BIS fintech report: More harmonised standards and less TPP reliance
BIS has published a cross-country review on the fintech regulatory landscape.
Standards
Goldman Sachs fined $1m for not recording traders’ calls in 2014
The bank failed to record calls for three weeks.
Federal Reserve shelves tougher liquidity rules for foreign banks
Minimum level of liquid assets not required by US branches.
ISLA tells lenders how to avoid “unsustainable levels” of cost and risk
By standardising and automating, the industry will become “future-proof”.
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
Australia orders audit of PayPal’s reporting compliance
The company reported itself following an internal review.
We don’t forgive easily
If we feel betrayed, we rarely go back or give you a second chance.
Delta Capita and DTCC Collaborate on SFTR Testing
Delta will make the test pack available to DTCC to test its own SFTR matching and reporting service prior to launch.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
AdviceRobo launches PSD2 robot for credit decisions
The AI-prediction model uses transactional data.
CHL Mortgages picks Jaywing for IFRS 9 monitoring
The provider began work on the project by providing independent model validation to CHL.
Case study: Information Builders and Millennium BCP
See how the largest private bank in Portugal, Millenium BCP enhanced decision-making capabilities
Webinar: Digital, Data and Disintermediation – Modern Banking
Register for the FinTech Futures and Information Builders webinar now
IBM debuts blockchain network for cross-border payments
Blockchain World Wire can transfer funds in 47 currencies to locations in 72 countries.
White paper: Multi-cloud fundamental to financial services’ transformation
Discover major trends that are impacting financial service businesses
The biggest development since the Euro: how ISO 20022 will transform payment market infrastructures
ISO 20022 is an all-encompassing force that will irrevocably alter the payments space for the better.
Analysis: openfunds − raise the standard
It’s surprising how haphazardly much of the data in investment funds is distributed.
The emerging landscape of fintech regulation
Just passing laws will not work to control fintech. Regulators will have to be much more pro-active.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
European Banking Federation calls for reporting regulation review
Current regulation makes reporting inefficient and discourages communication, EBF says.
Daily News at Sibos 2018 – Day 3
All the latest news and analysis from Swift’s premier event of the year.
Daily News at Sibos 2018 – Day 2
All the latest news and analysis from Swift’s premier event of the year.
Daily News at Sibos 2018 – Day 1
All the latest news and analysis from Swift’s premier event of the year.
Bank of Beirut hits IFRS 9 goals with Wolters Kluwer
Bank of Beirut opts for Wolters Kluwer’s OneSumX regtech.
Top fintech stories this week – 5 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Playing catch-up: post-trade modernisation vital for Nordic banks’ global ambitions
A key part of the Nordic banking industry is under pressure to modernise its post-trade operations tech.
Why blockchain could revolutionise trade finance documentation
Standards, regulation and a network all need to be fully achieved before widespread adoption.
UK government puts its heart into Digital Charter
Pushing new standards to keep digital economy, cybersecurity and tech investment on track.
Unibank becomes Armenia’s first bank to comply with Swift security standards
Unibank is now fully compliant with the required standards of security for the Swift payment infrastructure.
Biometrics: a question of standards and yet more questions
Watching the recent of smartphone launches, I am taken aback by just how much smartphone manufacturers have led to the normalisation and acceptance of biometrics by consumers.
Corporate banking: clear sky thinking
Swift’s global payments innovation (gpi) has taken giant steps towards solving many of the challenges corporates have faced with cross-border payments.
Daily News at Sibos 2017 – Day 4
Read our fourth and final Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!
NextLabs and NIST team for access rights management framework in financial services
National Institute of Standards and Technology (NIST), an agency of the US Department of Commerce promoting innovation and industrial competitiveness, and cybersecurity tech specialist NextLabs have partnered to develop a framework for implementing and administering access rights management (ARM) in the financial services sector.
Is fintech to banking what craft ale is to brewing?
Is fintech to banking what craft ale is to brewing? If so, what can banks learn from the rise and rise of craft ale? Aden Davies, principal consultant at ABZD, looks at ten trends seen in the craft ale industry that have interesting parallels with the rise of fintech.
Oracle unveils new global payments solution for banks, Oracle Banking Payments
Oracle has unveiled its brand new development, Oracle Banking Payments. The product has been built from the ground up, leverages ISO 20022 and supports global and local payment standards (SEPA, Swift 2017, Fedwire, US ACH and Swift’s gpi).
Four banks team up to standardise repackaging transactions
Deutsche Bank, Morgan Stanley, Nomura International and Societe Generale have teamed up to produce documentation for use in listed and unlisted repackaging transactions. According to the banks, repackaged products provide the investor exposure to the underlying credit of an issuer and are specifically designed for the investor’s risk-return needs. In addition, cash flows can be […]
ISITC Europe and Oasis to define technical standards for blockchain
The International Securities Association for Institutional Trade Communication (ISITC) Europe and the Organisation for the Advancement of Structured Information Standards (Oasis) are to jointly define technical standards for blockchain/distributed ledger technology (DLT).
Sibos 2016: collaboration will energise ISO 20022
To drive ISO 20022 adoption, the industry is calling for collaboration and for those with the ‘right stuff’ to lead the way. A panel yesterday, ISO 20022 market practice developments, gave a global view of the status of ISO 20022 in the payments and securities markets. Gerard Smith, director collateral services at LCH.Clearnet, said the […]
The path to perfect harmony
The nitty-gritty work has been done with IS0 20022, but new technology and regulations mean that institutions will have to standardise their workflows as well.
PSD2: 5,000 banks, 15 months and lots of work to do
In a mere 15 months, approximately 5,000 financial institutions across Europe will be required to provide open access to customer, transaction and payment information via APIs. “This is a massive amount of work,” said James Whittle, director of industry policy for Payments UK, the representative body for the country’s payments industry, speaking at the EBAday […]
