Legal

1183 articles tagged with this keyword

/regulation

Bank of Thailand issues new rules for digital loans

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.

/crime

Fintech bids for Wirecard's Aus and NZ businesses

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.

/covid-19

German fintech Monedo files for bankruptcy

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.

/crypto

Square forms crypto patent alliance to promote open-source spirit

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.

/crypto

Lagarde makes case for digital euro

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).

/regulation

ICO’s new code to protect ‘datafied’ children

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.

/Legal

The Future of Fintech 2020

959 downloads

/payments

NPP Australia sues Ripple over infringement of PayID brand

Ripple is being sued by New Payments Platform Australia for alleged infringement of its PayID copyright.

/markets

ISignthis seeks $264m in damages from ASX

ISignthis, a provider of payment verification technology to help banks meets AML reporting obligations, is seeking A$264 million in damages from the Australian Securities Exchange over the suspension of its shares.

/regulation

PRA challenges business models of new banks in consultation paper

In a recent consultation paper, the Prudential Regulation Authority (PRA) set out its proposed approach to the supervision of both new and growing non-system UK banks.

/retail

Colorado reaches settlement with online lenders

Colorado has reached a settlement in lawsuits with online lenders and their partner banks relating to the state's right to enforce interest rate limits.

/crypto

US seizes bitcoin linked to terror groups

US authorities have seized millions of dollars in cryptocurrency linked to online terrorist financing campaigns involving Hamas, al-Qaeda and ISIS.

/markets

Trading firm Virtu sues insurer over $6.9m scam loss

Electronic trading outfit Virtu Financial is suing its insurer for refusing to cover a $6.9 million loss suffered in a hacking scam.

/crime

Bank of Ireland fined for cyber security failings

Ireland's Central Bank has imposed a €1.66m fine on Bank of Ireland (BoI) for a regulatory breach that saw one of its subsidiaries transfer more than €100,000 to a hacker that had illegally accessed a client's email account.

/crypto

Philippine central bank mulls digital currency

The Philippine central bank has become the latest national monetary authority to consider establishing its own digital currency.

/wholesale

ECB confirms one year delay to T2-T2S integration

The European Central Bank (ECB) has formally approved a one year extension to its T2-T2S consolidation project.

/people

Westpac hires new IT head

Australian bank Westpac has appointed former ANZ technology chief Scott Collary to lead the consolidation of its technology and operations division.

/people

Coinbase names Facebook's Paul Grewal chief legal officer

We’re proud to announce today that Paul Grewal is joining Coinbase as our Chief Legal Officer.

/retail

VTB Group receives patent for credit tech

VTB Group has received a patent for a technology developed by the bank's IT and consumer banking specialists for selecting loan offers for clients.

/regulation

EDPB casts doubt over GDPR adequacy decision for the UK

In a letter to the European Parliament dated 15 June 2020, Andrea Jelinek, chair, European Data Protection Board (EDPB) raises concerns over the UK’s endeavour to reach an ‘adequacy decision’ with the EU following the end of the Brexit transition period.