Nasdaq uses AI to root out stock-market abuse
It detects irregular trading patterns and alerts officials according to machine-learning.
Regulation
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
FNA raises $5.5m for AI-driven regtech
The firm collaborates with regulators manage financial risks.
The importance of specialised standard software for MAD/MAR compliance
Experience and insights from three years of practical use.
Rakuten applies for US banking charter
The ABA expressed serious concerns Rakuten gaining a banking charter.
Volkswagen Bank relies on BearingPoint’s regtech
The bank is also outsourcing its data warehouse supply chain.
Barclays, RBS and other banks face £1bn forex rigging lawsuit
JP Morgan, Citigroup and UBS also named in US-style class action.
Betterment faces regulatory scrutiny after new accounts launch
The savings account offers annual yields of 2.69%.
Gay is for life, not just for June
Fintech firms can and must do more.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
FIs choose Cloudera for digital transformation
Cloudera enables digital transformation for global financial services institutions.
AcadiaSoft announces technology partnership with CloudMargin
The firms collaborate to provide an industry solution for uncleared margin rules.
A banker goes a-banking, volume 4: GDPR for the masses
It is time we gave some respect back to the drops that make the ocean.
Swift shifts from MT to XML format
Payment transfers will be shifting to the ISO 20022 standard.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Equifax to pay up to $700m to settle data breach
The records of at least 147 million people were exposed in the incident.
White paper: Are you using the best approach to catch digital identity fraud?
Donwload the Onfido white paper now!
Top fintech stories this week – 12 July 2019
N26 has superhero-landed in the US, new hip bank in Spain, and more!
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Former Equifax CIO jailed for insider trading
Jun Ying sold his shares before a data breach was made public.
Bank for International Settlements builds innovation hubs
Starting in Switzerland, Hong Kong, and soon in Singapore.
Visa acquires chargebacks tech firm Verifi
To combine Visa’s anti-fraud tech with Verifi’s solutions.
AI imaging platform Ocrolus closes $24m funding round
The document analysis solution combines machine processes with human intelligence.
Metro Bank selects Artesian’s KYC solution
Data-driven automation of KYC and risk, aims to improve onboarding processes.
FFIEC – has compliance caught up to security?
Examining the Federal Financial Institutions Examination Council (FFIEC) compliance controls.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
Top fintech stories this week – 14 June 2019
This week, we look at the FCA’s new rules, SoftBank’s investment, and the World Bank’s new tech.
H&R Block acquires Wave Financial for $398m
It follows Wave’s recent acquisition of Every.
Iccrea chooses Appian platform to serve 4.2m Italian customers
Appian will automate key processes for the 142-strong banking group.
Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
FCA introduces new rules for P2P platforms
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
Starling partners with paytechs Tribe and PelicanPay
Tribe launched at Money 20/20 Europe with UnionPay International deal.
Top fintech stories this week – 31 May 2019
The first Amadeus event on payments, a new Indonesian payment standard, and more!
Deutsche Bank’s suspicious transaction reporting hit by software glitch
The problem has prevented flagging for almost a decade.
Nuvei Bidco acquires paytech SafeCharge for $889m
SafeCharge board unanimously recommends the deal.
TransferMate lands major deal with WellsFargo
The financial details haven’t been disclosed.
Five banks fined €1bn for rigging foreign exchange market
UBS escaped a European Commission penalty after exposing the cartels.
White paper: Shapeshifting – a look at the evolving landscape of cross-border payments
Discussing consumerism, PSD2, managing risk and the power of digital ecosystem.
Zenus Bank launches aiming to serve global clients
The US bank holds an international license.
New regtech FrankieFinancial signs up Xinja and Novatti
Aims to solve $4 billion legacy systems overhead problem.
