Central Bank of Ireland proposes minimum knowledge requirements for credit union workers
The reforms will take effect from 1 October 2024 and will incur a four year transition period.
Standards
Fairer Finance appoints Tim Hogg as director to strengthen Consumer Duty expertise
Hogg describes Consumer Duty compliance as “a comprehensive, multifaceted obligation that demands a nuanced approach”.
Sibos dreams of a T+1 settlement utopia on eventful day three
Panels at this year’s Sibos have discussed the benefits of T+1 settlements across all global capital markets.
Sibos 2023: Empathy and AI – banking’s duty of care
Ultimately, the responsibility lies with humans to decide where, when, and how AI is deployed.
Sibos highlights ISO 20022 as key enabler of financial innovation
Experts at Sibos evaluated how enriched data is enabling innovation in AI and the rise of predictive analytics.
Romania’s Libra Internet Bank taps Temenos to modernise payments
With Temenos Payments, the bank aims to facilitate ISO 20022 cross-border payments and reporting on the Swift network.
Sibos 2023: You can’t manage what you can’t measure – the role operational data will play in the successful transition to T+1
Automated solutions enabling the timeliness of middle office processes can be key to the T+1 readiness.
Sibos 2023: How data enables the paradigm shift to accelerated settlements
SmartStream’s Vincent Kilcoyne explains why the success of accelerated settlements hinges on quality data.
How the UK is making the fight against financial crime more connected than ever
The Economic Crime and Corporate Transparency Bill could revolutionise how the UK fights financial crime.
What the FinTech? | S.4 Episode 14 | Financial vulnerability and the Consumer Duty
In this episode of the podcast, we’re joined by Helene Panzarino of the London Institute of Banking and Finance.
Cartoon: Are we ready?
AI/ML is advancing at pace, but we might not have all the unintended consequences worked out yet.
State of play: 2023 so far
What’s the current state of play for the financial services sector and what can we expect for the remainder of 2023?
Principles, practices and persistence: the Consumer Duty deadline arrives
The regulation is set to completely transform the relationship between financial services firms and consumers.
Fintechs call on UK government to put an end to hidden fees in cross-border payments
15 fintechs including Wise, Monzo, Revolut and Klarna have penned an open letter to UK chancellor Jeremy Hunt.
Go green software – your bonus may depend on it!
Embracing green software principles can unlock numerous benefits for financial services firms.
FinTech Futures: Top five stories of the week – 7 July 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
An open approach to open banking
To grow open banking worldwide, governments and industries must have an open, collaborative attitude.
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.
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.
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.
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.
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.
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”.
Mastercard rolls out Crypto Credential service to strengthen trust in blockchain ecosystem
Mastercard Crypto Credential defines verification standards, instilling “critical” trust in blockchain tech.
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.
Blockchain infrastructure platform Paxos to pull out of Canada
Customer accounts without funds will be closed on 9 May, Paxos says.
Central banks of UAE and India partner for cross-border CBDC testing
The central banks will conduct joint proof of concept and pilots of bilateral CBDC cross-border transactions.
Aussie central bank reveals participants and use cases for CBDC pilot
The selected industry players will participate in use case proposals over the coming months, the central bank says.
OpenWallet Foundation launches to boost digital wallet interoperability
The OWF intends to provide the “software engine” that organisations can use to develop digital wallets.
Riyad Bank taps SunTec for e-invoicing integration with Saudi tax office
The integration allows banks to share standardised e-invoices with Saudi tax office Fatoora.
European Commission launches blockchain regulatory sandbox
While blockchain is known for crypto, the Commission says the tech has a “wider utility” beyond financial services.
Bank of Japan to launch CBDC pilot programme in April
The pilot will test the technical feasibility of a CBDC and leverage the “skills and insights” of private industry.
Corlytics acquires regulatory lifecycle platform ING SparQ in €5m deal
Corlytics’ CEO John Byrne says the deal “sets the runway for further strategic acquisitions”.
The BaaS Association names first CEO, Bill Briggs
Founded last year, the association says it represents over 80% of current BaaS sponsor banks in the US.
Saudi Central Bank debuts open banking lab to boost innovation
The Open Banking Lab will provide a technical testing environment to ensure compatibility with the country’s Open Banking Framework.
2022: Top five crypto developments
FinTech Futures takes a look back at some of the year’s top crypto developments and stories.
Six actions CISOs should consider for stronger compliance and risk mitigation
Banks face increasing regulations and compliance requirements as the cyber landscape grows more complex.
It’s crunch time for open banking in the UK
The UK government and regulators have a golden opportunity to set open banking on a path to success.
Let talent thrive
When it comes to talent investment, far too many financial firms continue to get it wrong.
