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The Reserve Bank of India has ordered Kotak Mahindra Bank to stop onboarding new customers via digital channels and to pause issuing new credit cards because of failures with the lender's IT systems.
24 April 2024
At NextGen Nordics 2024 in Stockholm, moderator Debi Bell Hoskings hosted an interactive panel session on new regulation on data and privacy, asking for input from the audience.
AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.
NextGen Nordics, Finextra’s annual payments event, kicked off on April 23 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry.
23 April 2024
EC antitrust regulators are set to approve an offer from Apple to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers, according to Reuters.
22 April 2024
The UK's Financial Conduct Authority intends to step up its investigations into the competitive implications of Big Tech companies in financial services.
Tokenised money is on the horizon in numerous countries. This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).
If it wins the upcoming UK general election, the Labour party must harness the fintech sector as an engine for economic growth, opportunity and inclusion across the country, says a report from the Tony Blair Institute for Global Change.
18 April 2024
The Canadian government has promised open banking legislation by the end of the year and confirmed that the Financial Consumer Agency of Canada (FCAC) will oversee the new system.
17 April 2024
The Bank of England has been heavily criticised by a former chairman of the US Federal Reserve for relying on outdated technology for its economic forecasts.
16 April 2024
A group representing buy and sell-side firms and market infrastructure providers across Europe has called on the UK, Switzerland and the EU to coordinate plans to shorten the settlement cycle for securities trades.
15 April 2024
Bim Ofolami, UK government Economic Secretary to the Treasury, has announced the formation of an open finance task force during a speech at ifgs 2024.
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