MAS urges finance companies to moderate dividends for the financial year
The Monetary Authority of Singapore (MAS) has called for finance companies incorporated in Singapore to cap their total dividends per share for the financial year 2020 at at 60% of 2019’s level.
Blackhawk Network taps Moneyhub for compliance and open banking solutions
Payment provider Blackhawk Network has picked open finance data and intelligence platform Moneyhub to deliver its compliance with the open banking standards.
High Court slams Avacade and Alexandra Associates with £10.7m fine
The UK High Court has ordered pension introducers Avacade, Alexandra Associates and their directors to pay £10.7m restitution to consumers.
Value of anti-money laundry fines have jumped to $706m since 2019
The amount businesses are fined for failing to live up to their anti-money laundering commitments have skyrocketed in the last year, according to new research from Duff & Phelps.
Check out the 29 FinTech companies to raise rounds last week
Last week's FinTech funding rounds highlight the fractured neobank scene, show the sector's coronavirus struggles and demonstrate some areas industry stakeholders should be interested in right now.
Customers abandon purchases because of strong customer authentication processes
Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.
RegTech software developer Thentia secures investment from Business Development Bank of Canada
Thentia, which helps companies meet their regulatory requirements, has bagged a Series A investment from the Business Development Bank of Canada (DBC).
How Muinmos makes it easier for businesses to stay abreast of MiFID II
Having already established itself as a leader in automated regulatory compliance, Muinmos has now taken additional steps to make it easier for businesses to meet regulatory demands.
MAS is doubling down on its efforts for people to adopt SORA
The Monetary Authority of Singapore (MAS) has launched several initiatives to boost the adoption of its new interest benchmark.
FCA concerned about credit firms allowing repeat borrowing
The UK's top financial markets regulator is concerned about credit firms' practices after a review revealed that relending often leave vulnerable customers worse off.
