Managers of Wealth Fintech

Fintech Giant Finastra Investigating Data Breach

A major part of Finastra’s day-to-day business involves processing huge volumes of digital files containing instructions for wire and bank transfers on behalf of its clients.

Lifting of BaFin restrictions boosts growth at N26

After first breaking even on a monthly basis in June 2024, the company has posted its first quarterly profit

Fintech at heart of UK's financial services growth strategy - Chancellor

APP fraud has soared in recent years, with UK losses of more than $500 million in 2023.

Klarna eyes Wall Street: Drafts IPO filing with the SEC

Klarna’s public debut is expected to draw significant attention, rivalled only by Revolut, which is valued at $45 billion and also anticipated to go public next year.

FinCEN warns banks about deepfake threat

Crooks are not just using deepfakes to circumvent ID authentication

NatWest blocks WhatsApp

The banking giant moved to block unapproved messaging services from work devices earlier this month.

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.

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