Video: fintech news weekly round-up – 28 January 2019
Featuring LatAm, ING, Alipay and Square.
Regulation
Lendtech Pepper Money looks for UK banking licence
Its ambitions are nothing to be sneezed at.
Age of Konsentus for Mastercard’s open banking
Firm selected by paytech titan to deliver TPP identity and regulatory checking solutions.
UK payments regulator back with card-acquiring services review
PSR sets the final terms of reference for the final stage.
Atom crypto exchange readies for Hong Kong launch
AAX will be powered by tech from London Stock Exchange Group.
Growth Street gets £7.5m funding to grow lendtech business
Round led by Merian Chrysalis Investment.
FCA answers calls for cryptoasset clarity
UK’s Financial Conduct Authority goes consulting again.
Lloyds to cut costs with Thought Machine platform move
Bank wants to transfer data to new core system – and job cuts also loom large.
Bankart to go live with Nets instant payments in Slovenia
It’s late but they now have got final approval from the Slovenian Central Bank.
EC fines Mastercard €570m for anti-competitive antics
Commission says firm obstructed merchants’ access to cross-border card payment services.
BlueCove signs up for Patronas compliance tech
The asset management firm is installing the OPUS system.
Volt first Aussie challenger to get full banking licence
The digital start-up will focus on smartphones.
Dutch regulators call for crypto licensing system
AFM and De Nederlandsche Bank have regularly warned against cryptos and ICOs.
China bosses blockchain and AI patents
Research by UHY reveals that Chinese companies filed 32% of all global blockchain patents in 2017.
Alipay gets European payments licence
Follows on from Google’s licence earlier this month.
AWS releases data back-up services
To help meet compliance requirements and automate processes.
Top fintech stories this week – 18 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
SocGen may close trading unit due to low profits
As it did with the Hong Kong desk.
Paytech Allpago powers on to Chile
PSP will help international merchants to accept local cards.
South Korea all clear for fintech sandbox
Nation’s Financial Services Commission pushes industry onward.
Canada calls for open banking answers
Department of Finance Canada awaits your awesome feedback.
RCB Bank picks Eurobase for TCM operations
The Siena system will also help with regulatory needs.
Deutsche Bundesbank eases banks into ISO 20022
By signing up to Swift MyStandards and Readiness Portal.
“Cryptofraud”: can the courts keep up?
How are civil courts going to deal with digital currencies in cases of fraud?
Banco Carregosa goes open with PaymentComponents
AplonAPI is the baby of PaymentComponents and Infosistema.
Goldman Sachs leads $8m funding in cyber firm Immersive Labs
Aims to boost its enterprise IT and cybersecurity teams.
Banks onboard for UK economic crime taskforce
The Economic Crime Strategic Board is unveiled.
Milleis Banque picks Wolters Kluwer for regulatory compliance
OneSumX for risk, regulation and reporting needs.
Banque Palatine signs with AxiomSL for AnaCredit compliance
One of the many firms keeping up with reporting regulation.
OCC fights for US fintech charter in court
Office of the Comptroller of the Currency seeks to dismiss CSBS litigation.
Brexit worries take TransferWise on Belgium licence hunt
UK office is safe but paytech wants to prep in event of a ‘no deal’.
SafeCharge to power Gett’s payment reconciliation
Transporting it to the new era of fintech.
Bloomberg picks Apstra for data and production network tech
Got the multi-vendor platform it needs for its London HQ.
Video: Fraud Orchestration with FCase
How to take fraud management systems from basic standalone detection to a more enterprise-focused approach.
Kuwait’s central bank goes live with TCS Bancs
After a five-year upgrade.
UK’s Financial Conduct Authority deepens Brexit prep
Wants feedback on financial services contracts regime and securitisation repositories.
DTCC gets approved for activities in Switzerland
Depository Trust and Clearing Corporation will offer Swiss-compliant trade reporting services.
USAA customers to get $12m back for payment errors
Consumer Financial Protection Bureau also fines bank $3.5 million.
£20k billboard in London calls for RBS investigation
Set up by victims of the bank’s alleged SME client mismanagement.
Google gets payments licence in Ireland
Follows on from last month’s licence in Lithuania.
