Nigerian central bank plans October 2021 digital currency pilot
The central bank ordered the cessation of cryptocurrency exchange services in February.
RegTech
UK government plans further sale of state-owned NatWest shares
NatWest plans to be fully private by 2026.
Finansinspektionen goes live on BearingPoint RegTech’s Abacus Regulator
Swedish financial supervisory authority deploys range of modules from vendor.
How AI can help identify front and shell companies
Detection using AI can help banks and fintechs avoid huge regulatory fines.
UBS pays $8m to settle SEC compliance charges
US regulator found failings in the bank’s handling of exchange-traded products.
Is regtech living up to expectations? (And if not, why not?)
Until regtech is embedded into the core processes of wealth management, its potential remains constrained.
ID verification firm Trulioo announces four new payments partnerships
The company has partnered PayDo, Pollen Technologies, Sokin and XanderPay.
FCA levies £90m penalty against Lloyds Bank General Insurance for misleading comms
Insurer offered “competitive pricing” the FCA found to be false.
RationalFX selects TruNarrative to boost ID verification
The firm aims to reduce its onboarding time to “less than 5 minutes”.
Banking Technology July / August 2021 issue out now
Cover story: breaking with tradition – how Minna Bank is disrupting the Japanese system.
FINRA orders Robinhood to pay $70m penalty for “false and misleading information”
The sanction is the largest financial penalty issued by the regulator.
BayernLB picks Broadridge to cover regulatory reporting needs
Broadridge to help German bank with SFTR, EMIR, SiFIR, and MMSR reporting.
Saudi Arabia grants first digital banking licences
STC Pay and ARTAR given green light by central bank.
Open Banking Expo Canada meet-ups launch virtually this June
Free and open to banks, credit unions, fintechs, regulators, Big Techs, and other industry players.
Video: BCT Digital on how big data is changing risk and credit decisioning
FinTech Futures caught up with Jaya Vaidhyanathan, CEO of BCT Digital.
Federal appeal overturns New York block on US Fintech Charter
The three-judge panel said NYDFS failed to show it had suffered “actual or imminent injury”.
FinTech Futures Jobs: Three companies actively hiring right now
Exciting vacancies at MSCI, Finastra and Checkout.com. Apply today!
BankingTech Awards 2021 – call for judges
An unrivalled opportunity to be on the forefront of fintech and banking tech innovation and gain exclusive insights.
FCA: “Significantly high” number of crypto firms not meeting AML standards
The UK watchdog has extended application deadlines for firms to seek regulation.
Banking Technology June 2021 issue out now
The only one in the room: why diversity among executives is still a problem
Trading floor: overcoming the dangers of personal mobile devices
There is now an immediate requirement for proper enforcement tools and the first line of defence.
Put your brand at the heart of Sibos 2021
Discover marketing and editorial opportunities with our new Sibos Content Hub.
Innovate Finance hires Adam Jackson as new policy director
Industry body preps to push the sector’s regulatory interests.
Catch up in the cloud – regulatory reaction to COVID-19
What are the regulators doing to keep track with the acceleration of digital in banking?
UK payments industry reacts to second SCA deadline extension
Many firms are still unhappy with “the disruption” SCA is presenting.
ComplyAdvantage extends funding round with Goldman Sachs investment
The funding is an extension of its Series C funding round from July 2020.
Video: pick of the week – UK regulators not happy with some fintechs and AmEx
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Webinar summary: getting to market faster by outsourcing PCI compliance
How to get to market faster and decrease the direct and hidden costs associated with PCI compliance.
Irish fintech Fenergo acquired by two private equity firms in $600m deal
Fenergo’s revenue grew 17% in the last financial year.
FCA demands UK fintechs clarify non-bank status to customers
Companies have six weeks to write to their customers.
Why EU regulators are pushing for more explainable AI
The EU regulators are seeking to mitigate undesirable outcomes and risks arising from AI-generated decisions.
EML Payments halts trading over Central Bank of Ireland probe
Australian payments firm suspends shares over “significant regulatory concerns”.
Scottish Equity Partners invests in compliance firm FundApps
FundApps says it can “transform” investment management.
UK government should confirm that NFTs are “works of art”
The UK’s legal and regulatory framework has lagged behind in the rapidly moving NFT area.
N26 issued order by German regulator to improve AML measures
To oversee these changes, Bafin has appointed a “special commissioner”.
Video: pick of the week – European regulator in tech selection; new challenger bank in the US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Banking Tech Awards 2021 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
New rules of the game in the AML field?
What is of great importance to meet the challenges of pandemic times is that AI can find anomalies.
Banking Technology May 2021 issue out now
Better together: building resilience against cyberattacks.
Lanistar secures FCA approval less than six months after regulatory warning
Lanistar also filed its unaudited accounts last month.
