bank sign for Wolters Kluwer’s OneSumX regtech software.
To become “cyber ready”, banks need to get to know their IT systems
The steps financial services firms need to take to keep up with regulation and protect against cyber threats.
India’s government looks for flexible fintech
Nation seeks to promote financial inclusion and make regulations more flexible.
Bank of England guv’nor gives cryptocurrencies grief
BoE-ring! Carney joins critical-of-cryptocurrencies crowd.
Leumi ABL selects Encompass for KYC compliance
Asset-based lending subsidiary of Bank Leumi (UK) looks for improvements.
US Fed preps for next phase of payments push
All part of Fed’s ambition to revamp nation’s payments system by 2020.
Top fintech stories this week – 2 March 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
PayPal settles FTC complaints over Venmo vagueness
FTC reaches settlement over allegations that PayPal provided inaccurate payments information to Venmo users.
Bean plans to be kernel of UK comparison apps
Gets FCA approval to launch its payments service across the nation.
Hong Kong regulator mulls academy of finance
The financial secretary in the 2018-19 budget tasked the HKMA to look at this.
PSR plays protector in payment scam fight
New industry code on the way to deal with consumer complaints about APP scams.
UK regulator turns cash saver with new credit card rules
FCA says new rules will save consumers between £310m and £1.3bn a year in lower interest charges.
Lemon Way selects Accuity for financial crime compliance
Decision follows a period of growth for Lemon Way.
FCA orders Vanquis to repay customers £168m for price disclosure fails
Also hit with fine of £1.97m for not disclosing full price of an add-on product.
FCA calls for smarter regulatory reporting
Looking for views on how technology can help firms meet their regulatory reporting requirements.
Challenger bank Monzo in head of compliance search
Monzo: “We’re looking for a pragmatic, collaborative and experienced head of compliance.”
Vermeg buys regtech firm Lombard Risk for £52m
Vermeg takes over risk management and regtech firm Lombard Risk.
BIAN plans API hours with new guidelines
Banking Industry Architecture Network publishes updated version of its standardised global IT architecture model.
CBA and ING complete regtech pilot fling
To simplify information processing and regulation implementation using MiFID II as test case.
UK politicians to investigate digital currencies and blockchain
Treasury Committee launches new inquiry to work out the opportunities and risks.
FCA and CFTC to collaborate on fintech innovation
Financial Conduct Authority and Commodity Futures Trading Commission have signed an arrangement for UK-US initiatives.
US Bancorp hit with $613m fine for AML fails
Anti-money laundering activities not noticed due to a lack of staff and resources.
AnaCredit – turning compliance into opportunity
An opportunity to improve ROI on existing infrastructure and use data for strategic decision-making.
UK regulator plots global fintech sandbox
Financial Conduct Authority looking for views on the merits of a mega-model.
South African Reserve Bank mulls cryptocurrency regulations
Will also experiment with distributed ledger technologies – and ConsenSys helps out.
UK regulator pushing hard on GDPR compliance
Financial Conduct Authority looking to get firms ready for the EU General Data Protection Regulation.
Singapore regulator gives customer onboarding guidance
New guidance on the use of tech solutions for non-face-to-face customer onboarding.
Seven US states standardise fintech payments
Say hello to Georgia, Illinois, Kansas, Massachusetts, Tennessee, Texas and Washington.
ADGM heads e-KYC utility project in UAE
Abu Dhabi Global Market has started the development of an electronic know your customer utility.
