Europol teams with Cyber Defence Alliance to fight fraud
To share intelligence on cybercrime activities.
Regulation
Nexo Standards Annual Conference: equality and fraternity
Paytech news from the Paris show.
Volante’s paytech to support PSD2 and open banking at QIB UK
Qatar Islamic Bank UK will implement Volante’s VolPay Channel: Open Banking and Token.
Canada edges to open banking
Government looking at the trends with benefits.
India’s largest crypto exchange Zebpay has its day
Stops trading due to regulatory pressures from RBI.
FCA fines Tesco Bank £16.4m for failures in 2016 cyberattack
Regulator cites deficiencies in debit card design and lack of care.
Live chat in banking: recording conversations for compliance
Live chat offers a flexible, transparent and secure tool for recording customer conversations.
Australia’s big banks slammed for greed and dishonesty
Royal Commission roasts them in its interim report.
India’s fintech firms fight against Aadhaar restrictions
They want access to the biometric database to verify customers.
Bank of Lithuania’s sandbox seeks fintech start-ups
Central bank offers live environment for testing.
Wells Fargo plans to cut 26,500 jobs
Significant job cuts expected over the next three years, according to CEO.
NPSO releases first details on New Payments Architecture
The details are around new procurement process for the clearing and settlement layer.
Open Banking shouldn’t be written off, the revolution is just starting
Realising the benefits that Open Banking will deliver will take time.
UK seeks Asian fintech ties post-Brexit
Economic secretary of the UK Treasury, Joh Glen, tours Asia.
The future of client onboarding
Every interaction that your customer has with you is an opportunity for you to make an impression.
Bank of England preps UK fintech for next decade
Its “Vision 2030” looks at the future of finance across the nation.
Tying compliance and operational risk
How financial institutions can effectively operate in the ever-changing regulatory space.
Scotland’s Strathclyde Uni unleashes fintech accelerator programme
Brave hearts can apply for an overall package of £10,000.
Equifax fined £500k for UK security breach
15 million UK citizens were affected during the cyberattack in 2017.
Webinar: Overpromised & Underdelivered – Common Misconceptions About AI for Banking
Tuesday, 9 October. Register now!
High noon for UK’s “Wild West” crypto-assets
Treasury Committee puts on sheriff’s star and shoots straight.
KGI Bank pioneers Taiwan’s first regulatory sandbox
In collaboration with Chunghwa Telecom.
Singapore unveils world’s first unified payment QR code
SGQR will be adopted by 27 payment schemes.
New York sues US to halt fintech charters
Another regulator kicks up a fuss over national bank charters.
State supervisor keeps on fighting against US fintech charter
Conference of State Bank Supervisors will renew its litigation against OCC.
Top fintech stories this week – 14 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
White paper: The state of IT incident response in financial services
The financial services sector is beset by ever more high-profile IT failures.
Mexico’s Fintech Law now published and live
Setting fintech standards for Central and South America.
US blockchain start-ups launch Blockchain Association
The crypto force assembles!
Euro banking watchdog gets anti-money laundering bite
Oh European Banking Authority, what big teeth you have!
Bank of China US ups compliance with Fenergo
Welcome to the world of acronyms: KYC, AML and CDD.
Abu Dhabi regulator tightens up funding rules
ADGM also teams with Beijing-based firm for Belt and Road initiative.
Kasasa unveils new compliance solution, RegGen
Firm is now entering the regtech space.
IRRBB: the big picture in miniature
Work at the IRRBB lab is a never-ending process of experimentation and discovery.
TNB USA Bank sues NY Fed over master account access
Connecticut-based bank says it needs the account to function.
Wells Fargo wholesale banking unit probed for fraud
US Justice Department checking out bank employees and management pressure.
Goldman Sachs hasn’t dropped crypto trading desk plans
Well… this story has been updated.
IdentityMind unveils regtech webstore
Will let companies integrate compliance and regulatory technologies into their solutions.
UK’s New Payment System Operator opens developer portal
PSPs and billers are cordially invited to develop “Request to Pay”.
ING feels sting of €775m fine for money laundering mishaps
Dutch bank says its “shortcomings enabled customers to misuse accounts”.
