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Latest Results from /regulation

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NCino to buy FullCircl for $135m

Banking technology vendor nCino has struck a definitive agreement to acquire UK-based SaaS regtech platform FullCircl for $135 million in cash.

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Australia's Asic highlights governance lag in AI adoption

Australia's Securities and Investment Commission (Asic) is urging financial services and credit licensees to ensure their governance practices keep pace with their accelerating adoption of artificial intelligence.

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Central banks prove use case for embedding compliance into cross-border transactions

The Bank for International Settlements (BIS) along with central banks in Australia, Korea, Malaysia and Singapore have successfully demonstrated the feasibility of embedding regulatory compliance requirements with cross-border financial transactions.

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FCA fines Wise CEO Käärmann £350,000 for breach of senior manager conduct

Wise CEO Kristo Käärmann has been slapped with a £350,000 fine by the FCA for a breach of senior manager conduct relating to his failure to immediately report a default on his tax bill.

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NextGen: AI – Meet the speakers

Join Finextra at our inaugural London event next month to redefine the role of AI in financial services.

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Banking and credit financial complaints skyrocket in 2024 FOS reports

The Financial Ombudsman Service (FOS) has reported that they received 40% more complaints in the first half of 2024 than in the same period in 2023.

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AFP: Truist Bank exec says speed and simplicity is how to delight customers

Finextra sat down with Chris Ward, EVP enterprise payments for Truist Bank, to talk about what he sees coming in the future of payments.

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FCA finds not enough firms have disciplinary policies in place

The Financial Conduct Authority (FCA) found that the amount of workplace complaints have increased between 2021 and 2023, in its non-financial misconduct survey.

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Western Union to buy Singapore mobile wallet Dash

Western Union has struck a deal to buy mobile wallet Dash from Singaporean telco Singtel. Financial terms were not disclosed.

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Apple and Goldman Sachs fined $89 million by CFPB over Apple Card mismanagement

The Consumer Financial Protection Bureau has slapped an $89 million penalty on Apple and Goldman Sachs for illegally mishandling credit card transaction disputes and misleading iPhone purchasers about interest-free payment options.

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AFP: FedNow vs. The Clearing House’s Real Time – where does Request for Payment fit in?

Taking to the stage on the penultimate day of the AFP conference in Nashville’s Music City Center, were Netflix’s Joshua Karoly, The Clearing House’s Cheryl Gurz, US Bank’s Mike Thomas in a panel led by Strategic Resource Management’s Dean Nolan.

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CFPB faces lawsuit over new open banking rules in bank pushback

The Bank Policy Institute and Kentucky Bankers Association have filed a lawsuit against the Consumer Financial Protection Bureau, alleging that the regulatory agency overstepped its authority on the release of new open banking rules