Latest Legal News: Finextra Research

How Curve got back on track after Wirecard fallout

In June 2020, the FCA acted overnight to freeze customer accounts across UK fintech firms including Curve, Pockit, Soldo, Anna Money and Holvi, after Wirecard Card Solution’s (WCS) parent company filed for insolvency in Germany.

15 April 2021

Company update/crypto

BitPay joins Square-founded crypto patent effort

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced a partnership with the Crypto Open Patent Alliance (COPA) to share open source projects and use a shared patent library.

14 April 2021

Company update/regulation

ClauseMatch graduates from TechNation LawTech Sandbox Pilot

ClauseMatch has become one of the five innovative tech pioneers to successfully complete the Lawtech Sandbox, by LawtechUK - the government-backed initiative within Tech Nation.

25 March 2021

Company update/crypto

Wirex wins trademark infringement cases

Brown Rudnick client Wirex, one of the world’s leading cryptocurrency payment platforms, has been successful in its High Court trade mark infringement claim against Cryptocarbon Global Ltd, Cryptocarbon UK Ltd and Bee-One UK Ltd, in respect of their unauthorised use of Wirex’s registered trade mark, CRYPTOBACK.

18 March 2021

News/payments

Wise says former Brazil banking partner's fraud allegations are false

Wise (formerly TransferWise) is taking legal measures against its former Brazilian partner MS Bank, which has accused the UK-based fintech of illegally misusing customer data.

17 March 2021

News/crypto

Ripple and MoneyGram wind down partnership

As it faces up to litigation with the Securities and Exchange Commission, Ripple says its partnership with MoneyGram is over.

09 March 2021

News/inclusion

Why a cookie-cutter approach to VC and funding hinders diversity

During the ‘Women in FinTech: Reshaping the Industry’ session at Citi’s Digital Money Symposium 2021, the panel tackled thorny issues surrounding securing funding to startups founded by females and those from minority backgrounds.

09 March 2021

Company update/markets

Broadridge LTX gets patent on AI-powered RFX trading protocol

Empowering broker-dealers and institutional investors to better connect and trade corporate bonds digitally, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that the U.S. Patent and Trademark Office has granted LTX, a Broadridge company, U.S. Patent No.10922773.

03 March 2021

Company update/Legal

MoneyGram faces class action lawsuit over XRP claims

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of MoneyGram International, Inc. (NASDAQ: MGI) between June 17, 2019 and February 22, 2021, inclusive (the “Class Period”).

02 March 2021

Company update/regulation

Law Squared joins FinTech Australia

Innovative NewLaw firm Law Squared has joined FinTech Australia as an ecosystem partner.

01 March 2021

Company update/crypto

New York Attorney General issues crypto trading risk warning

In her ongoing efforts to protect New York investors, New York Attorney General Letitia James today issued two alerts in response to the “extreme risk” posed to New Yorkers investing in virtual or “crypto” currencies.

01 March 2021

News/payments

Intuit sues Visa and Mastercard over 'price fixing'

Intuit has filed a federal lawsuit against Mastercard and Visa over 'unlawful' price fixing in interchange and card scheme fee structures.

24 February 2021

Company update/crypto

Bitfinex and Tether to pay $18.5m penalty in New York casse

New York Attorney General Letitia James today continued her efforts to protect investors from fraudulent and deceptive virtual or “crypto” currency trading platforms by requiring Bitfinex and Tether to end all trading activity with New Yorkers.

23 February 2021

News/crypto

MoneyGram suspends Ripple pact over SEC suit

MoneyGram has suspended trading on Ripple's platform over concerns about the latter's litigation with the Securities and Exchange Commission.

22 February 2021

Company update/retail

Bank of America files record number of patents

Bank of America inventors filed 722 patent applications with the United States Patent Office last year, the most in the company’s history.

19 February 2021

News/crypto

US charges North Koreans in huge hacking operation

The US Department of Justice has unsealed charged against three North Korean computer programmers it says conspired to steal and extort more than $1.3 billion in cash and cryptocurrency.

17 February 2021

News/payments

Mastercard consumer claim set for new March hearing

A £14 billion Mastercard consumer damages case is to return to the UK's Competition and Appeals Tribunal for certification next month.

10 February 2021

News/crypto

Ripple formally responds to SEC lawsuit

Ripple has accused the Securities and Exchange Commission of distorting the facts about the status of its cryptocurrency XRP in its first formal response to a regulatory lawsuit filed in December.

01 February 2021

News/security

Former NAB staffer jailed over four-year fraud spree

Rosemary Rogers, a former chief of staff to ex-NAB CEO Andrew Thorburn, has been jailed for eight years for taking kickbacks to the value of $5.4 million in return for fraudulently approving false and inflated invoices from a supplier to the bank.

01 February 2021

News/regulation

Regulatory innovation advances in the face of Covid-19

While Covid-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritise and actively deploy fintech initiatives by regulators.

08 January 2021