FCA asks UK banks to hand over data on bank account closures
The UK’s largest banks and building societies have until 25 August to supply the information.
The UK’s largest banks and building societies have until 25 August to supply the information.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The Italian parliament has 60 days to bring the proposed tax into law.
The average loss to loan fee fraud in the UK is £260.
Moody’s Analytics’ Orbis database is set to strengthen the European Commission’s anti-fraud efforts.
Rcloud was the result of Regnology’s November 2022 partnership with Google Cloud.
The regulator’s 14-point plan seeks fairer interest rates on UK savings accounts.
The regulation is set to completely transform the relationship between financial services firms and consumers.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The group’s board of directors says Rose has “agreed by mutual consent to step down”.
The US Federal Reserve has fined Credit Suisse $269 million, with the UK’s PRA issuing a further $119 million fine.
FrauDfense is a new company set up to enable the exchange of information between the three banks.
The bank has seen its customer count jump from around 123,000 during FY22 to 224,000 at present.
ThetaRay currently engages around one billion end users and monitors over 15 billion transactions per year.
With the funds, Jirav plans to fuel product development, expand its customer base and attract new talent.
This is the third building society client deploying Finastra’s Essence solution.
Stephen Ingledew is chairman of FinTech Scotland and Alex Marsh is the former head of Klarna UK.
The deal will mark the fifth acquisition by Regnology in less than a year.
Sonar will help protect the growing business against sanctions violations and other types of financial crime.
AML RightSource’s tech will automate Golden 1’s transaction monitoring investigations and reporting.
Fintechs are finding themselves subject to increasing scrutiny by regulators regarding AML compliance.
Corlytics’ CEO John Byrne says the deal “sets the runway for further strategic acquisitions”.
Firms would need to submit information on terms and conditions that “waive or limit” consumer rights.
Over the next few years, many organisations will transform their business models and put ESG front and centre.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Regnology will help the central bank transform its data management capabilities and regulatory reporting platform.
Regnology CEO says they were attracted to the “strong synergies” between the two companies’ offerings.
Explore thousands of open roles on the FinTech Futures Job Board today.
With a range of taxonomies, sources and utilities, ESG data is still some way from being standardised.
Abacus360 Banking will become the bank’s single platform for the European and French reporting regimes.
ESG management, fuelled by innovation, can have a positive impact on a firm’s financial performance.
The CFPB will set out guidance to hem BNPL firms much closer to credit cards in terms of regulation.
The acquisition, for an undisclosed sum, is expected to close by the end of Q3.
SteelEye claims the $21m Series B marks the largest raise by a European regtech firm in 2022.
Clappison joins from Virgin Money, having also previously worked at TSYS and Newcastle Building Society.
Davy will deploy the Torstone Platform for its post-trade processing.
The SEC has proposed new cybersecurity regulations that will impact FS businesses.
In this episode of the podcast, we’re joined by NMD+ founder Dave Wallace.
Midigator automates the chargeback dispute response process and provides real-time data to businesses.
Many FIs are looking to utilise external data centres to reduce greenhouse gas emissions.