Latest Reporting/compliance News: Finextra Research

Hackers steal $60m from Japanese crypto exchange

Security problems in the cryptocurrency market continue to mount after a Japanese digital currency exchange, Zaif, lost $60m to hackers.

20 September 2018

News/Reporting/compliance

Crypto exchanges’ legal status questioned in NY

New York’s Attorney General (AG) has reported three crypto exchanges to the state’s regulator for possible violations of digital currency violations.

19 September 2018

News/Reporting/compliance

Traders under the #MeToo spotlight

Banks are increasingly turning to monitoring software in order to eradicate inappropriate behaviour on the trading floor.

29 August 2018

News/Reporting/compliance

UK and EU banks plan early warning systems

Both UK and European banks are separately looking at projects to design an early warning system using market data to mitigate the threat of major misconduct or the beginning of the next financial crisis.

28 August 2018

News/Reporting/compliance

UK banks to publish financial comparison data in bid to drive up service standards

UK banks will have to inform customers about the quality of service on their websites and in branches, including how often the firm has had to report operational and security incidents and the level of complaints lodged, under new financial comparison rules introduced by the Financial Conduct Authority.

15 August 2018

News/Reporting/compliance

FCA to clamp down on misleading currency transfer rates

The UK's Financial Conduct Authority is making good on its promise to clamp down on the marketing and promotion of currency transfer services which promise exchange rates that are unachievable.

01 August 2018

News/Reporting/compliance

UK regulators turn the heat up on bank IT failures

UK regulators have given British financial firms a three-month deadline to demonstrate their operational resilience in the event of a cyber attack or IT breakdown.

05 July 2018

News/Reporting/compliance

US Treasury fintech report to make regulatory recommendations

A much anticipated report from the US Treasury on regulatory reforms for the fintech sector is set to recommend the use of regulatory sandboxes and fintech charters at both a state and federal level.

22 June 2018

News/Reporting/compliance

Spanish banks move ahead with blockchain platform for digital IDs

A consortium of Spanish banks is moving ahead with the development of a blockchain-based digital identity platform slated for live testing before the end of the year.

20 June 2018

News/Reporting/compliance

ABN Amro picks ThetaRay machine learning tech to fight money laundering

ABN Amro has signed up for machine learning technology from ThetaRay to help it tackle money laundering and terrorist financing risks.

19 June 2018

News/Reporting/compliance

Regtech firm Cappitech raises $4m

Cappitech, a provider of automated regulatory reporting technology to the FS industry, has raised $4 million in a Series A funding round led by 83North and joined by the co-founders of Markit.

12 June 2018

News/Reporting/compliance

Live: Swift Latin American Regional Conference - day one

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.

05 June 2018

News/Reporting/compliance

Broadridge awarded blockchain patent for proxy voting

The prospect of applying blockchain technology to the proxy voting process has become more likely after Broadridge, one of the biggest providers of investor-related services, was awarded a patent for this very purpose.

11 May 2018

News/Reporting/compliance

RegTech startup ClauseMatch raises $5 million

RegTech startup ClauseMatch has raised $5 million to boost its mission to help financial institutions keep pace with the "broken" regulatory system, in a Series A round led by Index Ventures.

23 April 2018

News/Reporting/compliance

HSBC applies AI to track financial crime

Having racked up billions of dollars in fines for money laundering and sanctions busting, HSBC is cleaning up its act with the global roll out of an AI tool capable of analysing data logs and tracking transactions within a customer's wider network.

09 April 2018

News/Reporting/compliance

South Africa's central bank mulls cryptocurrency regulations

The South African Reserve Bank (Sarb) is setting up a dedicated unit to monitor cryptocurrency and fintech developments and inform future regulations and its first job will be to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

04 April 2018

News/Reporting/compliance

Finma: Cyber attacks are the biggest operational hazard facing the financial sector

Swiss supervisory watchdog Finma has identified cyber security risks as it chief policy concern for 2018.

27 March 2018

News/Reporting/compliance

Bank of England sets up Fintech Hub; works with firms on DLT interface to RGTS

The Bank of England is establishing a new Fintech Hub as a central point of contact for engagement with startups and to drive new technological developments within the Bank.

23 March 2018

News/Reporting/compliance

Swift Business Forum Canada - live blog

Welcome to Finextra's live coverage of the Swift Business Forum Canada 2018 in Toronto. This event will focus on important issues affecting the financial industry, exploring how far, and how fast, the transformation of financial services will take place in Canada and beyond.

21 March 2018

News/Reporting/compliance

Nyse to pay $14 million penalty as SEC lays blame for market disruption at Exchange's door

The Securities and Exchange Commission has slapped a $14 million fine on the New York Stock Exchange over a series of breakdowns and regulatory violations, a sign that the US regulatory body intends to hold the nation's exchanges accountable for disruptive market events.

07 March 2018