Latest Regulation & Compliance News: Finextra Research

Revolut suspends crypto buying for UK business customers

Revolut has suspended some crypto services for business users until it gets up to speed with new regulations on financial promotions.

18 December 2023

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SEC denies Coinbase petition for crypto rules

The Securities and Exchange Commission has denied a petition from crypto exchange Coinbase asking the regulator to put in place new rules specifically for the digital asset sector.

15 December 2023

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NatWest debanking review finds possible violation of FCA rules

A second debanking review revealed that NatWest has potentially violated Financial Conduct Authority (FCA) regulation.

15 December 2023

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Bank of Ireland UK reprimanded by ICO for mistakes on over 3,000 accounts

Inaccurate data was shared from 3,284 customers’ profiles to credit reference agencies, which may have led to refusal for mortgages, credit cards or loans, or customers being granted too much credit, that they were unable to afford.

15 December 2023

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Nth Exception launches AI tool for ISO 20022 adoption

London-based fintech Nth Exception has launched Nucleus, a machine learning data fabric to ease financial institutions into ISO 20022 adoption.

15 December 2023

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APP fraud fighter Salv raises €3.9 million for launch into UK

Estonian Regtech Salv has raised €3.9m in new funding to spearhead a launch into the UK.

14 December 2023

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UK payments watchdog proposes cap on interchange fees

The Payment Systems Regulator is propsing to cap cross-border interchange fees on credit and debit cards to protect UK businesses from rising costs.

13 December 2023

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FCA hampered by crypto skills shortage

A shortage of crypto skills meant the FCA took longer than planned to register crypto-asset firms under money laundering regulations in 2021, and it still finds it difficult to recruit and retain staff with these skills, acording to a report by the National Audit Office (NAO).

11 December 2023

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OCC warns banks on BNPL lending

The Office of the Comptroller of the Currency (OCC) has issued guidance to US banks warning them to make sure that buy now, pay later loans are offered in a "safe and sound" manner.

08 December 2023

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UK financial regulators to assume direct oversight of critical technology suppliers

British banking regulators have proposed further checks on financial firms' reliance on third party technology companies.

07 December 2023

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Dimon blasts bitcoin

JPMorgan chief Jamie Dimon is continuing his anti-bitcoin tirade, telling senators on Capitol Hill that if he was in charge of Government he would shut the industry down.

07 December 2023

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BofE to review AI risk to financial stability

The Bank of England is launching a review of artificial intelligence and machine learning amid concerns that its use could pose financial stability risks.

06 December 2023

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