Latest Reporting/compliance News: Finextra Research

FCA warns against unlawful BNPL promotion

The Financial Conduct Authority (FCA) has warned firms against promoting unapproved BNPL products.

19 August 2022

Company update/payments

UOB and Doxa team up to digitise trade financing and procurement

UOB and Doxa are collaborating to enable companies to move their procurement and trade financing processes online. They signed a Memorandum of Understanding (MOU) today with their client Kimly Construction Private Limited (Kimly Construction), for the execution of the trio’s first green trade finance transaction together.

18 August 2022

Company update/security

Checkout.com enhances authentication to meet SCA requirements

Checkout.com, the cloud-based payments service provider, today announced updates to its Authentication product to help merchants combat fraud and optimize their revenues, with an evolving toolkit of products and features to help merchants navigate the rapidly evolving landscape.

18 August 2022

News/regulation

ECB to rope in crypto with licensing framework

The European Central Bank (ECB) has announced its intent to harmonise how banks offer crypto assets through a crypto regulatory framework to be implemented across the Union.

18 August 2022

News/crime

German watchdog urges Allianz to improve internal controls

Germany’s financial regulator BaFin has call on Allianz to improve its internal controls following a fraud scandal in their US fund unit.

12 August 2022

News/regulation

UN urges curbs on crypto uptake in developing countries

The United Nation’s Conference on Trade and Development, UNCTAD, has released three policy briefs on the dangers of cryptocurrency in light of the rising use of digital assets in developing countries.

12 August 2022

News/regulation

Kenya beefs up consumer data protection

The Kenyan Office of the Data Protection Commissioner (ODPC) has imposed harsher regulation on protecting consumer data, targeting fintechs and startups in the region.

05 August 2022

News/regulation

Goldman Sachs’s credit card division under investigation by CFPB

Goldman Sachs’ credit cards unit undergoing investigation by the Consumer Financial Protection Bureau (CFPB).

05 August 2022

News/crypto

EBA warns talent shortage will hamstring crypto regulation

European regulators are facing challenges in finding talent to help regulate crypto, a chair of the European Banking Authority has warned, underscoring concerns around the capacity of authorities to supervise the industry.

01 August 2022

Company update/identity

DocuSign teams with UK-based ID firm, OneID

OneID®, the UK-based identity tech company that makes it easier for people to prove who they are online, has today announced it has partnered with DocuSign to provide government-certified identity verification to the company’s leading electronic signature solution, eSignature.

01 August 2022

News/regulation

FCA zeroes-in on misleading investment adverts

The Financial Conduct Authority (FCA) has strengthened regulation around high-risk investment adverts targeting consumers.

01 August 2022

Company update/markets

Broadridge integrates with Blue Ocean Technologies

To better serve banks and broker-dealers in North America and APAC regions on the NYFIX network around the clock, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), announced a global partnership with Blue Ocean Technologies (BOT), a unique capital markets Fintech focused on global afterhours trading. Blue Ocean ATS (BOATS) will integrate with Broadridge’s NYFIX order-routing network to offer clients untapped, after-market access to US equities.

01 August 2022

News/crypto

Zipmex becomes latest crypto market victim, files for bankruptcy protection in Singapore

Cryptocurrency exchange Zipmex has filed for bankruptcy protection in Singapore despite resuming withdrawals after a brief suspension earlier this month.

29 July 2022

News/regulation

FCA overhauls consumer protection with new Consumer Duty

The Financial Conduct Authority (FCA) has confirmed it will roll-out the Consumer Duty, requiring banks and other financial institutions to drastically improve their consumer protection efforts over the next 12 months.

27 July 2022

Company update/people

Atom appoints Rebecca Cartwright as chief risk officer

Atom has appointed Rebecca Cartwright as the bank’s new Chief Risk Officer, replacing Chris Sparks, who is retiring after almost 7 years at the app-based bank.

27 July 2022

News/regulation

UK regulators propose supervision measures for critical third parties

A discussion paper from the Bank of England (BofE), Financial Conduct Authority (FCA), and Prudential Regulation Authority (PRA) proposes new standards for monitoring services provided by critical third parties (CTP) to strengthen operational resilience in the UK.

22 July 2022

Company update/payments

ACI Worldwide and IR extend partnership with real-time transaction monitoring

ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software, today announced that IR (ASX:IRI), a leading global provider of performance management and analytics for payment ecosystems, has extended its partnership with ACI to include enriched end-to-end enterprise transaction monitoring.

22 July 2022

Company update/regulation

Bloomberg invests in UK regtech firm

Bloomberg today announced a strategic investment in, and a commercial collaboration with, London-based Insightful Technology, the owners and operators of the Soteria Integrated Compliance Solution.

21 July 2022

News/regulation

UK proposes new AI rulebook

The UK government has published its plans to regulate the use of artificial intelligence (AI) which would see it depart from the EU's strategy to establish a centralised body to oversee the use of technology.

20 July 2022

Company update/sustainable

Banca March selects Golden Source for ESG data management

GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions announced today that Banca March has selected GoldenSource ESG Impact to manage data and analytics for its ESG-related investment and banking processes.

20 July 2022