Latest Regulation & Compliance News: Finextra Research

EBAday: Preparing for the new European legislative landscape

The role of the legislation is a core part of any EBAday, and this was not missing from EBAday 2023. A session on the second day of the event aimed at highting how to prepare for the European legislative landscape of the instant payments regulation and the upcoming Digital Operational Resilience Act (DORA).

26 June 2023

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Google Cloud launches AI-powered AML tech

Google Cloud has developed an AI-powered product designed to help global financial institutions more effectively and efficiently detect money laundering.

26 June 2023

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EBAday: Collaboration and the future of fraud prevention in PaaS

The second day of EBAday 2023 started off with the hot topic of Payments as a Service (PaaS), and specifically some of the preventative measures which need to be undertaken to secure PaaS against cyber-attacks and fraud.

23 June 2023

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Italian banks launch CBDC pilot project

The Bank of Italy has launched a pilot to assess the viability of a central bank digital currency (CBDC).

23 June 2023

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Crypto.com gets licence in Spain

Cryptocurrency platform Crypto.com has been granted virtual asset service provider (Vasp) registration by the Bank of Spain.

23 June 2023

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EBAday: Moving money should be just as easy as moving data

The last two sessions of day one of EBAday returned to the theme of instant payments, with the first of these updating the audience on the status of immediate cross-border payments.

23 June 2023

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Lithuania revokes licence of former Railsr unit

A former subsidiary of failed embedded banking platform Railsr has had its licence revoked by the Bank of Lithuania over “serious violations” of AML and payments laws.

22 June 2023

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EBAday: Payments trends to watch out for in 2024

EBAday, the premier event for industry professionals across transaction banking and payments covers all aspects of the sector, in degrees of depth unseen at other conferences. The second day of the event saw senior executives listen in to sessions on instant payments, correspondent banking, regulation, innovation, Payments as a Service (PaaS) and models for public and private sector collaboration. Here’s a roundup of the most discussed themes and what to expect in 2024.

22 June 2023

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US asset managers apply to SEC for bitcoin ETFs

The ongoing effort to persuade the SEC to approve crypto investment products continues, following news that many of the country’s largest asset managers, BlackRock, WisdomTree and Invesco, have applied to the SEC for permission to launch a spot bitcoin ETF.

22 June 2023

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Singapore fines banks for AML breaches in Wirecard affair

Singapore has slapped three banks and an insurer with fines for anti-money laundering breaches connected with the Wirecard scandal.

22 June 2023

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EBAday: Banks are seeking new approaches to level up sustainable strategies

In the panel ‘Sustainable finance: Assessing shades of green across payments and banking’, hosted by Finextra’s own Madhvi Mavadiya, speakers explored how the European banking landscape is adopting sustainable strategies.

22 June 2023

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EBAday: How Deutsche Bank, BBVA and JP Morgan handled the Russia/Ukraine war

Tackling the core subjects to be covered at EBAday 2023 in Madrid, Spain, Marc Recker, global head of product, institutional cash management, Deutsche Bank; Raouf Soussi Laghmich, head of strategy for enterprise payment, BBVA; and Renata Vilanova Lobo, head of global clearing, JP Morgan, participated in a strategic roundtable, led by Anita Hawse, Europe editor, The Banker, Financial Times.

20 June 2023

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