Thursday, December 3, 2020

What’s in Store for RegTech in 2017?

RegTech has been a famous buzzword in 2016 and the industry – banking and FinTech alike – is looking eagerly at 2017. Read more: www.letstalkpayments.com

KYC may be the next big thing for blockchain

The KYC process is costly, inefficient, and mandatory but the use of blockchain has the potential to reduce much of the headache. Read more: www.bankinnovation.net

How to deal with AML risks from a FinTech partnership

Strategies include developing formal agreements with partners defining the anti-money-laundering requirements and responsibilities that are expected of them. Read more: www.americanbanker.com

London leads RegTech growth as global investment soars

Regulation is a space with a clear need for innovative new approaches to problems the very largest of financial institutions have grappled with for a long time. Read more: www.fintechroundup.com

Regulators block sale of bitcoin miner avalon

A planned acquisition deal between Chinese manufacturer Shandong Luyitong and bitcoin mining hardware company Canaan is no more. Read more: www.coindesk.com

Regulatory focus is critical for P2P lending’s success in India

Reduced regulatory and legal uncertainty in the nascent stage of an industry’s development allows firms to fine-tune their business models. Read more: blogs.economictimes.indiatimes.com

BNP Paribus takes stake in RegTech startup Fortia

BNP Paribus Securities Services has invested in compliance startup Fortia giving the BNP Paribus subsidy a minority stake in the business. Read more: www.fintechroundup.com

PayPal receives subpoenas over anti-money-laundering compliance

PayPal said Wednesday it had received subpoenas from the US Justice Department over its anti-money-laundering compliance program. Read more: www.wsj.com

FintTech gains a national platform

The primary regulator of the nation's largest banks, the OCC, is considering issuing special purpose national bank charters to certain fintech firms. Read more: www.natlawreview.com

SEC Chief White: FinTech may need new regulation

New regulations may be needed to keep up with the “speed and impact” of FinTech developments, said SEC Chairwoman White. Read more: www.thinkadvisor.com

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