Tags Fintech

Tag: Fintech

FCA urged to better regulate philanthropy advice

The Law Family Commission on Civil Society has called for the UK’s Financial Conduct Authority (FCA) to make philanthropy advice training mandatory for financial advisors.

AI-powered financial fraud detection spend to hit $10bn

AI-powered financial fraud detection spending will exceed $10bn by 2027 as firms try to cope with increasingly complex attacks, according to a report from Juniper Research.

US Treasury calls for greater regulation of FinTech and bank relationships

The US Department of the Treasury has called for more regulation on the partnerships between FinTech and banks to protect consumers.

Hong Kong introduces subsidies to help bolster FinTech competitivity

The Hong Kong government is planning to bring in a range of financial incentives to address skill shortages in the FinTech sector.

How FNZ is improving the foundations of a three lines of...

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.

Nearly half a trillion dollars wiped off FinTech valuations according to...

 Almost half a trillion dollars has been wiped from the valuation of FinTech companies, according to a report from the Financial Times.

China endorses plan to strengthen FinTech regulations

President of China Xi Jinping has officially approved a plan to standardise and develop regulations for the FinTech sector, MarketWatch has reported.

South Korea seeks lighter touch on FinTech investment regulations

The chief of South Korea’s Financial Supervisory Service (FSS) has revealed he is seeking to ease restrictions on financial firms’ investment in FinTechs.

Why is it important to bring a human connection to remote...

Digital banking transaction security developer OneSpan has published an eBook which outlines how to find a unique competitive edge with remote processes, blending human and digital experiences with e-signature practices.

Does the FinTech industry have a compliance problem?

A recent blogpost by Sigma Ratings has detailed how the FinTech industry is facing heightened scrutiny from regulators as issues around compliance comes to the forefront.

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