The UK’s FCA welcomes the new Financial Services Bill
The UK’s Financial Conduct Authority (FCA) has welcomed the Financial Services Bill introduced in Parliament, which it believes will offer high standards and clarity for firms.
Silent Eight doubles its valuation after the close of a $15m investment
Silent Eight, which leverages AI technology to combat money laundering and terrorism financing, has closed a funding round on $15m.
How different RegTechs tackled the Covid-19 crisis
More than nine months into the coronavirus pandemic, different segments of the RegTech industry has been responding to the crisis in various ways.
Is the criticism against the EU for removing the Cayman Islands from its list...
The European Council has removed the Cayman Islands from its list of non-cooperative jurisdictions for tax purposes. However, not everyone is happy about the decision.
RegulAItion partners with Open Data Institute to improve its AIR platform
Data platform RegulAItion will leverage the Open Data Institute (ODI) to support the development of its AIR platform.
Revolut rumoured to soon apply for California banking licence
UK-based challenger bank Revolut is reportedly on the cusp of applying for a banking licence in California.
The FCA warns customers who’ve invested in German Property Group to take action following...
The German Property Group has entered preliminary bankruptcy proceedings, which has caused the top UK financial watchdog to warn customers that they better snap into action.
Market positive for the ECB to be a trusted authority to publish compounded term...
The European Central Bank has closed a consultation that found that most market stakeholders were positive about it the bank acting as a trusted authority publishing compounded term rates using the euro short-term rate (€STR).
The FCA bans the sale of certain cryptocurrencies like bitcoin
The Financial Conduct Authority (FCA) has banned the sale of derivatives and exchange traded notes that reference certain types of cryptocurrencies like bicoin, ripple and ether to retail consumers.
Rich people neobank Monument receives restricted banking licence in the UK
The challenger bank for the wealthy Monument has received an authorisation with restriction banking licence from the Prudential Regulation Authority and the Financial Conduct Authority 18 months after its launch.
