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.
Bank Negara Malaysia looking to welcome digital banks into the market
Bank Negara Malaysia has updated its licensing framework for digital banks and is planning on issuing up to five new licenses to qualified applicants.
Clydesdale and Yorkshire Bank customers in uproar after their wages and payments don’t enter...
A Virgin Money subsidy is facing harsh customer criticism after transfers into their accounts failed to materialise.
US regulator awards whistleblower $1m for exposing scheme that violated commodities and futures trading...
The U.S. Commodity Futures Trading Commission (CFTC) has emphasised the need for whistleblowers to step forward with a new reward.
Three US regulators change the rules for how banks will be assessed
The Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (OCC) have issued new rules for assessing US banks in 2020.
What’s next for Australian RegTech?
2019 saw a fluttering of new initiatives in the Australian RegTech sector. So, what’s next?
Investors sue Danske Bank for money laundering scandal
Roughly 60 investors are suing Danske Bank over the money laundering scandal.
Ascent adds a top 50 bank to its client base
Compliance automation platform Ascent has added a new unnamed Global Top 50 bank to its client base to help them keep up with regulations such as the Senior Managers and Certification Regime (SM&CR) and the Banking Executive Accountability Regime (BEAR).
Ascent looks back on 2019 and predicts what’s in store for 2020
It has been a big year for RegTech, with $6.5bn being invested in just the opening three quarters. With the year coming to an end, it begs the question of, what is next for the sector?
ESMA highlights changes needed for credit ratings compliance
The European Securities and Markets Authority (ESMA) has recommended a number of improvements to be made to credit ratings including a boost in transparency.
