ROSCA: Is there a potential for entering developed markets?
It matches the needs of rural households thanks to its simplicity and informal understanding.
Regulation
Nasdaq proposes IPO alternative to raise funds
Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.
Why the world needs synchronised timing
The value of timing provides the opportunity to bolster the very fabric of our vital infrastructure.
TD Bank pays $122m for obscuring overdraft penalties
US bank charged by CFPB for anti-consumer practice.
Scotiabank pays over $127m for commodities price manipulation
It also faced charges of compliance and supervision failures.
The revolution will be regulated
When it comes to digital adoption, the regulator has been the biggest driver of change in the more mature markets.
Wells Fargo compliance chief Mike Roemer steps down
The major US bank is undergoing a risk restructure.
Video: Top fintech stories this week – 14 August 2020
FinTech Futures’ weekly news round-up.
Robinhood kicks off hiring spree in Texas and Arizona
Trading app says it plans to hire hundreds of new support staff.
Regtech firm kompany raises $6m in venture funding
The firm plans to use its new cash to develop KYC solutions.
Streamlining manual processes amid COVID-19
Find out how to digitise manual documentation processes with Foxit Software.
Capital One fined $80m for 2019 data breach
US firm pays the price for hack that exposed data of 106m customers.
Varo receives US national bank charter
Varo Bank will serve as the firm’s new banking arm, with Varo Money becoming its holding company.
Video: Top fintech stories this week – 31 July 2020
FinTech Futures’ weekly news round-up.
Smart guide: How voice technology can protect your bank
To remain compliant and mitigate risk, voice tech should represent a core component of financial institutions’ regtech stack.
Phoenix Life aims to meet IFRS 17 with Oracle tech
Phoenix Life is an existing user of several Oracle systems.
Talk like an Egyptian: a brief history of data encryption
Can today’s PKI encryption techniques fill the promise of inherently secure data?
Video: Top fintech stories this week – 24 July 2020
FinTech Futures’ weekly news round-up.
US national banks granted authority to hold crypto for customers
US banks and federal savings associations can offer cryptocurrency custodial services.
CCAF, World Bank and World Economic Forum call on industry to take part in COVID-19 fintech study
Working in fintech? Take part in the survey and share your views!
COVID-19 analytics: the lesson for those involved in policy management
Modern data-enabled systems and processes are the key to staying competitive.
The LIBOR transition: why financial organisations need to work smarter and not harder
This LIBOR solution replaces an army of paralegals with technology able to extract information from a 200-page document and over 140 various data points.
SoFi files banking charter application with OCC
The $4.3 billion fintech wants to take another crack at banking.
Five ways it pays to go beyond ID-only verification
Identity verification serves many benefits to organisations seeking to build trust in their online channels.
Why remote onboarding is going to make or break banks
A number of onboarding steps can be automated, streamlined and simplified to deliver a better customer experience.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
Ardent Financial picks SteelEye for MiFID II and MAR compliance
Newly-launched securities firm aims for automation.
Deutsche Bank faces $150m fine for Jeffrey Epstein ties
“The bank’s failure to recognise this risk constitutes a major compliance failure.”
LIBOR transition: everything you need to know
How NIIT Technologies is supporting businesses grappling with LIBOR transition.
Introducing CRUX Digital Days – getting the crux of the tech matter
What’s shaping the financial services technology industry of today and what awaits it tomorrow?
US regulators relax Volcker Rule restrictions
Major US banks allowed to unlock wider range of investment options.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
Adverse media screening: a key pillar of financial crimes compliance
Can we leverage AI to enhance the effectiveness and efficiency of adverse media screening?
Video: Top fintech stories this week – 26 June 2020
FinTech Futures’ weekly news round-up.
New York regulator plans to ease cryptocurrency rules
DFS announces batch of changes amid MOU with New York university.
Data privacy versus data security: why is it so hard to have both?
Blockchain and other DLT secure data by making it immutable.
Liquidity risk COVID-19: big vs small data
Banks must be prepared to perform deep due diligence on their credit lines and loan books.
Europe battles on with digital tax plans despite US walk out
Almost 140 countries are part of the talks to bring in a digital tax.
CFTC fines Deutsche Bank $10m for swaps failure & trade spoofing
Banking giant caught out by US regulator.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
