21 companies apply for digital bank license in Singapore
The Monetary Authority of Singapore (MAS) has received 21 applications for digital bank licenses, as the regulator now beings its task of whittling it down to five.
Meet the 16 startups selected for Accenture’s new FinTech Innovation Lab London cohort
Accenture has picked 16 new promising startups from such varied disciplines as InsurTech, RegTech, open data and capital markets to take part of its UK-based accelerator programme.
Travelex names REvil as the ransomware that crippled its services and left clients stranded...
On New Year's Eve, Travelex, the foreign exchange company, shut down some of its services due to a ransomware attack, stranding travellers without access to money.
Circuit breakers reduce the risk of market volatility, ESMA finds
The European Securities and Markets Regulator (ESMA) has determined that circuit breakers can have significant impact on market volatility.
FCA and Bank of England propose changes to improve data and analytics
The Financial Conduct Authority (FCA) and the Bank of England has revealed plans to enhance its data and analytics capabilities to enhance monitoring of the UK’s financial sector.
Kamakura’s new suite helps Bank Islam Malaysia Berhad’s digitalisation process remain compliant
Bank Islam Malaysia Berhad taps RegTech Kamakura Corporation to ensure its digitalisation process remains compliant.
California’s DOB halts lending capabilities of Sezzle after deeming illegal activity
The California Department of Business Oversight (DBO) has denied point-of-sale (POS) lender Sezzle to offer loans after finding it engaged with illegal unlicensed lending.
Four 2019 hack attacks against the financial services industry to learn from
There was no shortage of digital assaults last year, but at least there are lessons to learn from them.
Travelex customers left furious as virus discovery cripples the exchange company’s services
The discovery of a malware program has forced foreign exchange company Travelex to suspend some of its services and customers are not happy about...
JPMorgan Chase bans FinTech third parties from accessing customers’ passwords
Third-party apps will no longer be able to access JPMorgan Chase’s customer accounts as the bank introduces stricter cybersecurity standards.
