Latest Regulation & Compliance News: Finextra Research

Biden and Harris address AI regulation with BigTech CEOs

US President Joe Biden met with CEOs of several leading tech firms to discuss the dangers of rapid artificial intelligence (AI) adoption.

05 May 2023

/regulation

Crypto ATMs the target of continued FCA crackdown

The Financial Conduct Authority (FCA) has been working alongside the South West Regional Organised Crime Unit in Yorkshire, the Humber Regional Organised Crime Unit, and the Nottinghamshire Police Force to continue its crackdown on unregistered crypto ATMs.

05 May 2023

/regulation

Payments Canada Summit: Bank of Canada's Morrow on supervising PSPs

As the Bank of Canada prepares to assume responsibility for supervising the country’s 2500 payment service providers, Finextra spoke to Ron Morrow, the bank’s executive director of supervision.

05 May 2023

/regulation

ECEX ensures AML compliance with facial recognition at currency exchage machines

Currency exchange machines featuring facial recognition technology have been installed in a variety of airports and travel hubs across Europe in a bid to clamp down on money laundering.

05 May 2023

/regulation

Payments Canada Summit: real-time payment success stories

Nearly 80 countries around the world now have real-time payment systems, with dozens of other markets in the process of developing their own platforms. Representatives from Brazil and Australia joined the Payments Canada Summit on Thursday to share their experiences.

05 May 2023

/regulation

Payments Canada Summit: open access and open banking

Payments Canada is pushing hard for the government to open up access to the country's payment systems to local credit unions and payment service providers this year, CEO Tracey Black told the organisation’s summit in Toronto on Wednesday.

04 May 2023

/regulation

Payments Canada Summit: cross-border and ISO 20022 are hard!

Cross-border payments and the migration to ISO 20022 were hot topics at the Summit on Wednesday, with key players beaming in from around the world for a pair of virtual panels.

04 May 2023

/regulation

Payments Canada Summit: navigating the crypto headwinds

A panel of industry players and regulators took on the tricky task of unpacking the frantic last year of crypto developments, taking three cataclysmic events – the TerraUSD ad Luna implosion, the collapse of the Celsius network, and the FTX debacle - as jumping off points to explore where the industry is headed.

04 May 2023

/regulation

Innovate Finance slams UK government's 'onerous' BNPL proposals

Fintech industry body Innovate Finance says its members are "deeply concerned" by the UK government's plans to regulate the buy now, pay later sector, arguing that the measures would be more onerous than those that apply to credit cards.

03 May 2023

/regulation

Coinbase opens international exchange

Crypto giant Coinbase has opened a derivatives exchange for institutional investors outside of the US as it seeks to reduce its reliance on its home market in the face of regulatory scrutiny.

02 May 2023

/regulation

Regulators seize First Republic, sell it to JPMorgan Chase

Regulators have seized First Republic Bank and sold all its deposits and most of its assets to JPMorgan Chase.

01 May 2023

/regulation

NextGen Nordics: Cross border payments are a political weapon

At NextGen Nordics in Stockholm this week, Finextra’s senior reporter Paige McNamee was joined by Patrik Havander, head of B2B connect/cross border money movement Europe, Visa; Daragh Kirby, head of sales & marketing, Intercope; Katja Lehr, managing director, EMEA payments and commerce solutions, JP Morgan Chase; and Dr Hubertus von Poser, member of the management board, PPI.

28 April 2023

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