Legal

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/Legal

UK fintech salaries on the rise - report

Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.

/Legal

India to review payments data storage rule

The Indian central bank has been persuaded to reconsider a controversial law that mandates payments data should not be allowed to leave India's borders.

/Legal

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

/Legal

S Korea bemoans slow pace of its fintech market

An immature ecosystem and a lack of competition is slowing down South Korea's fledgling fintech industry according to the country's financial regulator

/Legal

Qudos Bank readies for legal battle with Infosys

Australian Mutual Qudos Bank is preparing to engage in a full-blooded legal battle with Infosys, accusing the Indian software house of copyright infringement, breach of contract and misuse of confidential information.

/Legal

GozNym malware cybergang taken down

An international criminal network that used malware to try to steal $100 million from more than 41,000 victims, has been dismantled after a law enforcement operation spanning several countries.

/retail

NY prosecutors allege Bitfinex covered up $850m loss

The New York State Attorney General (NYSAG) office has accused the operator of the Bitfinex cryptocurrency trading platform and the issuer of the Tether currency of engaging in a cover-up to hide the apparent loss of $850 million in client and corporate funds.

/Legal

Court revives £14bn class action suit against Mastercard

A £14 billion class action lawsuit against Mastercard over interchange fees is back on after the Court of Appeal granted permission to challenge an earlier decision to dismiss the case.

/Legal

Russia pushes its Swift alternative

Russian authorities are promoting the international use of an alternative financial messaging system to the global Swift network in order to mitigate the risk of sanctions.

/Legal

UK insurtech sector gets new legal resource

The UK Insurtech Board has unveiled a toolkit of legal documents designed to make it easier for ambitious insurance technology startups to forge commercial relationships with corporate partners.

/payments

Women in Payments and Finance: Championing women across the global ecosystem

With International Women’s Day 2019 upon us, banks around the world are celebrating females in finance and addressing the scarcity of women heading up global corporations and institutions. Finextra Research will to do the same at EBAday, the two-day conference curated by the Euro Banking Association to be held in Stockholm on the 18th and 19th June 2019.

/Legal

Police arrest woman at centre of NAB bribery scandal

The owner of a company at the centre of an alleged bribery scandal involving National Australia Bank has been arrested and charged with more than 50 corruption offences.

/security

US makes charges in SEC hacking scheme

US authorities have filed charges alleging crooks hacked into a Securities and Exchange Commission database to gain access to non-public information that was then used to make millions of dollars through illicit trades.

/Legal

US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

/Legal

Switzerland adopts new fintech authorisation rules

The Swiss government has amended its Banking Act to include new authorisation rules for fintechs in its latest bid to boost innovation in the sector.

/ai

BofA faces trademark suit over Erica chatbot

Bank of America has been sued by a man over the use of the name "Erica" for its in-app AI-powered virtual assistant chatbot.

/inclusion

Money 20/20 Day Four: The unconscious bias inhibiting diversity and inclusion

Taking a step back from innovation for the day, this year’s Money 20/20 Las Vegas event concluded with banking executives and fintech players sharing their personal experiences of the financial services industry.

/Legal

Danish watchdog could face EU inquiry over Danske Bank scandal

Denmark's Financial Services Authority (FSA) is bracing itself for a formal enquiry from the European Banking Authority over the money laundering scandal at Danske bank that was reported last week.

/Legal

Tesco Bank facing £30m fine over cyber breach

The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.

/Legal

Outage fever strikes UK banks

A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.