FCA: Innovative fintech entrants putting some customers at risk
UK watchdog warns of customer risk exposure from flashy fintech firms.
RegTech
Moneybarn hit with £32.8m bill for not helping indebted customers
The firm did not treat customers fairly who had fallen into debt over a three year period.
GCC Capital AB picks BearingPoint for EBA reporting requirements
Swedish lending firm to deploy Abacus360 system on an outsourced basis.
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
European Commission warns eight countries over late AML laws
Countries include Cyprus, the Netherlands, Portugal, and Spain.
The risk of siloed IT procurement
Why it pays to say no to the silo.
Fenergo gains $80m investment from ABN Amro, DXC Technology
Fenergo aims to expand its product portfolio following new injection.
AutoRek wins Bank of England’s tender for reconciliation tech
AutoRek will provide a centralised platform across finance and operations for BoE’s reconciliation.
Banks’ compliance heads trapped between regulations and cutbacks
Governor Software CEO says investment in compliance technology is crucial.
Supplement: FinovateEurope 2020
Read our free FinovateEurope Supplement, packed with fintech goodness!
PSD2 turns two: Where do we go from here?
Break out the birthday cake as the Second Payments Directive (PSD2) just turned two!
Hot-seat with Sanat Rao, CBO and global head at Infosys Finacle
He talks about workforce and culture transformation, RPAs, open banking and more.
More change at the top for the Financial Conduct Authority
Two non-executive directors join the FCA board.
German government proposes digital law over competition fears
The proposed clampdown targets anti-competitive behaviour by digital platforms.
ESMA postpones CSDR settlement discipline regime
EU regulator gives market six more months to prepare.
European Central Bank to launch AI hackathon
ECB wants to explore how AI could help supervisory data collection.
PayPal users lose £1m to fraudsters posing as buyers
A total of 3,059 crime reports were submitted to Action Fraud regarding the scam.
GoCardless CFO: No deal Brexit could cost London’s trade status
UK should remain epicentre of
“In theory, the UK is so global it should remain the epicenter”, says CFO.
How AI can address the global sanctions challenge
Banks shouldn’t delay exploring an AI-powered approach to their existing screening processes.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
EXCLUSIVE: Drugs, defecation, and graffiti at HMRC’s Manchester headquarters
Government body aims to clamp down on “reprehensible” behaviour.
eBook: Digital identity management – the foundation of successful financial services
How to identify, recognise, authenticate and protect customers – wherever they are, at scale, in real time, across a growing number of devices, and connected objects.
UK court orders Bitfinex to freeze $860,000 in bitcoin
Chainalysis traced the funds to a ransomware payment through Bitfinex’s platform.
FCA calls UK’s current overdraft market “dysfunctional”
The regulator is asking banks to explain their 39.99% rates.
Central Bank of Egypt pilots eKYC solution for financial inclusion
Egyptian regulator also plans internet banking overhaul.
FCA appoints Christopher Woolard as interim chief
Former head of strategy takes over from BoE-bound Andrew Bailey.
Finma fines Swiss bank CEO $752,000 for insider trading
The executive used covert deposit accounts under his wife’s name.
Bank of England seeks public cloud technology partner
Regulator looking into benefits of SaaS and PaaS.
Greensill pledges to help SME suppliers after ombudsman probes
The lender says it needs to “think about the way that [its] capital is being delivered”.
Former Wells Fargo CEO barred from banking industry, fined $17.5m
Seven other former Wells Fargo executives were reprimanded by the OCC.
FCA admits it does not track frequency of funds that block investor withdrawals
The UK financial watchdog has been severely criticised for its lack of oversight of several funds.
Equifax’s 2017 data breach will cost firm at least $1.38bn
$380.5m is for breach compensation, and $1 bn for information security overhaul.
The future of regtech is data-driven: How to stay ahead of the curve
There are no shortage of challenges that will need to be addressed through innovation.
UK regulators fire Libor warning shots as deadlines loom
The FCA and Bank of England tell industry the time to act is now.
Visa invests in data security start-up VGS to boost fintech innovation
The size of the investment has not been revealed.
Chinese regulators planning digital banking go-ahead
New set of rules could see a bevy of digital challengers in China.
Regtech: the new lifeblood of compliance
It changes the current compliance game for the better.
EBA underlines need for trust as industry adopts big data and analytics
European regulator observes that two-thirds of EU firms now producing big data services.
US and UK regulators take lead on AML fines for 2019
37 of the 58 fines were handed out by American and British regulators.
ESMA issues final report on SFTR, tackles non-EU LEIs
European regulator posts final notice before SFTR’s April live date
