Accuro selects Objectway to power new wealth management platform
The new solution is built on the vendor’s Objectway Platform offering, hosted on the cloud.
Regulation
What the FinTech? | S.4 Episode 8 | The future of open banking in the UK
In this episode of the podcast, we’re joined by OBIE chair and trustee Marion King.
Germany’s Unstoppable Finance to build Europe’s first DeFi bank
The fintech firm also plans to issue a fiat-backed euro stablecoin.
NYAG proposes new legislation to strengthen crypto regulation and protect investors
The proposed bill aims to increase transparency, eliminate conflicts of interest and protect victims of fraud.
Crypto exchange Bittrex files for bankruptcy protection in the US
The move comes just weeks after the firm announced it would be shutting down operations in the US.
FCA continues clampdown on unregistered crypto ATMs in Exeter, Nottingham and Sheffield
The regulator says it will review the evidence gathered and consider taking further action where necessary.
Open banking: why the time is now for UK banks to act
Banks should direct their attention towards legacy systems to optimise the return on their fintech investments.
TD Bank nixes First Horizon merger citing regulatory approval delays
The merger has been mutually terminated and TD Bank has agreed to fork out $200m in cash to First Horizon.
PSR names civil service veteran Natalie Golding as chief operating officer
Golding joins from the Cabinet Office where she was director of the leadership, government skills and curriculum unit.
LHV lands UK banking licence from the Prudential Regulation Authority
LHV is the first company to receive a banking licence without restrictions in the UK in 2023.
FCA proposes listing regime revamp to make UK more competitive
The FCA says its proposals would make listing rules “more effective, easier to understand and more competitive”.
Cartoon: Curmudgeon
A new cartoon illustrating the arbitrary approach to crypto regulation in the United States.
IOUpay goes into voluntary administration over suspected fraud
It took this step due to a “number of outstanding debts” with “no reasonable prospect” of repaying them.
FinTech Futures: Top five stories of the week – 28 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Pakistan’s UBL Fund Managers taps Codebase for digital onboarding solution
The omnichannel digital onboarding solution has been built using Codebase’s Digibanc platform.
UK regtech GSS names Ruth Fletcher as joint COO and CFO
Fletcher previously served in a similar capacity as COO/CFO at international money transfer firm CurrencyFair.
UK regtech Facctum appoints two senior executives
Onkar Inamdar joins as head of engineering and Syam Chintapenta as chief development officer.
Binance.US pulls out of Voyager asset acquisition citing “hostile” regulations
Binance.US cites “the hostile and uncertain regulatory climate” in the US as its reason for pulling out.
Smile Identity acquires Appruve to expand across Africa
With the acquisition, Smile Identity aims to expand its reach across Ghana and francophone Africa.
Cross-border paytech PingPong Payments nabs UK EMI licence
With the licence, PingPong Payments will be able to offer its services to customers across the UK and Europe.
EU crypto “travel” regulations pass European Parliament vote
MiCA will ensure crypto transfers can be traced and suspicious transactions blocked.
Barclays names Kirsty Everett as chief compliance officer
Everett will join Barclays on 1 July, subject to regulatory approval.
P27 Nordic Payments withdraws clearing licence application, leaving the project’s future unclear
P27 says “new requirements and regulations” have challenged its operating model.
Intellect launches new open finance-based core banking platform, eMACH.ai
Intellect claims its new cloud-based platform is the largest of its kind in the world, offering 1,214 API connections.
SocGen digital asset arm unveils Euro-pegged Ethereum stablecoin
The stablecoin is designed to bridge the gap between traditional capital markets and the digital asset ecosystem.
Regtech Kaizen acquires compliance solutions firm Red Deer
Red Deer head of product Alistair Downes says the deal will leverage both firms’ “expertise and technology”.
Januar lands European payment licence from Danish regulator
The Danish start-up will now be able to onboard clients from across the European Economic Area (EEA).
IFGS 2023: Collaboration key for Singapore’s burgeoning fintech sector
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
IFGS 2023: UK has the opportunity to take the lead on tailored BNPL regulation
Klarna and Block discussed how the UK can set the tone for BNPL regulation at IFGS 2023.
Former CIO of TSB Bank fined £81k by PRA over 2018 IT disruption
The PRA says Carlos Abarca breached its senior manager conduct rules.
Blockchain infrastructure platform Paxos to pull out of Canada
Customer accounts without funds will be closed on 9 May, Paxos says.
FinTech Futures: Top five stories of the week – 14 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Paynetics lands UK EMI licence from the FCA
Paynetics was previously operating in the UK under the FCA’s Temporary Permission Regime.
Very Good Security names former Visa exec Chuck Yu as CEO
At Visa, Yu led teams across the business, including business development, sales, finance, and operations.
Webinar: How to power risk decisions faster than the competition
Hear from Allica Bank and tbi bank on mitigate risk, grow revenue, and improve the banking experience.
FCA orders closure of WealthTek, joint special administrators appointed
The FCA ordered WealthTek to cease all operations last week, citing “serious regulatory and operational issues”.
UK payments start-up Ryft secures FCA licence
The company raised £1.5 million in a seed funding round last year.
FinTech Futures: Top five stories of the week – 7 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK’s Payment Systems Regulator unveils annual plan and budget
The UK’s Payment Systems Regulator has published its key aims, activities and budget for the next year.
FDIC looks to sell SVB and Signature Bank securities portfolios
The FDIC says the two portfolios are worth around $27 billion (Signature Bank) and $87 billion (SVB).
