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

Capco sues former UK boss for £145 million

FIS-owned consultancy Capco is suing its former UK boss Andrew Tarver for £145 million over allegations that he stole clients and conspired to cover up the evidence.

17 May 2017

News/Legal

TrueEX files anti-trust lawsuit against MarkitServ

US interest rate swaps exchange trueEX has filed a lawsuit against IHS Markit for allegedly engaging in anti-competitive practices in the post-trade processing arena.

09 May 2017

News/Legal

Palantir pays $1.66m to settle hiring discrimination suit

Palantir Technologies, a Peter Thiel-founded big data outfit which claims the SEC among its clients, will pay $1.66 million to settle a US government complaint that it discriminated against Asian job applicants.

26 April 2017

News/Legal

Russian hacker sentenced to 27 years in US prison

The son of a Russian lawmaker has been sentenced to 27 years in a US prison for hacking into retail POS systems and stealing millions of credit card numbers which he then sold on to other crooks.

21 April 2017

Company update/Legal

Law firms Collyer Bristow and Augusta join forces for interchange fee damages claim

Law firm Collyer Bristow is collaborating with Augusta, a leading litigation funder in the SME market, to back a multi-million pound claim against MasterCard and Visa over their use of multilateral interchange fees (MIFs).

19 April 2017

News/Legal

Prisoners build PCs from stolen parts then apply for credit cards in fellow inmate's name

A pair of enterprising American prisoners managed to steal enough spare parts from a work programme to put together two computers, which they hid in a closet ceiling and used for various escapades, including to apply for credit cards in another inmate's name.

13 April 2017

News/Legal

SEC issues fake news crackdown

The US securities watchdog has issued a series of fines and penalties to individuals and entities for submitting hundreds of articles to financial websites which purported to be impartial endorsements of certain companies but which were secretly paid-for

11 April 2017

Company update/Legal

Allen & Overy lights the Fuse on tech innovation space

Allen & Overy is opening Fuse, a new tech innovation space where tech companies, Allen & Overy lawyers, technologists and their clients will collaborate to explore, develop and test legal, regulatory and deal-related solutions.

28 March 2017

News/Legal

US Supreme Court rejects effort to revive $5.7bn interchange settlement

The US Supreme Court has refused to revive a $5.7 billion class action settlement between millions of retailers and Visa and MasterCard over interchange fees.

27 March 2017

Company update/Legal

Docutech launches eSignature platform for digital mortgages

Docutech, the industry-leading provider of compliance and document technology solutions, announces that Stearns Lending and New Penn Financial have gone live with Solex, the all-new eSignature solution designed for clients leading the new Digital Mortgage age.

27 March 2017

Company update/Legal

UBS deploys electronic signature technology from Cryptomathic and SwissSign

Shortly after the launch of their joint centralised solution for Qualified Electronic Signatures (QES), Cryptomathic and SwissSign today announce the completion of a major deployment at UBS, Switzerland’s largest retail bank.

27 March 2017

News/Legal

Russian hacker pleads guilty over $500m Citadel malware

A Russian hacker accused of helping to develop and maintain the notorious Citadel malware toolkit, which was used to steal more than $500 million from bank accounts, faces up to 10 years in a US prison after pleading guilty to computer fraud.

23 March 2017

News/Legal

Law firm Addleshaw Goddard picks fintech startups for mentoring programme

Addleshaw Goddard is the latest law firm to buddy up to the fintech community, picking seven startups to join a 12-month programme that will include legal advice and mentoring.

17 March 2017

News/Legal

UK competition watchdog tells Diebold Nixdorf to sell off some business

The UK's Competition and Markets Authority (CMA) has ordered Diebold Nixdorf to sell one of its customer-operated ATM businesses.

16 March 2017

News/Legal

Former iPayment execs charged over multi-million dollar fraud scheme

The Securities and Exchange Commission has charged two former iPayment executives with a scheme that allegedly saw them manipulate the credit card processing firm's accounting systems to steal millions of dollars.

13 March 2017

Company update/Legal

Dentons launches online MiFID II / MiFIR compliance tool

Global law firm Dentons announced today the launch of a new online regulatory project management tool to assist clients in complying with MiFID II / MiFIR.

08 March 2017

News/Legal

Court upholds order telling ICE to sell Trayport

The UK's Competition Appeal Tribunal (CAT) has upheld a ruling that Intercontinental Exchange must sell Trayport, the energy trading technology shop it acquired for $650 million in December 2015.

06 March 2017

Company update/Legal

Mastercard and ACI Worldwide settle legal dispute

ACI Worldwide (ACIW), a leading global provider of real-time electronic payment and banking solutions, has reached an agreement with MasterCard Technologies, LLC, and MasterCard International Incorporated, in which MasterCard has purchased from ACI and ACI has granted to MasterCard a perpetual license relating to components of NET24-XPNET™ middleware on the MasterCard debit switch.

02 March 2017

Company update/Legal

Retailers urge Supreme Court to strike out interchange fee settlement

The National Retail Federation and the Retail Industry Leaders Association today asked the U.S. Supreme Court to let stand an appeals court ruling that struck down a controversial 2012 settlement of a class action lawsuit over Visa and MasterCard’s credit card swipe fees.

22 February 2017

Company update/Legal

UK law firm Browne Jacobson launches legal support service for early-stage startups

National commercial law firm Browne Jacobson is to launch a legal support service aimed both at supporting startups with high-growth potential and developing its junior lawyers into future partners.

21 February 2017