Contis hit with €840,000 fine by Bank of Lithuania
The fine relates to alleged AML failings over a period between 2021 and 2022.
The fine relates to alleged AML failings over a period between 2021 and 2022.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Binance has agreed to pay $4.3bn in “one of the largest corporate penalties in US history”.
Blacksmith claims to have specifically tailored the platform for SEB following a year-long pilot project.
The bank was flagged by the OCC last year for “unsafe or unsound” practices concerning its BaaS business.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Its position on the watchlist was revealed last week via the release of a 217-page dossier outlining a rescue deal for the bank.
Data-driven study into verification practices among crypto businesses: checks, budgets, pass rates.
The joint venture will initially receive a $100 million capitalisation from both companies.
Cash App had been pursuing a VASP licence in the country since 2021.
The rules state that instant transfers must not cost more than standard services.
The proposals will target 17 companies who control 88% of the market share.
The challenger bank wants to focus its efforts on its “core markets”, namely Germany, France, Spain and Italy.
The company describes Sophia Fulugunya as “a front-line expert in transaction reporting”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The taskforce would seek to explore the “multibillion-pound opportunities” of a quantum-enabled economy.
Legislation covering “activities relating to fiat-backed stablecoins” will arrive early next year.
Reserve board member and governor Michelle Bowman has opposed the revised cap.
JP Morgan Payments will leverage Trulioo’s person match and identity document verification services.
The banks were unable to recover their systems within the allotted time following a service outage in Singapore.
Bankjoy says its solution enables new customers to open an account in just 90 seconds.
The PRA directed the bank last year to instate a CoP system by 31 October 2023.
The Board alleges that the bank violated customer identification rules.
Modulr is working to ensure it meets evolving regulatory requirements following a period of growth.
The partnership comes as Figopara gears up for a “significant” international expansion push.
Dr Henry Balani of Encompass Corporation discusses the impact of the review on the UK banking system.
Through the partnership, Generali Investments Holding will utilise Fenergo’s client lifecycle management solution.
The bank has been running on iMAL since 2010.
The Treasury is welcoming feedback on its latest proposals until 1 December 2023.
The company has now raised more than $500 million since its inception in 2015.
The proposals will be introduced to the Australian parliament this year.
Gupta joins Arival Bank from US-based consumer fintech company Eco, where he served as head of compliance.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The CFPB has made it clear to banks that people are entitled to get basic information without having to pay junk fees.
The company describes the licencing as “a significant step forward” for its position in the UK neobanking market.
We speak with Jason Harrell of DTCC about the emerging cyber threats financial institutions should be prepared for.
The regulator’s new rules for the promotion of cryptoassets went live on 8 October.
Bendras finansavimas, the operator of Savy, is expected to utilise all of Amlyze’s core modules.
The payment service provider is to deploy the regtech’s solutions to enhance its customer onboarding processes.
According to documents seen by CNBC, the SEC’s Boston office has been investigating Freedom for months.