KPMG’s Wirecard audit fails to verify payments processing profits
Six-month investigation into the German firm encounters stumbling blocks.
RegTech
EU payments bodies call for further SCA delay
An open letter sent to the EBA recommends a June 2021 deadline.
Mastercard-backed Trust Stamp spins out subsidiary AiiD Global
EXCLUSIVE: the new subsidiary will specifically develop solutions for emerging markets.
FSB consults on effective practices for cyber incident response and recovery
The FSB welcomes responses to the questions set out in the consultation by 20 July 2020.
Monzo applies for US banking licence
Monzo applied to the US OCC for the licence on Monday.
Webinar: Getting reconciliation right in the ‘decade of data’
A blueprint for consolidating, automating and driving efficiency across reconciliation.
Fenergo and IBM sign OEM agreement
Both firms will collaborate on the creation of financial crime solutions.
Certified liveness detection a must for FCA recommended customer selfies
How to comply with the legislation and ensure that appropriate safeguards and additional checks are in place.
Hong Kong challenger ZA Bank picks OneSumX for regulatory reporting
The first virtual bank in Hong Kong selects Wolters Kluwer system.
Kyckr extends Citigroup regulatory compliance deal
“There is no better referral than within an existing organisation,” says CEO.
Top 10 coronavirus initiatives by governments and regulators
A brief overview of how governments and financial regulators have reacted to coronavirus.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
FCA plans financial relief for customers amid COVID-19 pandemic
UK regulator wants a freeze on loan and credit card debt.
The ABCs of eKYC
A how-to guide for online identity verification and eKYC.
Biometric authentication to continue gaining ground in next decade
It’s a known fact, but it’s worth repeating: your personal data is never safe.
COVID-19: a call for digital transformation
This will not be a short-term event so businesses must prepare for the long haul.
Driving revenue through data privacy and compliance
Financial leaders can lay the foundation for turning data privacy into a revenue driver.
ECB calls for bank bonus moderation
The ECB will act against banks which don’t comply.
FNZ-GBST merger under scrutiny from UK’s competition watchdog
CMA says the combination of two major players could squeeze out smaller firms.
DataGuard raises $20m in Series A to provide GDPR-as-a-Service
The Munich-based firm claims to already have 1,000 customers.
Coronavirus: FCA announcements round-up
We collated a round-up of these notices to assist our readers on COVID-19 updates.
VoxSmart raises £5.5m from NatWest in Series B funding round
Surveillance firm completes its second round since 2006 founding.
CFTC publishes final guidance on cryptocurrency actual delivery
The CFTC announces new guidance after lengthily market consultation.
UK auto-saving app Chip lands authorisation from FCA
The app has seen an influx of savers using its platform as of late.
National Bank of Canada migrates Murex system to Amazon Web Services
Major Canadian bank shifts MX.3 to the Amazon cloud.
Cloud security in a post-GDPR world
An increase in cloud adoption leaves some interesting questions when it comes to data regulation.
FCA sets out guidance for mortgage providers & lenders on COVID-19-related loan scheme
This supports the announcements made by the Chancellor last week.
ESMA relaxes MiFID II call recording rules in wake of COVID-19
The EU regulatory body recognises limitations created by the virus.
ESMA delays SFTR implementation
The EU regulator acknowledges the business impact of COVID-19.
Gradually – then suddenly: parenting during coronavirus
Until we get beyond, hunker down and carry on. Pass me that glass of wine please.
eBook: Tackling the data challenge for regulatory compliance in banking
Staying above the rising tide of banking compliance requires data. Download the free e-book for the in-depth insights.
FinTech Futures update: business as usual
Our team is here to help the market navigate today’s challenging business landscape.
Commonwealth Bank of Australia admits to consumer protection violations
The Australian bank is set to be fined around AUD 5 million.
White paper: Anti-financial crime – looking beyond staffing
How banks can best perform their gatekeeper function.
Yapeal awarded Switzerland’s first fintech licence
Challenger plans to reinvent retail banking in the country.
Accuity buys London fintech Apply Financial
The deal builds on Accuity’s account validation solutions for FIs.
EBA suspends EU banks’ stress tests over coronavirus impact
European regulator encourages flexibility in reaction to the virus.
FCA issues coronavirus cryptocurrency scam warning
UK watchdog tells investors to be wary of deals too good to be true.
Western Union refunds $153m for scam victims
Western Union agreed to pay $586 million in monetary relief following a 2017 scandal.
CFPB files account fraud lawsuit against Fifth Third Bank
US regulator claims bank opened credit accounts without customers’ permission.
