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

Company update/Legal

Patent abuse claims against FactSet and Revere to go to jury trial

A San Francisco state court has ruled that fraud and breach of contract claims brought by plaintiff Ashbury Heights Capital against FactSet Research Systems (NYSE:FDS), Revere Data and its founder Doug Engmann are sufficiently supported by evidence and may proceed to trial.

07 June 2018

Company update/Legal

Accord Project to support R3's Corda

The Accord Project, the legal industry body for smart legal contracts, and enterprise software provider R3 today announced a technology partnership to develop support for Corda, R3’s blockchain platform, in the open source legal layer incubated by the Accord Project.

07 June 2018

News/Legal

Irish bank caught in social media spying storm

Allied Irish Bank (AIB) has been accused of spying on its customers after it emerged that it monitors mortgage holders' social media accounts

14 May 2018

Company update/Legal

Mastercard and Cinkciarz trademark dispute grinds on

Cinkciarz.pl wins against MasterCard. The company refuted MasterCard's objections against the registration of the Cinkciarz.pl company trademarks. In Europe alone Cinkciarz.pl has won every one of the 12 proceedings in which a decision has been made.

10 May 2018

Company update/Legal

Barclays and the Law Society launch 'law-tech' incubator

Barclays today launched a new law-tech incubator in partnership with the Law Society.

25 April 2018

Company update/Legal

FRT class action recovery tech to be made available on Eagle platform

Financial Recovery Technologies (“FRT”) and Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, have established a strategic alliance to offer Eagle clients FRT’s industry-leading securities class action recovery services.

24 April 2018

Company update/Legal

Law firm Nixon Peabody joins Wall Street Blockchain Alliance

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 around the world, is proud to announce that the global law firm of Nixon Peabody LLP has joined the organization as a corporate member.

12 April 2018

News/Legal

NAB at centre of multi-million dollar supplier fraud

Australian police are conducting investigations into a multi-million dollar fraud at NAB involving corrupt invoice payments to an external supplier.

10 April 2018

News/Legal

India's central bank issues cryptocurrency ban

The Reserve Bank of India (RBI) has banned regulated banks and its account holders from dealing in cryptocurrencies.

06 April 2018

News/Legal

HSBC 'whistleblower' arrested in Spain

Spanish police have arrested a former HSBC IT worker who prompted a tax evasion scandal when he leaked the details of thousands of the bank's Swiss private banking unit's customers.

05 April 2018

News/Legal

Microsoft defends support for controversial Cloud Act

A long-running court battle between Microsoft and the US government about whether the latter had the right to access emails held in Microsoft's Irish data centre has come to an anticlimactic end after a judge dismissed the case, ruling it to be "moot" due to the recent passing of the Cloud (Clarifying Lawful Overseas Use of Data) Act.

05 April 2018

News/Legal

SEC KO's Mayweather-backed ICO over fraud allegations

An initial coin offering (ICO) that raised $32m and was backed by celebrity boxer Floyd Mayweather has been dealt a knockout blow after the US Securities and Exchange Commission (SEC) arrested the company's founders for fraud.

04 April 2018

News/Legal

South Africa's central bank mulls cryptocurrency regulations

The South African Reserve Bank (Sarb) is setting up a dedicated unit to monitor cryptocurrency and fintech developments and inform future regulations and its first job will be to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.

04 April 2018

News/Legal

Blind woman sues CBA over touchscreen POS machines

A blind woman has lodged a lawsuit against Commonwealth Bank of Australia over its "inaccessible" touchscreen-only Albert POS terminal, which she says is so difficult to use she often needs to share her PIN with shop staff.

16 March 2018

News/Legal

Former Equifax CIO charged with insider trading

A former Equifax executive has been charged by US authorities with insider trading, accused of selling off all of his stock in the credit rating agency last summer before it revealed it had suffered a massive data breach.

15 March 2018

Company update/Legal

Cinkciarz wins trademark appeal in EU Court of Justice

In 2015, the EUIPO (European Union Intellectual Property Office) made the decision to refuse to register Cinkciarz’s logo as an EU trademark. The company has its day in court as the EGC (European General Court) reverses the prior ruling.

12 March 2018

Company update/Legal

Addleshaw Goddards unveils six finalists for Elevate fintech programme

Addleshaw Goddard has today announced the six FinTechs who have been selected for its 2018 'AG Elevate' programme.

12 March 2018

News/Legal

US judge says cryptocurrencies are commodities

US lawmakers continue to wrestle with how to approach cryptocurrencies, as a federal judge says the likes of bitcoin can be treated as commodities by the CFTC, FinCEN says money transmitter rules apply to ICOs, and Wyoming's state legislature clears a bill exempting some crypto assets from securities laws.

07 March 2018

Company update/Legal

Thomson Reuters collaborate with eBrevia for AI-driven contract remediation

Thomson Reuters has teamed up with eBrevia, a leading machine-learning contract analytics platform, to help enterprises tackle large and complex contract remediation projects involving commercial contracts.

06 March 2018

News/Legal

Nasdaq sues competitor IEX over alleged technology rip off

Nasdaq has filed a patent infringement lawsuit against rival IEX, extending a long-running battle with the upstart exchange.

02 March 2018