South Korea sets out measures to promote competition in banking sector
Financial authorities will work to bring about fair competition by allowing more players to enter the market.
Regulation
Corlytics snaps up Clausematch in latest regtech acquisition
The deal marks Corlytics’ second acquisition of the year after buying ING SparQ in January 2023.
Inpay becomes Scandinavia’s latest EMI following FSA accreditation
The firm is now the first Scandinavian fintech to hold EMI, TPP and PSP licences.
Bank of Lithuania revokes EMI licence of PayrNet
The central bank says it took the decision due to “serious, systematic and multiple violations of legal acts”.
FinTech Futures: Top five stories of the week – 30 June 2023
Featuring Orange Bank, Visa, Pismo, Robinhood, and more.
FinTech Futures Jobs: Is your office culture blameless, or blame-filled?
Explore thousands of open roles on the FinTech Futures Job Board today.
UK signs financial services cooperation agreement with EU
The MoU aims to establish an “ongoing forum” to discuss voluntary regulatory cooperation.
Socure snaps up ID verification start-up Berbix for $70m
Socure has integrated Berbix’s tech to launch its new predictive document verification solution, DocV 3.0.
European Commission proposes new measures to modernise payments
The proposed measures include revising the Payment Services Directive to become PSD3.
One Trading, formerly Bitpanda Pro, bags €30m funding
The funding round was led by Peter Thiel’s Valar Ventures.
Cartoon: Rules of the road
A new cartoon illustrating the enforcement approach that US regulators are taking with the crypto industry.
Philippines signs MoU with India to strengthen fintech cooperation
The MoU will help establish a joint working group on fintech between the two countries.
Binance exits Netherlands; under investigation in France
Binance failed to secure a virtual asset service provider (VASP) licence in the Netherlands.
Looking in the future of financial services at AI Summit
How does an industry like financial services make sense of all of the AI potential?
Nasdaq to acquire software firm Adenza for $10.5bn
The transaction, subject to regulatory approvals, is expected to close within six to nine months.
UK FCA toughens rules for marketing of cryptoassets
From 8 October, companies will have to introduce a “cooling-off period” for first-time investors.
Iceland Innovation Week: Big things have small beginnings
This industrious nation is carefully cultivating a fintech scene that belies its population of 300,000 people.
FinTech Futures: Top five stories of the week – 9 June 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
US SEC sues crypto firms Binance and Coinbase
The US regulator has filed charges against both firms this week amid a crackdown on crypto.
Regtech start-up Consilient names Jeremy Kedziora director of data science
Consilient, a US-based regtech, aims “to transform how the industry prevents financial crime”.
UK payments start-up PayFuture secures EMI licence from FCA
PayFuture aims to help businesses connect with local payment options in emerging markets.
Bank and payment data fintech Ribbit acquires regtech ValidiFI
Ribbit CEO Greg Rable says bringing together the two companies is a “win-win” for both customers and Ribbit.
FinTech Futures: Top five stories of the week – 2 June 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Regnology in talks to acquire French regtech Invoke
The deal will mark the fifth acquisition by Regnology in less than a year.
FinTech Futures: Top five stories of the week – 26 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Swedish fintech Qred lands full banking licence
Qred operates an AI-led financing platform to offer loans, credit cards and factoring for small businesses.
Australian government set to regulate BNPL industry
Australia aims to introduce the final BNPL bill in the parliament by the end of 2023.
Swedish paytech Trustly strengthens risk management with new hires
Anna Bjurefeldt joins Trustly as head of internal audit and Mia Bjurkell as director of risk and compliance.
UK payments regulator PSR unveils new-look executive team
Oliver Hanmer joins as head of supervision and compliance monitoring, completing the PSR exec team hires.
Hong Kong Monetary Authority kickstarts e-HKD retail CBDC pilot
A total of 16 firms have been chosen from across the financial, payments and technology sectors to take part.
FinTech Futures: Top five stories of the week – 19 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Singapore’s Whampoa Group selects Bahrain as HQ for new digital bank
Launching end of 2023, the new digital bank aims to support the adoption of digital assets worldwide.
Bank of England reportedly planning to reject Revolut banking licence
The PRA reportedly intended to issue a warning notice to Revolut over its balance sheet.
Binance set to withdraw from Canada citing new guidance
Binance says it is joining other “prominent” crypto businesses in “proactively withdrawing” from Canada.
Intapp acquires employee compliance software firm Paragon Data Labs
Intapp says the acquisition will augment its risk management and compliance offering.
Dopamine, BNPL and subprime lending
How can BNPL be structured to serve consumers better and help them be more responsible?
FinTech Futures: Top five stories of the week – 12 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Revolut’s chief financial officer Mikko Salovaara departs
Salovaara’s departure follows the exit of James Radford in March, who served as chief executive of banking.
SEC fines HSBC and Scotia Capital over recordkeeping failures
HSBC Securities and Scotia Capital have agreed to pay penalties of $15 million and $7.5 million respectively.
Join the elite panel of judges for Banking Tech Awards 2023
Apply to become a judge for the Banking Tech Awards 2023!
