Bank of Korea set to kick-off central bank digital currency pilot
The Bank of Korea (BOK) has revealed it is planning to initiate its central bank digital currency (CBDC) pilot later this month.
Plaid to pay $58m to settle a class-action lawsuit centered on data privacy
Plaid agreed to pay $58m to settle a class-action lawsuit where consumers' claimed that the financial technology company obtained and used bank account credentials and financial...
SEC charges two men for allegedly misleading consumers with sales of securities
The US Securities and Exchange Commission (SEC) has charged two men and their Cayman Islands-based company for unregistered sales of over $30m of securities through smart contracts and decentralised finance (DeFi) technology.
SEC chair highlights US cryptocurrency regulation shortfalls
The Securities and Exchange Commission (SEC) chair has outlined gaps in US regulation of cryptocurrencies that could cause investor risk and financial crime concerns.
The key regulatory challenge facing the financial industry that you should know about
Regulators are striving to strike a balance between ensuring data security and privacy, and facilitating cyber compliance. As policy-makers attempt to develop a regulatory framework for a safer digital environment, financial firms must appropriately navigate the industry’s everchanging environment.
BIS paper outlines Big Tech regulation challenges in financial services
The Bank for International Settlements (BIS) has published a paper underlining the challenges caused by rapid Big Tech growth in the financial services sector.
MAS reveals plans to launch new banking data-sharing platform
The Monetary Authority of Singapore (MAS) has revealed it has been working with legal and industry partners to develop a platform to help banks securely share information.
Projective acquires data consultancy to help European growth
Consultancy firm Projective Group has acquired specialist data consultant DTSQUARED to help it increase its own capabilities and expand across the Europe.
US to bolster cyber synergies with new defence center launch
The US government has revealed it is introducing a new cyber defence center focused on strengthening collaboration between the public and private sector.
SentiLink closes Series B to support launch of new products
Identity verification technology developer SentiLink has collected $70m in its Series B round as it looks to enhance its product suite.
