First Data agrees to $40m FTC settlement
The money will be used to provide refunds to consumers who may have been harmed.
RegTech
OP Financial chooses Finnish fintech Enfuce for turn-key PSD2 services
The services will help develop APIs alongside evolving regulations.
Four EU banking bodies request one-year delay to T2-T2S consolidation
The consolidation is due to be completed in November 2021.
New digital business models depend on agile and adaptive compliance processes
Flexibility, rhythm, and simplification are vital in helping institutions survive and thrive in this riskier world.
E-book: Are you using the best approach to verify customer identities?
Safely onboard more customers, supercharge your operations team, address identity AML & KYC compliance.
Chinese regulator preps for market clampdown
CSRC has promised a greater crackdown on fraud, insider trading and market manipulation.
Westpac discloses AML breaches and due diligence failures
Australian bank has set aside AUD 900 million for an expected fine.
Banking Technology May 2020 issue out now
Hope springs eternal: discovering alternative lending in times of crisis.
Morgan Stanley pays $5m fine for misleading investing clients
The bank’s retail “wrap fee” programmes incurred non-transparent charges.
Partnerships to drive industry forward in post-COVID world
The coronavirus pandemic has caused immediate changes to the financial services industry.
Fintech bridges and risk in the UK
These are seen by some to be a post-Brexit policy to ensure that the UK does not lag behind.
European Commission plans to plug gaps in AML and CTF rules
The EC wants to “shut down” any “loopholes” and remove any “weak links” in current rules.
White paper: The digitalisation of sell-side risk management
What are the latest trends in risk management for sell-side institutions and what shapes them?
IBM, R3, Mastercard, and Accenture form Trust over IP Foundation
The group want to create a standard for a decentralised digital identity exchange.
Only the best wealth management CRM can meet today’s regulatory challenges
It is not possible to overplay the economic and reputational importance of compliance.
Webinar: Transform your customer experience with modern information management
Real-life examples of how FIs delivered value to customers, reduced technology costs & transformed their businesses.
FCA extends SCA deadline for merchants by six months
The new timeline is 14 September 2021.
What the Fintech? Episode 4 | Partnerships: till death do us part
Sean Hunter CIO at OakNorth, offers his advice to companies struggling to make a partnership work.
The old-school approach to risk management you need to dump right now
Data that is submitted manually for compliance in many cases can be erroneous.
KPMG’s Wirecard audit fails to verify payments processing profits
Six-month investigation into the German firm encounters stumbling blocks.
EU payments bodies call for further SCA delay
An open letter sent to the EBA recommends a June 2021 deadline.
Mastercard-backed Trust Stamp spins out subsidiary AiiD Global
EXCLUSIVE: the new subsidiary will specifically develop solutions for emerging markets.
FSB consults on effective practices for cyber incident response and recovery
The FSB welcomes responses to the questions set out in the consultation by 20 July 2020.
Monzo applies for US banking licence
Monzo applied to the US OCC for the licence on Monday.
Webinar: Getting reconciliation right in the ‘decade of data’
A blueprint for consolidating, automating and driving efficiency across reconciliation.
Fenergo and IBM sign OEM agreement
Both firms will collaborate on the creation of financial crime solutions.
Certified liveness detection a must for FCA recommended customer selfies
How to comply with the legislation and ensure that appropriate safeguards and additional checks are in place.
Hong Kong challenger ZA Bank picks OneSumX for regulatory reporting
The first virtual bank in Hong Kong selects Wolters Kluwer system.
Kyckr extends Citigroup regulatory compliance deal
“There is no better referral than within an existing organisation,” says CEO.
Top 10 coronavirus initiatives by governments and regulators
A brief overview of how governments and financial regulators have reacted to coronavirus.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
FCA plans financial relief for customers amid COVID-19 pandemic
UK regulator wants a freeze on loan and credit card debt.
The ABCs of eKYC
A how-to guide for online identity verification and eKYC.
Biometric authentication to continue gaining ground in next decade
It’s a known fact, but it’s worth repeating: your personal data is never safe.
COVID-19: a call for digital transformation
This will not be a short-term event so businesses must prepare for the long haul.
Driving revenue through data privacy and compliance
Financial leaders can lay the foundation for turning data privacy into a revenue driver.
ECB calls for bank bonus moderation
The ECB will act against banks which don’t comply.
FNZ-GBST merger under scrutiny from UK’s competition watchdog
CMA says the combination of two major players could squeeze out smaller firms.
DataGuard raises $20m in Series A to provide GDPR-as-a-Service
The Munich-based firm claims to already have 1,000 customers.
Coronavirus: FCA announcements round-up
We collated a round-up of these notices to assist our readers on COVID-19 updates.
