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Latest Results from /regulation

/regulation

Banks to be given more time to investigate APP fraud

UK banks will be given an extra 72 hours to stall payments if they suspect authorised push payment fraud.

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BaaS platform Griffin raises $24 million and launches as a fully-operational UK bank

UK Banking-as-a-Service startup Griffin has snared $24 million in fresh funding to meet regulatory capital requirements and exit 'mobilisation' as a fully-licenced bank.

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Spain blocks Sam Altman's Worldcoin venture

Sam Altman’s cryptocurrency outfit Worldcoin has been told by Spain to stop collecting and using people's personal data.

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US digital dollar is “nowhere near” development, says Federal Reserve chair

Chairman of the US Federal Reserve Jerome Powell spoke before the Senate on Thursday, stating that the US was “nowhere near” CBDC development.

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BofE plans cloud-based data platform and AI pilots

The Bank of England is building out a cloud-based data and analytics platform after an independent review found "nervousness" in adopting the technology.

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Former Citi and Google compliance expert Reno Mathews joins due diligence startup Spektr

Danish due diligence startup Spektr has hired former Citi and Google executive Reno Mathews as chief compliance officer.

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Paytm Business Bank fined on money laundering charges

Paytm's banking business has been fined 55 million rupees (about $663,000) by an Indian regulator on money laundering charges.

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NextGen Nordics 2024: 40+ banks registered to attend

NextGen Nordics returns to Stockholm on 23rd April, and at seven weeks away from the event day, 200 attendees have already registered.

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Gemini agrees to return $1.1bn to Earn customers

Gemini has agreed to return at least $1.1 billion to customers who lost money through the crypto firm's partnership with now-bankrupt Genesis.

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FCA rules out intervention in wholesale data market

Despite finding room for improvements in the distribution of wholesale market data, the Financial Conduct Authority has ruled out intervention for fear of "unintended consequences".

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Open finance could boost UK GDP by £30.5 billion says CFIT CEO

The Centre for Finance, Innovation and Technology (CFIT) has published its report on the benefits of open finance in line with the Kalifa Review.

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Wirecard whistleblower launches confidential reporting tool

Pav Gill, the whistleblower who helped demolish German payment processor Wirecard, has launched a new platform for employees and shareholders to express their concerns over corporate missteps without fear of retaliation or exposure.