Legislation

The six biggest British banks have until the end of March 2020 to fully implement confirmation of payee scheme, the country’s Payment Systems Regulator (PSR) has announced.

Steele Compliance Solutions, a provider of integrated risk management solutions, has acquired Osprey Compliance Software.

The European Securities and Markets Authority (ESMA) has published new data bonds subject to the pre- and post-trade requirements of MiFID II and MiFIR.

Most banks in Denmark will be ready for PSD2 by its implementation date, although the quality of the APIs will be debated – and there are concerns around the readiness for Strong Customer Authentication (SCA), according to Tobias Thygesen director of FinTech, payment services and governance division at Finanstilsynet.

German authorities are launching administrative proceedings against Google after it was revealed the tech titan’s employees had listened to private conversations when reviewing Google Assistant, the company’s voice controlled digital assistant.

The Middle East Africa and South Asia region is getting its first know your customer (KYC) data-sharing consortium in Dubai

The UK Gambling Commission has penalized betting company Ladbrokes Coral Group for not putting up enough safeguards against money laundering and gambling harm. But it’s not finished yet.

The Financial Conduct Authority (FCA) has published new guidance regarding the different types of digital currencies it regulates.

The Latin American country’s government has issued a bill to regulate its iGaming sector. Now it is seeking guidance about how to go about it.

Edge Delta, a Seattle-based analytics platform, has collected $3m in its Seed round led by MaC Venture Capital and Amity Ventures.