Articles with tag like: regulators

Found 34 results in 984 milliseconds.

Norway regulators to fine Grindr USD 11.7 mln for alleged data sharing

News | Digital Identity, Security & Online Fraud | 28 Jan 2021

Norwegian regulators have announced intentions to fine popular gay dating app Grindr with nearly USD 12 million over alleged data-sharing practices, according to ABC News.

Norway, regulators, Grindr, fine, data sharing, data privacy, data sovereignty, third parties, dating app, Norwegian Data Protection Authority

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

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

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

Nordic banks join forces to fight money laundering

News | Digital Identity, Security & Online Fraud | 13 May 2019

The Nordic region’s six banks have joined together to set up a customer checking center to fight money launderers.

Nordic banks, money laundering, Danske Bank, Swedbank Handelsbanken, Nordea, SEB, DNB, KYC, financial crime, checks, safety, identity, verification, finance industry, regulators, fraud, fraudsters

Canadian regulators sign agreement with the Financial Conduct Authority

News | Payments General | 22 Apr 2019

The securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Québec and Saskatchewan have announced an agreement with the UK`s FCA.

regulators, agreement, Financial Conduct Authority, innovation, finance

Jumio, ComplyAdvantage partner for AML risk exposure cutting

News | Digital Identity, Security & Online Fraud | 19 Mar 2019

Jumio has launched automated AML screening solution Jumio Screening, which integrates ComplyAdvantage, a real-time database of people posing financial crime risk.

Jumio, partnership, ComplyAdvantage, AML, risk, financial crime, terrorist financing, onboarding, PEPs, due diligence, regulators, banking, ID verification, compliance