Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Company update/startups

Legal firm invites applications for fintech growth programme

A fast-track 10-month programme providing legal advice and mentoring to ambitious FinTech start-ups is now open for applications.

08 March 2019

News/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.

08 March 2019

News/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.

01 March 2019

Company update/Legal

Class action suit nets US merchants $6.24 billion rebate on Visa/Mastercard fees

This notice is authorized by the U.S. District Court for the Eastern District of New York to inform merchants about an agreement to settle a class action lawsuit that may affect them.

26 February 2019

News/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.

15 January 2019

News/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.

11 January 2019

News/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.

30 November 2018

News/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.

12 November 2018

Company update/regulation

State regulators go back to court over OCC's fintech charter plans

The Conference of State Bank Supervisors (CSBS) today filed a complaint in the U.S. District Court for the District of Columbia against the Office of the Comptroller of the Currency (OCC).

25 October 2018

Company update/Legal

TLT names new head of financial services practice

Andrew Lyon has been announced as the new head of financial services at UK law firm TLT.

25 October 2018

News/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.

24 October 2018

Company update/Legal

Wall Street Blockchain Alliance joins Accord Project

The Wall Street Blockchain Alliance (WSBA), an industry-leading non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology and cryptoassets across global markets, is pleased to announce that it has joined the Accord Project.

23 October 2018

Company update/startups

Simmons & Simmons announces four winners of 2018 FinTech Fund

On 27 September 2018, at an official launch event in London, leading international law firm Simmons & Simmons announced the businesses that will make up the third cohort to receive support from the firm’s FinTech Fund.

28 September 2018

Company update/Legal

Legal problems holding back blockchain-based trade finance: research

R3, Shearman & Sterling, and BAFT (Bankers Association for Finance and Trade), have released a technical paper, ‘Code Is Not Law: The Legal Background for Trade Finance Using Blockchain’, which examines the paths to securing legal recognition for “electronic negotiable instruments.”

26 September 2018

News/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.

25 September 2018

News/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.

25 September 2018

Company update/Legal

Fintech lobby group opens North American division

The Financial Data and Technology Association (FDATA), which played a pivotal role over the last five years in crafting the design and implementation of open banking standards in the United Kingdom and in Europe, announced today the launch of a North American arm, FDATA North America.

21 September 2018

News/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.

21 September 2018

Company update/Legal

Crypto exchange IronX awarded licence in Estonia

IronX, the new Crypto Exchange joint venture between leading global online broker IronFX Group and EmurgoHK, creator of the Cardano Blockchain, today announces it has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU).

20 September 2018

News/Legal

Crypto exchanges’ legal status questioned in NY

New York’s Attorney General (AG) has reported three crypto exchanges to the state’s regulator for possible violations of digital currency violations.

19 September 2018