ECB top: “Libra has undoubtedly been a wakeup call for central banks and policymakers”
Benoît Cœuré, executive board member of the European Central Bank, has told the German Bundestag that stablecoins like Facebook’s Libra initiative come with both risks and opportunities.
Dutch bank ABN Amro investigated for alleged money laundering
Having anti-money laundering procedures in place have become increasingly important over the past few years. However, it seems ABN Amro may have failed in this regard.
Honeywell unveils a new cybersecurity platform
The new Honeywell Forge Cybersecurity Platform is the new digital defence solution from Honeywell, a Fortune 100 technology company.
Cybersecurity company eSentire beefs up its capabilities by signing two AI and malicious traffic...
eSentire, the managed detection and response company, has secured two new patents from the U.S. Patent & Trademark Office (USPTO).
The British Competition and Markets Authority has fined PayPal over its $2.2bn acquisition of...
PayPal has been slammed with a £250,000 fine after failing to clearly separate itself from iZettle, despite an order from the Competition and Markets Authority (CMA).
Survey claims innovation isn’t enough for FinTech startups to be successful
A new survey that has polled heavy UK FinTech hitters like Monzo and Habito suggests that customer reviews may be more important than innovation.
Open banking platform Tink signs partnership with Portuguese bank Caixa Geral de Depósitos
Caixa Geral de Depósitos (CGD) has signed a partnership with Swedish open banking platform Tink to integrate the startup’s solutions in its new app DABOX.
PayMongo raises $2.7m from Stripe, Peter Thiel and Y Combinator
Online Philippine payment provider PayMongo has raised $2.7m in order to leverage the country’s central bank’s ambition to go increase cashless payments by 20%.
Should cyber insurance be mandatory?
Cyberattacks still plague the internet, leaving waves of personal and financial destruction in its path, but making cyber insurance mandatory would help with reparation, according to Richard Fry, head of information security and risk at Covea Insurance.
InsurTech Zego has sold over 100 million hours’ worth of insurance policies
London-based gig economy InsurTech startup Zego has sold more than 100 million hours’ worth of flexible policies.