Temenos says it “fundamentally refutes” Hindenburg allegations, plans independent review of claims
The Swiss vendor was hit with a string of allegations in a Hindenburg Research report last week.
The Swiss vendor was hit with a string of allegations in a Hindenburg Research report last week.
BaFin has extended its monitoring of Deutsche Bank until 30 October 2024.
Gupta succeeds Marina Khaustova in the role, who will now shift to the position of COO.
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The move, announced in 2020, was expedited by Hey Banco’s banking licence authorisation last July.
Regulators are attempting to deliver first-of-its-kind regulation to bring AI into a more desirable scope.
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
Bevan applied for a banking licence last May, with plans to provide mortgages for public sector workers.
Ripple has recently announced custody partnerships with HSBC, BBVA and Zodia Custody.
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The UK-based fintech says the hire marks its latest effort to “spearhead rapid global expansion”.
The new regulation was approved with 599 votes in favour, 7 against, and 35 abstentions.
The deal joins Fat Zebra’s payments platform with Adatree’s CDR-compliant open data capabilities.
The fintech has been licenced to operate in Europe since 2022.
The OCC says the fine relates to “systemic deficiencies” in the bank’s risk management and internal controls.
Despite his successful endeavours, Ainsworth writes that “it’s now time for something else”.
The RBI attributes its order to “persistent non-compliances and continued material supervisory concerns in the bank”.
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Our pick of the top fintech news stories this week includes Lloyds, HSBC, PayPal, Santander and more.
Lithuania’s fintech scene is thriving thanks to an environment that encourages innovation and collaboration.
The platform’s search is currently focused on companies with EMI/PI licences and revenues of up to $5 million.
The PRA says the fine is the second-largest issued by the regulator to date.
Sygnum says it will use the capital to expand into new markets and further develop its product suite.
HM Treasury and the BoE have responded to a public consultation initially launched last February.
NSF fees on debit card and ATM transactions will be “unlawful” under the proposed rule.
The EBA says it is accepting comments on the proposals via its consultation website until 18 April 2024.
Data transmission to the new CESOP database will start from 1 April.
The fintech unicorn previously gained an EMI licence from the central bank of Lithuania in July.
Encompass is to acquire 100% of both ING companies for an undisclosed sum.
Paymob now claims to be the first international fintech company to be fully licenced in Oman.
The bank expects to roll out a Sharia-complaint banking app within the next six months.
The stablecoin company has confidentially submitted a draft registration statement with the US regulator.
The partnership is in anticipation of Canada’s 2025 rollout of open banking.
Once the deal is completed, Salmon will own 59.7% of the Rural Bank of Sta. Rosa (Laguna).
The new digital bank has been formed through a partnership between Malaysian fintech Boost and RHB Banking Group.
Nubank subsidiary Nu Colombia received the approval from the Financial Superintendence of Colombia (SFC).
The Spanish central bank’s trials are expected to run for around six months.
The ECB is issuing five contracts to vendors worth a total of €1.1 billion, with work due to begin in early 2025.
Circle has appointed Coralie Billmann as head of French operations, subject to regulatory approval.
Paysera Bank has commenced operations in Georgia, opening its inaugural branch in Tbilisi.