12/20/2023
Binance Successfully Completes SOC 2 Type II Compliance Audit
It has also received the ISO 27001 and ISO 27701 certifications
Legal,Regulation,Tax & Compliance
12/20/2023
Iosco issues DeFi policy recommendations
The risks of crypto-asset markets are real
12/20/2023
FinTech firms face hefty fines for communication and recordkeeping lapses
The firm’s procedure was deemed deficient, as it failed to ensure all necessary communications were captured and archived.
12/20/2023
US Bank hit with multi-million dollar fines over prepaid card programme for the unemployed
Office of the Comptroller of the Currency
12/19/2023
DoJ cracks down on fraudsters using microtransactions
The crooks often hide these unauthorised charges using 'microtransactions' which group the charges with a large number of low-value, straw transactions to lower the fraudster’s chargeback rate.
12/19/2023
Guernsey regulator says Sure's broadband prices are "far too high"
The independent regulator has now instructed Sure to lower its prices from 1 April 2024 by 31%.
12/19/2023
US court approves CFTC settlement against Binance and $2.7 billion penalty
As previously announced, the order finds Binance, at Zhao’s direction, actively solicited customers in the United States
12/18/2023
TD Bank Group and Plaid Forge Data-Access Agreement in North America
We know our customers are looking to access new types of services that meet their unique financial needs.
12/15/2023
Regtech scale-up Salv raises €3.9m for UK market expansion
Founded by Wise and Skype alums, Salv says it has doubled revenue in 2023 as banks seek to combat rising APP fraud.
12/15/2023
AI startup Jenesys AI raises $1.1m for B2B accounting breakthrough
The new capital injection will be used for engineering, customer success, and expanding global payment compliance.
12/14/2023
UK payments watchdog proposes cap on interchange fees
The watchdog believes that the card schemes have "likely raised these fees to an unduly high level", at the expense of UK businesses.
12/14/2023
Former Tradeshift CEO faces further allegations of sexual assault against assistant
The B2B payments fintech fired its CEO two months ago over “serious allegations of sexual assault and harassment”
12/13/2023
Capgemini Enables Inpost to Transform its Business Processes Across Multiple European Markets
New cloud transformation agreement to bring greater efficiency, innovation and speed with state-of-the-art analytics and live reporting.
12/12/2023
Iress welcomes efficiency measures in final Government response to QAR
Among the proposed changes outlined in the Government’s final response are the removal of the need for statements of advice in favour of new principles-based advice records.
12/12/2023
Danske Bank to implement Netdania charting technology
The strategic partnership is the first collaboration between Danske Bank and Netdania
12/11/2023
Trade Republic lands full banking licence from ECB
This includes expanded banking services such as deposit solutions and credit tools.
12/11/2023
Google updates policy to allow ads for US crypto trusts
Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved.
12/11/2023
Moneyhub granted Credit Information Services permissions by the Financial Conduct Authority
Over 150m people have access to Moneyhub’s technology through their partners
12/08/2023
OCC warns banks on BNPL lending
Acting Comptroller Hsu says: “As the buy-now-pay-later market grows and we enter the holiday shopping season, the guidance confirms our expectation that OCC-supervised institutions offering these products do so in a responsible manner.”
12/07/2023
First Atlantic Commerce signs MoU with MasterCard
FAC said the partnership would also promote the implementation of innovative digital acceptance solutions