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.
Regulation
FSB publishes consultation on stablecoin regulatory challenges
Regulatory body publishes recommendations in response to G20.
Hong Kong challenger ZA Bank picks OneSumX for regulatory reporting
The first virtual bank in Hong Kong selects Wolters Kluwer system.
Identity verification platform Onfido bags $100m from TPG
The start-up wants to create an alternative “identity verification” layer for the internet
Avaloq extends Actico partnership to integrate compliance tech
Swiss technology vendor to embed compliance solution into its platforms.
COVID-19: Weekly wrap
FinTech Futures’ weekly coronavirus news wrap.
French markets regulator backs extension of short-selling ban
“I would probably be in favour of extending [the ban],” says chairman of the AMF.
HSBC reports money laundering breaches in Australia subsidiary
The breaches involved small amounts of cross-border foreign currency transactions.
Swedish central bank signs agreement to join TIPS from 2022
Swedish krona to be settled by EU-wide payments scheme in a few years’ time.
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.
Trustonic lands security deal with South Korea’s biggest bank
“KB Bank are taking a more open market approach,” says Trustonic.
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.
JP Morgan vs fintechs: Who really owns your data?
The bank gave fintech firms a choice: abide by data access rules or get out.
FNZ-GBST merger under scrutiny from UK’s competition watchdog
CMA says the combination of two major players could squeeze out smaller firms.
Keeping traders trading from home
Traders have found themselves operating in a new world.
ABN Amro withstands $200m loss from margin call failure of one client
The loss is equivalent to almost 10% of the bank’s annual profits.
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.
Spanish regulators approve $2.8bn SIX takeover bid for BME
SIX has been going head-to-head with Euronext for the Spanish exchange firm.
CFTC publishes final guidance on cryptocurrency actual delivery
The CFTC announces new guidance after lengthily market consultation.
FCA requests listed companies delay publishing preliminary financials
It highlights that this statement does not apply to AIM-listed companies.
UK auto-saving app Chip lands authorisation from FCA
The app has seen an influx of savers using its platform as of late.
Erste Bank Hungary integrates OneSpan into mobile banking
The bank hopes to keep transactions secure and comply with PSD2.
Revolut heads stateside with US launch
The London-based unicorn expands to North America.
Are enhanced security procedures more important than faster payments?
The industry is doing all it can to fulfil the SCA requirements laid out by the EBA.
World Bank issues $300m loan to boost Indonesian financial sector
International bank seeks to support Indonesian fintech and banks.
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.
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.
Stress testing: Turning an obligation into an opportunity
Challenges can be mitigated through greater automation and enhanced data management.
Will regulators make an example of trading unicorn Robinhood?
“We don’t think they were set up to do it properly,” says class action lawyer.
Western Union signs up Integral for BankFX system
Integral will deploy in the cloud across Western Union Business Solutions.
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.
