1021 articles tagged with this keyword
News/crypto
This weekend, the two Chinese fintech giants Ant Group and Tencent prominently displayed posters during the Digital China Summit outlining a “history of cooperation with the PBoC on the digital yuan” according to the South China Morning Post.
26 April 2021
Turkish police have arrested 62 people after the Thodex cryptocurrency exchange stopped letting users access their accounts or withdraw money and its founder fled to Albania.
23 April 2021
News/regulation
Going public in China is proving to be something of an uphill battle for fintechs, and new guidelines released by the China Securities Regulatory Commission (CSRC) are only further complicating the process.
During a panel for UK Fintech Week 2021, Barnabas Reynolds, global head of financial services group, Shearman & Sterling emphasised that to build trust in the system and allow space for fintech innovation, that the focus of supervisory systems should be on risk and not unnecessary code or control.
20 April 2021
News/crime
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
News/payments
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
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
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.
Intuit has filed a federal lawsuit against Mastercard and Visa over 'unlawful' price fixing in interchange and card scheme fee structures.
24 February 2021
MoneyGram has suspended trading on Ripple's platform over concerns about the latter's litigation with the Securities and Exchange Commission.
22 February 2021
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
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
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
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.
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
A US federal judge has sided with PayPal in a lawsuit brought against the Consumer Financial Protection Bureau (CFPB) over recently introduced rules on prepaid cards and digital wallets.
05 January 2021
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
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.
Payments firm Stripe is reportedly planning to increase its presence in the Asian market after adding 200 people to its workforce in the region.
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