Managers of Wealth Fintech

UK financial watchdogs set out new rules for overseeing critical third party tech providers

Fintech Excellence Awards Winners Revealed at SFF 2024

The awards celebrate innovative contributions by financial institutions, fintech firms, solution providers, and individuals to the financial services sector.

No safety net: technology-facilitated domestic abuse

Technology is a marvellous thing, but it can also be misused, including as a tool of domestic abuse.

Ireland's Online Safety Code enters into force

They are also required to use age assurance to prevent children from encountering pornography or gratuitous violence online and to have age verification measures in place as appropriate.

Leonteq launches Shari'a-compliant offering on LYNQS

Leonteq’s platform allows investors to benefit from a short time-to-market and access to a large array of asset classes

Australia plans ‘reset’ of its Consumer Data Right regime

While the recent amendments will bring new compliance requirements for businesses, it will also mean new opportunities for businesses prepared to take advantage of the benefits presented by the shift to action initiation.

ABA urges regulators to modernize supervisory approach to bank-fintech partnerships

In a letter to the agencies, ABA said the input the agencies receive “will be an important tool to help the agencies learn more about how banks partner with fintechs to deploy financial products and services”

VyStar Credit Union fined $1.5m over bungled online banking migration

The new system crashed upon launch because, says the CFPB, VyStar brought it online prematurely and failed to establish or follow critical processes to ensure its success.

Finastra extends partnership with DXC Luxoft and RightClick Solutions

DXC Luxoft supports clients in solving complex technology problems with a combination of Capital Markets domain experience and a global team of senior engineering talent.

Network International signs payment partnership with Ant International

Additionally, through this partnership, Network will partner with Ant International’s payment and digitisation services platform Antom

Tookitaki's Anti-financial Crime (AFC) Ecosystem helps Banks and Fintech Fight Financial Crime

FinCense integrates seamlessly with the AFC Ecosystem, providing financial institutions with access to a global network of financial crime experts.

Visa teams up with USAID for financial inclusion push

Through shared interests and goals, Visa and USAID will empower communities with digital and financial literacy

BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

The system’s capabilities were demonstrated through two practical use cases.

Australia Central Bank Unveils 3-Year Digital Money Plan

The RBA, in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), completed in August 2023 a joint research project on CBDC.

Norway's cashless economy drive halted by new cash payment rules

The Government is pleding enforcement of fines against businesses that "willfully or negligently violate the rules".

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

Bank of Ireland warns businesses of new 'live chat' scam

Fraudsters are calling customers pretending to be from Bank of Ireland

RBA consults on card scheme fees and surcharging

The Reserve Bank of Australia (RBA) is commencing its Review into Retail Payments Regulation.

UK Government consults on new rules for buy now, pay later products

The new rules will allow the FCA to demand checks on affordability so that BNPL firms will have to ensure that shoppers are able to afford repayments before offering a loan.

Insurance Amendment Bill Passed Amid Concerns Over Allianz-Income Deal

Minister for Transport and Second Minister for Finance, Chee Hong Tat, introduced the bill on behalf of Deputy Prime Minister Gan Kim Yong.

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