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The UK’s top financial watchdog has given its thumbs up for a new payment app launched by the former boss of Virgin Money.

Apple is not happy. The Cupertino-based tech titan may soon find itself being forced to allow rival payment providers to get access to its technology after German’s parliament voted in favour of new regulations.

Two men may have to pay a $2.3m fine from the U.S. Commodity Futures Trading Commission (CFTC), which is accusing them of fraud and for violating registration and commodity pool operator requirements.

British banks have disagreed on how fraud victims should be compensated, leading to people having fallen prey to bad actors potentially being left with reduced reimbursement options in January.

UBS has landed it legal hot waters in Singapore after its employees overcharged and failed to be transparent to clients.

There are several reasons why FinTech and RegTech providers in Singapore should take notice of a new initiative in the state.

The UK’s National Crime Agency has received a record number of reports related to suspected money laundering attempts.

Having partnered up with HSBC in September, Quantexa is now going to provide its contextual intelligence software to help international banking group Standard Chartered prevent financial crimes.

FinTech company HPS has bagged an ISO / IEC 27001 certification, showcasing it lives up to an international standard for information security management systems.

Legalwise, it has not been a great week for Wells Fargo. First it was ordered by a US regulator to pay $14m for failing to uphold conduct standards and then a jury ordered the financial services company to pay $200m for infringing on two patents.