HKMA issues discussion paper on retail CBDC issues
The Hong Kong Monetary Authority (HKMA) has launched a discussion paper to gather views on the key issues surrounding a retail central bank digital currency (CBDC).
Financial services have been slammed by more GDPR fines than any other industry
The EU’s General Data Protection Regulation (GDPR) has been enforced for over a year. During that time, financial services businesses have incurred the bulk of the fines from the law.
UK-based Jarvis raises £1.8m to enhance pension management technology
Jarvis, a pioneering pension FinTech, has successfully completed a seed funding round, raising £1.8 million.
Vesttoo confirms source of LOC fraud is external amid crisis
Vesttoo has revealed that the source of its now infamous LOC fraud scandal is external to the company.
ESMA recommends two-step assessment for derogation criteria of DRSPs
The European Securities and Markets Authority (ESMA) has recommended a two-step assessment for derogation criteria of data reporting service providers (DRSPs).
NetGuardians selected by LUKB for fraud prevention
Swiss FinTech NetGuardians, which provides an enterprise risk platform for combatting financial fraud, has been selected by Luzerner Kantonalbank AG (LUKB) to further enhance its fraud-prevention systems.
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%.
multifi expands credit offerings to empower SMBs
multifi, a leading provider of innovative financial solutions for small and medium-sized businesses (SMBs), has announced the expansion of its credit offerings to include...
Morgan Stanley faces £5.4m penalty for traders’ WhatsApp usage
Morgan Stanley has a fine of £5.4m over instances of its traders discussing market transactions using WhatsApp on private mobiles.
Trov announces several new brand partners as it continues its UK growth
Embedded insurance provider Trov has announced a wave of new customer brand partnerships as it continues to grow its presence in the UK.