Articles with tag like: FINMA

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Gazprombank gets Swiss approval for crypto services

News | Cryptocurrencies | 02 Nov 2020

Switzerland-based Gazprombank, a subsidiary of the Russian bank, has been approved by the Swiss Financial Market Supervisory Authority (FINMA) to offer crypto services.

Gazprombank, Swiss Financial Market Supervisory Authority, FINMA, cryptocurrency, Switzerland, Bitcoin

Libra's imminent launch is in the rumour mill

News | Cryptocurrencies | 30 Oct 2020

Libra, the Facebook-backed project, has reportedly been poised to launch in 2020, gathering a roster of big names from banking as well as enforcement, while scaling back on initial ambitions.

Libra, launch, Facebook, banking, regulated payments, cryptocurrency, HSBC, Credit Suisse, FINMA, Switzerland, stable coins, single currency, multi-currency, payment tokens

SEBA Bank, Lightnet Group partner for joint venture

News | Payments General | 25 Aug 2020

Switzerland-based FINMA licensed SEBA Bank has signed a Memorandum of Understanding with Lightnet, a Singapore-based fintech company.

SEBA Bank, Lightnet Group, joint venture, Switzerland, FINMA, SEBA Bank, Memorandum of Understanding, Lightnet, Singapore, fintech, settlements, remittances, fiat currencies, settlement banking network, account, custodian, digital currencies, MTOs, money transfer operators, unbanked, fragmentation

Switzerland-based YAPEAL partners with Marqeta for digital wallet

News | Payments General | 09 Jul 2020

Fintech startup YAPEAL has launched a new digital wallet, powered by US-based Marqeta’s card issuing platform. 

Yapeal, Marqeta, Switzerland, US, United States, digital wallet, fintech, startup, card issuing platform, fintech license, FINMA, Visa, debit card, personal finance, Google Pay, Apple Pay, Samsung Pay, Token

Neobank Yapeal launches its business

News | Online & Mobile Banking | 07 Jul 2020

Switzerland-based neobank Yapeal has launched its business, based on its digital wallet. 

Switzerland, neobank, Yapeal, digital wallet, fintech, FINMA, US, Visa, debit cards, cards, banks, mobile app

FX trading, forex licensing, and fraud - Exclusive interview with Cyprus Securities and Exchange Commission

Interviews | Payments General | 18 May 2020

Demetra Kalogerou, Chairwoman of Cyprus Securities and Exchange Commission, discusses CySEC `s mission, the process of licensing forex brokers, forex scams, payments, and how Covid-19 is impacting the FX trading and crypto industry

CySEC, Demetra Kalogerou, forex brokers, forex scams, payments, FX trading, licensing, COVID-19, regulations, legislation, supervision, policymaking, CIF, FCA, FINMA, investors, funds, money laundering, terrorist financing, foreign exchange market

Falcon Private Bank to exit private banking in 2021

News | Payments General | 13 May 2020

Switzerland-based Falcon Private Bank has changed its name after confirming it will cease its core activities in 2021 after a strategic review of the business.

Switzerland, private banks, banks, banking, Falcon Private Bank, Swiss Financial Market Supervisory Authority, FINMA, Monetary Authority of Singapore, MAS, Singapore, 1MDB, money-laundering

Apian raises EUR 11.5 mln in Series A funding

News | Online & Mobile Banking | 06 May 2020

Switzerland-based challenger bank, Alpian, has closed a Series A funding round worth EUR 11.5 million. 

Switzerland, fintech, startup, Apian, challenger bank, banking license, Swiss Financial Market Supervisory Authority, FINMA, digital, disruptive technology

Digital bank Yapeal receives fintech license in Switzerland

News | Online & Mobile Banking | 18 Mar 2020

Digital bank Yapeal has received the first fintech license in Switzerland.

Financial Market Supervisory Authority, Yapeal, digital bank, Switzerland, Swiss Parliament, fintech, financial technology, FINMA

FINMA sanctions the Swiss bank for corruption

News | Digital Identity, Security & Online Fraud | 24 Feb 2020

Switzerland-based Financial Market Authority (FINMA) has banned Julius Baer Bank, a Swiss multinational private bank, from conducting any significant acquisitions.

Swiss bank, sanction, corruption, Switzerland, FINMA, banks, AML, PDVSA, KYC, irregularities, data, breaches, financial services, transactions

FINMA releases anti-money laundering rules to blockchain providers

News | Cryptocurrencies | 27 Aug 2019

The Swiss Financial Market Supervisory Authority (FINMA) has published guidance on how it applies anti-money laundering rules to financial services providers in the area of blockchain tech.

money laundering, financial crime, blockchain, anonymity, Swiss Financial Market Supervisory Authority, FINMA, Switzerland

FINMA: Crypto trading should be treated as high risk

News | Cryptocurrencies | 06 Nov 2018

Switzerland\s Financial Market Supervisory Authority (FINMA) has released some guidance for banks wanting to trade in crypto assets.

Financial Market Supervisory Authority, FINMA, cryptocurrency, crypto trading, banks, digital assets, Switzerland

Swiss regulator blames Credit Suisse for money laundering

News | Digital Identity, Security & Online Fraud | 18 Sep 2018

Credit Suisse has failed to adequately fight money laundering in suspected corruption cases, according to the Swiss Financial Market Supervisory Authority (FINMA).

Credit Suisse, money laundering, financial crime, FINMA, Europe, corruption, Switzerland, Swiss Financial Market Supervisory Authority

Swiss financial regulator to propose looser AML rules for fintechs

News | Digital Identity, Security & Online Fraud | 29 Aug 2018

FINMA, a Switzerland-based financial regulator, has announced plans to loosen anti-money laundering rules for smaller financial technology companies, according to Reuters.

FINMA, AML, Switzerland, fintech, banking, money laundering, fraud prevention, Europe

Swiss and Japan regulators sign fintech agreement

News | Payments General | 05 Apr 2018

Japanese and Swiss financial regulators have initiated an agreement on financial technology.

Switzerland, Japan Financial Services Agency, FSA, Financial Market Supervisory Authority, FINMA, cooperation, fintech, regulators, financial services

FINMA updates due diligence requirements for digital onboarding

News | Digital Identity, Security & Online Fraud | 19 Feb 2018

The Swiss Financial Market Supervisory Authority FINMA has announced several updates on the due diligence requirements for digital onboarding to reflect advances in technology.

FINMA, Switzerland, digital identity, digital onboarding, identity verification, security, compliance

Australian and Swiss regulators to cooperate on fintech

News | Payments General | 02 Nov 2017

Financial regulators in Australia and Switzerland have agreed a deal designed to support innovation in the use of financial technology.

Australia, Switzerland, regulators, fintech, cooperation, ASIC, FINMA