Open banking platform Token authorised by FCA
Token is now an official AISP and PISP in the UK.
Regulation
Bacs and Faster Payments transferred to New Payment System Operator
Bacs and Faster Payments process a combined £6.3 trillion worth of payments annually.
Wolters Kluwer supplies regtech to CKV Spaarbank
CKV Spaarbank opts for Wolters Kluwer’s flagship OneSumX solution.
Erste Bank Hungary in paytech revamp with ACI Worldwide
Erste Bank Hungary (EBH) implements ACI Worldwide’s UP paytech suite.
PSD2 and the need for common security standards
Common standards for secure data exchange and robust authentication of PSPs’ interfaces are needed.
US sanctions impact on Hong Kong fintech
The stakes could not be higher.
Singapore to fast track applications for fintech inventions
Approval can now be granted in as quickly as six months.
Secure Trust Bank in regtech project with Jaywing
Jaywing’s Echelon will automate commercial IFRS 9 processes at Secure Trust Bank.
Stanbic Bank Zambia in regtech automation with BankBI
Stanbic Bank Zambia chooses cloud-based BankBI for regulatory reporting.
HooYu brings KYC tech to gold-as-currency enabler Glint
The appeal of gold as an investment remains strong.
2018: the year of data, data, data
Three “mega-trends” pointing the way to the future needs of clients and the changes banks must undertake to remain relevant.
MiFID II – the long tail of legal documentation repapering
The requirement to repaper legal documentation must now be treated as business as usual.
Wells Fargo whacked with $1bn fine for lending violations
For US auto-loan administration and mortgage practices.
Top fintech stories this week – 20 April 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Regulatory sandboxes in LatAm and Caribbean – Inter-American Development Bank report
Available in English and Spanish.
TransferWise joins UK’s Faster Payments system
First non-bank payment service provider to directly access system.
The evolution of regtech
The industry has proven itself to be resilient and, as always, it will find a way to adapt.
Lithuania plots virtual limited liability companies on blockchain
Nation will let VLLCs be remotely managed using blockchain.
US regulator creeps towards position on fintech charter
Some details should be published within the next three months.
22 European countries plot mega blockchain crew
The usual suspects plan the usual collaboration.
PayTech Awards 2018: The Paytech for Good Award
Honouring organisations for outstanding social impact.
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.
CivilisedBank to reapply for banking licence
“To allow time for further technological development.”
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.
Uber gives drivers a lift with Visa Debit Card
But it also faces tax problems in Denmark.
Australia gets tough on digital currency exchange providers
Cryptocurrency firms required to meet AML/CTF obligations.
FCA welcomes EU agreement on Brexit
Everyone be cool. This is Brexit.
Fintech funding round-up: 27 March 2018
Features Candex, MarketInvoice and Konsentus.
Bank of Ceylon combats financial crime with CustomerXPs’ tech
Sri Lankan bank has signed for Clari5 real-time AML solution.
Bank of England angles in on fintech hub scene
News revealed at yet another fintech conference in London.
Say ciao to new ItaliaFintech association
Group represents 19 firms with nearly one million clients.
NICE Actimize brings AI tech to financial crime investigation
NICE Actimize has launched an artificial intelligence (AI) enabled investigation management system.
UK government fires up fintech with sector strategy salvo
The nation’s overlords set out their ambitious “Fintech Sector Strategy”.
Fintech funding round-up: 21 March 2018
Features M-BIRR, Funding Xchange, MarketInvoice, Digital Reasoning and regtech bouncer Enforcd.
Introducing PayTech Awards!
Celebrating excellence in the use of IT in the finance and payment industry, and the people who make it happen.
Standard Chartered hit with $4.8m fine for AML and CFT breaches
Risk management and controls were “unsatisfactory”.
Bank of England chief claims cryptocurrencies kind of cool
He’s changed his tune.
