1025 articles tagged with this keyword
News/regulation
The UK's Supreme Court has cleared the way for a £14 billion class action lawsuit brought against Mastercard over interchange fee charges.
11 December 2020
News/crime
A Dutch court has ordered a criminal investigation into UBS CEO Ralph Hamers' role in a money laundering scandal at his previous employer, ING.
10 December 2020
The body responsible for managing the implementation of the Legal Entity Identifier (LEI) has announced plans to develop a digital version that can be rolled out across multiple sectors beyond the financial services market.
News/payments
Payments firm Stripe is reportedly planning to increase its presence in the Asian market after adding 200 people to its workforce in the region.
Some of China's largest fintech companies may face more regulation following comments made by the top banking regulator.
08 December 2020
News/people
The Libra Association continues to staff up, adding industry veteran Saumya Bhavsar as general counsel of its payment subsidiary.
26 November 2020
News/retail
Canada's TD Bank has filed a trademark infringement suit against Plaid, accusing the data aggregator of deceptively mimicking its log-in screen, colour scheme and logo to trick users into entering their financial details.
15 October 2020
Appearing at Sibos 2020, Fiona van Echelpoel, deputy director general, ECB, dove into the biggest cyber threats facing financial services as the Covid-19 pandemic continues to unfold.
09 October 2020
News/security
In a fast paced and solution-oriented presentation, Lucy Kerner, senior principal global cybersecurity evangelist and strategist, Red Hat, outlined a clear set of goals financial institutions can and should work toward in order to address cyber security weaknesses for ‘The cyber resource problem – is it totally unsolvable?’ on day 2 of Sibos 2020.
06 October 2020
The Bank of England (BoE) has conceded that it could have moved more quickly to identify a security breach that allowed hedge funds to gain unauthorised access to press briefings and hear about sensitive market information ahead of their rivals.
25 September 2020
News/crypto
The European Union has taken a major step forward in its bid to regulate the crypto assets world after its executive branch issued its most extensive proposals to date for supervising the growing sector.
Australian bank Westpac has become the latest institution to fall foul of anti-money laundering rules after it was slapped with a record fine of A$1.3bn ($0.9bn) by the Australian regulator.
24 September 2020
News/sustainable
Financial services firms must evolve their mindsets to both manage risk effectively and to ensure that the industry meets sustainable goals, according to Sandy Trust, sustainable finance consulting lead at EY and deputy chair of the IFOA’s Sustainability Board.
23 September 2020
Thailand's central bank has published new measures for the growing digital personal loan market that will allow lenders to use a wider range of alternative data sources when making credit decisions.
18 September 2020
The break-up of the various international businesses of disgraced payments processing company Wirecard continues after it emerged that Australian payments firm Change Financial is set to buy its Australian and New Zealand businesses for $7.8m.
14 September 2020
News/covid-19
A German fintech once backed by PayPal investor Peter Thiel, has filed for bankruptcy after failing to recover from the economic effects of the Coronavirus pandemic.
Square, the US-based payment company owned by Twitter founder Jack Dorsey, is urging crypto companies to join its newly-formed patent alliance in a bid to maintain an open-source community within the industry and mitigate the malicious use of patents.
11 September 2020
The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).
Having come into effect on 2nd September, the ICO’s Age Appropriate Design Code has dealt firms a new raft of cumbersome data protection requirements to implement within a 12-month transition period.
09 September 2020
Ripple is being sued by New Payments Platform Australia for alleged infringement of its PayID copyright.
26 August 2020
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