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Latest Results from /regulation

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Euroclear invests in blockchain company

Post-trade group Euroclear has acquired a stake in Iznes, a pan-European, blockchain-based network within the asset management market.

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Danske Bank signs cloud deal with AWS

Denmark’s Danske Bank has signed a multiyear agreement with Amazon Web Services (AWS) as part of a strategy to invest more in cloud technology.

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Ireland’s fintech funding slumps

2023 saw a 94% decline in funding for Irish fintechs, according to recently published research.

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UK fintech to be elevated to 'ubiquitech' with Smart Data Roadmap, new report reveals

Chair of the Ubiquitech Group Dr. Ruth Wandhöfer has released a report offering practical recommendations for bolstering a digital economy that builds trust, provides access to sustainable infrastructure and secure data highways, and accelerates digital inclusion and education.

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Genesis to pay $21m SEC fine

Genesis has agreed to pay a $21 million civil penalty to the Securities and Exchange Commission (SEC) for the unregistered offer and sale of securities.

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NextGen Nordics 2024: Top Nordics payments stories you’ve missed this year

Finextra is returning to Stockholm for the annual NextGen Nordics event. Attendees can expect in-depth conversations on a variety of topics and much more.

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Central banks adopt LLMs to extract climate risk data from corporate reports

The Bank for International Settlements has completed proof-of-concept testing of Project Gaia, an initiative conducted in concert with three central banks to explore the use of natural language processing, optical character recognition and machine learning to extract climate-related data from corporate reports.

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UDPN launches digital currency sandbox

The Universal Digital Payments Network (UDPN) has launched a digital currency sandbox for both commercial and central banks.

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Finra fines M1 Finance over misleading social media influencer posts

M1 Finance has been fined $850,000 by the Financial Industry Regulatory Authority (Finra) for social media posts made by influencers on the fintech's behalf.

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EBAday 2024: Calling early-stage startups to showcase products

The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.

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Court tells Klarna to pay $733,000 over GDPR failings

Klarna must pay a fine of nearly three quarters of a million dollars for violating the EU's General Data Protection Regulation (GDPR), a Swedish court of appeal has ruled.

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US Chamber of Commerce files suit against CFPB over late card fees

The US Chamber of Commerce has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) to stop it from implementing a rule to limit late credit card fees.