Top fintech stories this week – 2 August 2019
FNZ acquires GBST, LSE to buy Refinitiv, and more!
Financial Conduct Authority
Standard Chartered fined $1.1bn for bad AML and sanctions breach
Both US and UK regulators have imposed large penalties.
Goldman Sachs fined £34.3m for misreporting transactions
FCA found the firm made 220.2m errors.
Regulator syndicate unleashes Global Financial Innovation Network
Builds on UK regulator’s plan to create a global sandbox.
FCA and CFTC to collaborate on fintech innovation
Financial Conduct Authority and Commodity Futures Trading Commission have signed an arrangement for UK-US initiatives.
UK regulator plots global fintech sandbox
Financial Conduct Authority looking for views on the merits of a mega-model.
U.K. Slaps Deutsche Bank with $200 Million Penalty over Money Laundering Case
The U.K.’s Financial Conduct Authority has fined Deutsche Bank £163 million (US$204.7 million) for failing to maintain adequate anti-money laundering controls between Jan. 1, 2012, and Dec. 31, 2015, according to Paybefore sister publication Banking Technology.
.@USDFConsortium launches to develop and promote bank-minted stablecoin A consortium of US financial institutions… twitter.com/i/web/status/1…
Sustainable energy platform @InnoEnergyEU gains first financial institution shareholder, @ING_news “The investmen… twitter.com/i/web/status/1…
SaaS tech start-up financing platform @join_arc lands $161m investment “We’re on a mission to help start-ups grow,… twitter.com/i/web/status/1…
.@bluevine sells its founding invoice factoring business to Canadian rival @FundThrough All BlueVine invoice fund… twitter.com/i/web/status/1…
.@sixgroup, @BIS_org and @SNB_BNS conduct CBDC core banking integration test @Citi, @CreditSuisse, @GoldmanSachs,… twitter.com/i/web/status/1…
Indian #fintech FPL Technologies raises $75m in Series C round Pune-based FPL’s products are designed to create a… twitter.com/i/web/status/1…
Retail finance platform @divido appoints Todd Latham as CEO Latham will join Divido on 11 April and Neha Mittal, w… twitter.com/i/web/status/1…
Video: #fintech news pick of the week – @Checkout funding; UK #fintech investment; #digital currency pilot in Bahra… twitter.com/i/web/status/1…