Tax app untied receives authorisation from FCA
It can take full advantage of open banking.
Regulation
SmartStream RDU launches SFTR security reference data service
Gathering data required under SFTR could prove to be a headache for most firms.
FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit
This includes ads about its FCA Brexit webpages and a dedicated phone line.
Facebook’s Libra seeks payment system licence from Swiss regulator
The association also submitted a request for a ruling to clarify its regulatory status.
New challenger bank Zenus picks NICE Actimize AML tech
The bank wants a cloud-focused financial crime strategy.
Xinja lands full Aussie banking licence
It is the country’s first independent neobank to receive a full licence and open accounts.
Delta Capita and DTCC Collaborate on SFTR Testing
Delta will make the test pack available to DTCC to test its own SFTR matching and reporting service prior to launch.
PRA grants Allica its banking licence
It’s now planning for a full launch and will ultimately offer working capital solutions and cash management.
Revolut withdraws banking licence application in Luxembourg
It needs regulatory approval from an EU27 state to maintain EU single market access post-Brexit.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Malta FSA supports local fintechs
A new general counsel will manage domestic financial legislation.
Swift launches new API standard for open banking innovation
Universal API standards will speed up open banking.
Hong Kong authority changes guidelines to boost fintech
Lenders can now use big data analysis to review applications.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Cyber landscape, threats and trends in financial services
Investment in emerging technologies is likely to be a key theme next year.
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
Australian share trading start-up to launch in UK
Stake has been granted a licence by the FCA.
Distributed compliance is the key to banks increasing CDD and KYC challenges
We must we re-imagine risk management and compliance.
Fintech start-up Byhiras chosen for UK pension solution
The solution will be used by all UK LGPS pension funds by Q1 2020.
Danske reported to police over investment mis-selling
The Danish regulator says Danske broke investor protection rules.
Chairmans Financial rescues Ipagoo from administration
Chairmans plans to buy 100% of Ipagoo and some assets from its parent software company.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
White paper: Digitalisation, automation, coverage, timeliness and reliability
Challenges regarding the automatic exchange of information (AEOI) regarding tax matters summarised.
PPI-type scandals could return warns banking regulator
“When things get desperate, banks tend to take more risk.”
Big gains in the cloud, especially for small banks
But will putting our data in the cloud put our data at risk?
Challenger investment firm founder launches legal action against UK PM Boris Johnson
SCM Direct founding partner, Gina Miller, takes the Brexit battle to court once again.
Raisin completes takeover of MHB-Bank
It is the first fintech in Germany to buy a bank.
Tech Mahindra and Adjoint collaborate on blockchain finserv and insurance solution
This will be the firms first treasury and insurance blockchain solution offering.
Digital assets focused SEBA receives Swiss banking licence
It is being hailed as a milestone for the blockchain and digital asset economy.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Barclays customers suffer most internet banking incidents
There were 21 operational and security incidents within a year.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
Tink tells NCA companies “are not ready” for PSD2
The letter also asks for “stronger industry collaboration” with TPPs.
BMLL Technologies launches Derived Data Service
The service offers “unparalleled visibility” into the market.
Identitii secures second licence with HSBC
Identitii will provide the bank with its Overlay+ platform.
The cloud journey for market infrastructures
Some steps to ensure cloud-based is successful and meets the approval of regulators.
SMBC chooses Exiger AI compliance solution
Exiger promises SMBC it will boost its operational efficiency by more than 80%.
Israeli government to fast-track fintech and blockcain licences
Around 2,000 fintech and blockchain companies are currently seeking licences.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
