The evolution of regtech
The industry has proven itself to be resilient and, as always, it will find a way to adapt.
Regulation
Lithuania plots virtual limited liability companies on blockchain
Nation will let VLLCs be remotely managed using blockchain.
US regulator creeps towards position on fintech charter
Some details should be published within the next three months.
22 European countries plot mega blockchain crew
The usual suspects plan the usual collaboration.
PayTech Awards 2018: The Paytech for Good Award
Honouring organisations for outstanding social impact.
India’s central bank puts a stop to cryptocurrencies
Reserve Bank of India ushers in a new reality for virtual currencies.
FCA looking to clear up cryptocurrency derivatives confusion
Clarity courtesy of the UK’s Financial Conduct Authority.
CivilisedBank to reapply for banking licence
“To allow time for further technological development.”
YapStone touches Couchbase for payments platform propulsion
Looking for inspiration with a cloud-native data sensation.
IBM brings desensitise touch to Rabobank’s client data
Dutch bank preps to comply with incoming GDPR.
FCA gets it on for UK asset management competition
Financial Conduct Authority explains next steps and timelines.
Uber gives drivers a lift with Visa Debit Card
But it also faces tax problems in Denmark.
Australia gets tough on digital currency exchange providers
Cryptocurrency firms required to meet AML/CTF obligations.
FCA welcomes EU agreement on Brexit
Everyone be cool. This is Brexit.
Fintech funding round-up: 27 March 2018
Features Candex, MarketInvoice and Konsentus.
Bank of Ceylon combats financial crime with CustomerXPs’ tech
Sri Lankan bank has signed for Clari5 real-time AML solution.
Bank of England angles in on fintech hub scene
News revealed at yet another fintech conference in London.
Say ciao to new ItaliaFintech association
Group represents 19 firms with nearly one million clients.
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.
