Wells Fargo whacked with $1bn fine for lending violations
For US auto-loan administration and mortgage practices.
Compliance
Top fintech stories this week – 20 April 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
More API success in Portugal for PaymentComponents and Infosistema
Caixa de Crédito Agrícola Mútuo da Chamusca signs up.
Regulatory sandboxes in LatAm and Caribbean – Inter-American Development Bank report
Available in English and Spanish.
The evolution of regtech
The industry has proven itself to be resilient and, as always, it will find a way to adapt.
US regulator creeps towards position on fintech charter
Some details should be published within the next three months.
Farmers & Merchants Savings Bank moves to Fiserv core system
Iowa-based bank will implement Premier core platform.
22 European countries plot mega blockchain crew
The usual suspects plan the usual collaboration.
LGT selects Appway for digital client lifecycle management
LGT is owned by the suave-sounding Princely House of Liechtenstein.
PaymentComponents and Infosistema API framework secures Portugal win
Caixa de Crédito Agrícola Mútuo de Torres Vedras chooses AplonAPI.
India’s central bank puts a stop to cryptocurrencies
Reserve Bank of India ushers in a new reality for virtual currencies.
FCA looking to clear up cryptocurrency derivatives confusion
Clarity courtesy of the UK’s Financial Conduct Authority.
YapStone touches Couchbase for payments platform propulsion
Looking for inspiration with a cloud-native data sensation.
IBM brings desensitise touch to Rabobank’s client data
Dutch bank preps to comply with incoming GDPR.
FCA gets it on for UK asset management competition
Financial Conduct Authority explains next steps and timelines.
Australia gets tough on digital currency exchange providers
Cryptocurrency firms required to meet AML/CTF obligations.
Fintech funding round-up: 27 March 2018
Features Candex, MarketInvoice and Konsentus.
What is the India Stack and why is it no longer the dream it used to be?
The good, the bad and the ugly of the India Stack (or Aadhaar Stack) by Devie Mohan.
Bank of Ceylon combats financial crime with CustomerXPs’ tech
Sri Lankan bank has signed for Clari5 real-time AML solution.
Planet of Finance unleashes RoboComplianceOfficer for worldly wealthtech
Solution to help FIs with client onboarding, risk and compliance.
NICE Actimize brings AI tech to financial crime investigation
NICE Actimize has launched an artificial intelligence (AI) enabled investigation management system.
Cryptocurrency and tax compliance: navigating the new world of digital money
All you need to know about US tax compliance concerns associated with cryptocurrencies.
Standard Chartered hit with $4.8m fine for AML and CFT breaches
Risk management and controls were “unsatisfactory”.
Is fintech the answer to Norway’s credit crunch?
Further regulation of the loan industry could be necessary to protect consumers, says Norway’s government.
Mastercard and IBM join forces for new “data trust”, Truata
Truata is an independent trust to enable companies conduct analytics while complying with GDPR.
Beyond the bustle and the noise, my Money20/20 Asia takeaways
At the right events, you get to take the pulse of an entire industry and if you listen, you shall hear.
Isabel Group and norbloc to pilot blockchain KYC project
Working together with Belfius, BNP Paribas Fortis, ING and KBC.
FATF inspects UK’s defences against terrorist financing and money laundering
The Financial Action Task Force (FATF) is on the UK soil putting the country through its paces.
Styles&Wood gains two regtech deals in UK
Go Car Credit Limited and Chetwood Bank sign for the Arctick regtech solution.
First Abu Dhabi Bank deploys Fircosoft global sanctions screening tech
First Abu Dhabi Bank is “setting the standard for financial crime compliance in the Middle East”.
New clients in the Netherlands and Malaysia for Wolters Kluwer
ABN Amro and SME Development Bank sign for Wolters Kluwer’s OneSumX regtech software.
To become “cyber ready”, banks need to get to know their IT systems
The steps financial services firms need to take to keep up with regulation and protect against cyber threats.
Leumi ABL selects Encompass for KYC compliance
Asset-based lending subsidiary of Bank Leumi (UK) looks for improvements.
US Fed preps for next phase of payments push
All part of Fed’s ambition to revamp nation’s payments system by 2020.
Top fintech stories this week – 2 March 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
PayPal settles FTC complaints over Venmo vagueness
FTC reaches settlement over allegations that PayPal provided inaccurate payments information to Venmo users.
Banking Technology March 2018 issue out now
Fintech with flourish. Nourish your brain.
UK regulator turns cash saver with new credit card rules
FCA says new rules will save consumers between £310m and £1.3bn a year in lower interest charges.
Lemon Way selects Accuity for financial crime compliance
Decision follows a period of growth for Lemon Way.
FCA orders Vanquis to repay customers £168m for price disclosure fails
Also hit with fine of £1.97m for not disclosing full price of an add-on product.
