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Reporting
Nasdaq proposes IPO alternative to raise funds
Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.
Palantir lost $579m in 2019 according to leaked S-1 filing
Big data SaaS firm had net loss percentage of 78% last year.
Regtech firm kompany raises $6m in venture funding
The firm plans to use its new cash to develop KYC solutions.
Streamlining manual processes amid COVID-19
Find out how to digitise manual documentation processes with Foxit Software.
Containers and PCI DSS: 10 requirements financial services must follow
These requirements can present a challenge to financial services now leveraging containers.
Starling Bank losses doubled to £52m
The company hired hundreds of employees and focused on attracting new customers.
Monzo’s losses widen due to COVID-19
Bank admits that the pandemic casts “significant doubt” on its ability to continue operations.
Why intelligent reporting is crucial to client retention
Good digital reporting is intuitive and comprehensive.
Uzbekistan’s People’s Bank selects Fusion Risk from Finastra
FinExtra Group and Neoflex to deploy the system locally.
Carta faces gender discrimination lawsuit
Paying her less than her male peers and subjecting her to other forms of gender discrimination.
UK government launches review to boost fintech sector
The review intends to establish priority areas for industry, policy makers, and regulators.
COVID-19 analytics: the lesson for those involved in policy management
Modern data-enabled systems and processes are the key to staying competitive.
What the Fintech? Episode 9 | Open banking: entering the mainstream
Coconut CEO, Sam O’Connor, shares his insight on the Plaid and Finicity acquisitions.
Wirecard files for insolvency amid accounting scandal
The paytech owes creditors almost $4 billion after disclosing a gaping hole in its books.
Five ways to streamline your online checkout process
The commercial case for streamlining the online payments process is clear.
Wirecard’s former CEO Markus Braun arrested
Munich police say a criminal investigation into Wirecard has been launched.
FCA prepares shift to new data collection platform RegData
This is in response to industry feedback about the Gabriel system over the past three years.
Deutsche Bank set to launch fourth e-FX hub in Singapore
The hub will be developed and staffed locally.
Westpac discloses AML breaches and due diligence failures
Australian bank has set aside AUD 900 million for an expected fine.
Partnerships to drive industry forward in post-COVID world
The coronavirus pandemic has caused immediate changes to the financial services industry.
Amazon Web Services VP resigns over whistleblower firings
The engineer quit in protest over AWS’ handling of warehouse employees amid COVID-19.
EU payments bodies call for further SCA delay
An open letter sent to the EBA recommends a June 2021 deadline.
Webinar: Getting reconciliation right in the ‘decade of data’
A blueprint for consolidating, automating and driving efficiency across reconciliation.
World Fintech Report 2020: “Traditional banks are at a critical juncture”
“They must embrace Open X or risk becoming irrelevant,” says John Berry, CEO of Efma.
Avaloq extends Actico partnership to integrate compliance tech
Swiss technology vendor to embed compliance solution into its platforms.
FNZ-GBST merger under scrutiny from UK’s competition watchdog
CMA says the combination of two major players could squeeze out smaller firms.
SoftBank attacks Moody’s after debt downgrade
Moody’s cited SoftBank’s “aggressive financial policy” as it cut its rating from Ba1 to Ba3.
The need to offer personalisation in financial research
It needs to be disseminated in a customised manner to provide personalised insights for clients.
China leads the way in adoption of ISO 20022 for payments
PBOC published its ISO 20022 migration plan as long ago as 2011.
Metro Bank cuts two thirds of new branches and returns £50m to BCR
The bank is paying back £50m of its fund from BCR.
UK fintech global investor figures for 2019 propped up by Worldpay deal
88% of the figure is made up of the Worldpay mega deal.
A look ahead to strong customer authentication
It’s vital that we use the year ahead to invest in long-term consumer testing.
Lloyds profits drop as PPI legacy takes its toll
The bank has eight times more than expected for PPI claims.
Banks’ compliance heads trapped between regulations and cutbacks
Governor Software CEO says investment in compliance technology is crucial.
Cybercrime in financial services: Work together to win the war
We need is a smart, flexible way of working together anticipate and respond to threats.
BIS fintech report: More harmonised standards and less TPP reliance
BIS has published a cross-country review on the fintech regulatory landscape.
Industry undecided on UK’s fintech funding success
The industry is undecided over roughly $1 billion dollars.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
Regtech: the new lifeblood of compliance
It changes the current compliance game for the better.
