Articles with tag: regulators

Found 42 results in 317 milliseconds.

UK, EU to talk over financial cooperation

News | Payments General | 13 Jan 2021

The UK has announced talks with the European Union in January 2020 on how regulators will cooperate over financial services after Brexit has been completed, according to Bloomberg.

UK, EU, finance cooperation, financial services, regulators, Brexit, Memorandum of Understanding, MOU

Facebook's Libra to launch in January 2021: CoinDesk Report

News | Cryptocurrencies | 27 Nov 2020

Facebook’s stablecoin, Libra might get off the ground as early as January 2021, albeit in a more limited format than the original multi-currency basket envisioned, according to CoinDesk.

LibraUSD, LibraEUR, LibraGBP, LibraSGD, Libra, Facebook, stablecoins, regulators

API monetisation: making a success of Open Banking

Voice of the Industry | Online & Mobile Banking | 10 Nov 2020

Kunal Jhanji, partner at BCG, discusses API monetisation and how Open Banking can deliver commercial outcomes for all industry players

BCG, Kunal Jhanji, API, Open Banking, Open Finance, standardisation, banks, PSD2, data sharing, fintech, payments, API monetisation, regulators, TPPs, API-as-a-service, KYC, onboarding, premium API,

China-based P2P lenders report USD 115 bln in losses due to scams

News | Digital Identity, Security & Online Fraud | 17 Aug 2020

Peer to peer (P2P) investors based in China have reported losses of over USD 115 billion in unpaid debt, due to failed lending platforms.

China, P2P lending, lenders, P2P lenders, scams, losses, unpaid debt, lending platforms, Chinese Banking Regulatory Commission, regulators, funds, investigations, scammers, fraudulent schemes

Metro Bank acquires RateSetter

News | Payments General | 04 Aug 2020

Metro Bank has announced its intention to purchase peer-to-peer lender RateSetter for up to USD 15.6 million.

Metro Bank, banks, P2P, lender, RateSetter, UK, regulators, loans, Australia

Visa to offer Bitcoin, Ethereum, and Ripple payments

News | Cryptocurrencies | 27 Jul 2020

Payments provider Visa has announced plans to incorporate cryptocurrencies such as Bitcoin (BTC) into its payments network.

VISA, Bitcoin, Ethereum, Ripple, payments, BTC, merchants, cryptocurrencies, stablecoins, Tether, payment method, regulators, Coinbase, Fold, digital currencies, payment network, crypto wallets, cards, prepaid cards

Morgan Stanley to share its climate impact

News | Online & Mobile Banking | 21 Jul 2020

US-based bank Morgan Stanley has announced plans to publicly disclose how much its loans and investments contribute to climate change.

Morgan Stanley, US, United States, bank, loans, investments, climate change, climate impact, financial regulators, fossil fuels, government policies, greenhouse gas emissions, Partnership for Carbon Accounting Financials, financial company, financial institutions

Estonia revokes crypto businesses licenses to crackdown on illicit financial flows

News | Cryptocurrencies | 16 Jun 2020

Following a USD 220 billion money-laundering scandal involving Danske Bank, Estonia has cancelled 500 cryptocurrency companies’ licenses, as part of a crackdown on illicit financial flows.

AML, crypto, Estonia, Danske Bank, crypto licences, regulators, AML, fraud prevention

Potential ML breaches in Australia reported by HSBC

News | Digital Identity, Security & Online Fraud | 09 Apr 2020

HSBC has reported itself to Australia's financial regulator for possible breaches of AML rules, the bank disclosed in a regulatory filing by its Australian subsidiary.

HSBC, money laundering, breaches, Australia, financial regulator, AML, bank, financial institutions, UK, financial crime, regulators

US banking regulators urge banks to help borrowers struggling due to coronavirus

News | Payments General | 26 Mar 2020

US banking regulators have announced they would not penalize banks that help borrowers struggling to repay loans due to the coronavirus outbreak, and vowed to provide “appropriate regulatory assistance” to affected institutions.

US, banking, regulators, banks, borrowers, coronavirus, loans

OKCoin supports the Singapore dollar, while opening local office

News | Cryptocurrencies | 13 Mar 2020

Fiat-focused cryptocurrency exchange OKCoin has announced that traders can now deposit and withdraw Singapore dollars for Bitcoin and Ethereum.

OKCoin, launch, Singapore, dollar, cryptocurrency, digital assets, government, regulators, digital payments

New requirements on crypto exchanges voted by South Korean lawmakers

News | Cryptocurrencies | 06 Mar 2020

South Korean lawmakers have voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s crypto economy.

cryptocurrency exchanges, South Korea, AML, VASP, CFT, virtual asset service providers, virtual assets, regulators

Updates on Facebook's Libra – the project is still on

News | Cryptocurrencies | 05 Mar 2020

Facebook has been reportedly rethinking its plans for its own digital currency after resistance from regulators, according to BBC.

Facebook, Libra, Calibra, Libra Association, digital currency, regulators, cryptocurrency

Wells Fargo agrees to pay USD 3 bln to solve fake-accounts investigation

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

Wells Fargo has agreed to pay USD 3 billion to settle criminal and civil investigations into a long-running practice, BusinessInsider reports.

Wells Fargo, fake accounts, investigation, payments, criminal case, bank accounts, federal regulators, securities

Fines for privacy breaches reach EUR 114 million in Europe

News | Digital Identity, Security & Online Fraud | 20 Jan 2020

European regulators have imposed EUR 114 million euros in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country.

GDPR, fines, data breaches, European regulators, fines, DLA Piper

Danske Bank reported for overcharging customers

News | Payments General | 03 Sep 2019

Denmark’s financial watchdog had reported Danske Bank to the police for overcharging customers.

Danske Bank, money laundering, overcharging customers, fees, banking, regulators, Denmark

Privacy commissioners from across the globe concerned over Facebooks Libra

News | Cryptocurrencies | 07 Aug 2019

Data protection chiefs from across the globe have expressed concerns over the privacy risks posed by Facebook’s Libra cryptocurrency project.

Data protection, data privacy, Facebook, Libra, Calibra, payments, financial authorities, regulators

Senate panel calls over Facebooks Libra digital currency project

News | Cryptocurrencies | 21 Jun 2019

On 16 July 2019, Facebook’s plans to create a global cryptocurrency have faced scrutiny from the US Senate Banking Committee.

Facebook, Senate panel, US, digital currency, scrutiny, Libra, cryptocurrency, crypto assets, US Senate Banking Committee, hearing, data privacy, launch, regulators, financial services, policymakers, transactions

Refinitiv offers its digital KYC solutions to retail banking and wealth management

News | Digital Identity, Security & Online Fraud | 07 Jun 2019

Refinitiv has planned to expand its suite of financial crime solutions into the wealth industry, in an attempt to facilitate the KYC and onboarding processes.

Refinitiv, digital KYC solutions, retail banking, wealth management, KYC, onboarding, regulators, risk management, accounts, due diligence, digital identity, verification, biometrics, fraud, financial crime

India: Aadhaar biometric KYC authentication considered for fintechs

News | Digital Identity, Security & Online Fraud | 20 May 2019

Digital financial services companies in India have been given the possibility to soon be able to authenticate customers with biometrics using Aadhaar.

India, Aadhaar, biometrics KYC, authentication, fintechs, government, digital financial services, non-bank financial service, security, ML, RBI, financial regulators, regulations, UIDAI