Tag: regtech

With an anticipated wave of deregulation, neither the U.S. nor the U.K. wants to apply the old way of regulation to FinTech firms. Read more: www.bankinnovation.net

Financial services compliance management software maker Convercent has snapped up $11m of Series C funding thanks to investors including Tola Capital and Sapphire Ventures.

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

The licenses will be available to companies like Square and Lending Club that accept deposits, facilitate electronic payments or lend money. Read more: www.fintechranking.com

They have the potential to become the next Visa, Paypal or Charles Schwab because they could transform important areas of the financial services industry. Read more: www.uk.businessinsider.com

A range of international financial authorities in collaboration with financial institutions have launched regulatory sandboxes, creating safe environments to take risks. Read more: www.letstalkpayments.com

FinTech has been labelled a modern day gold rush fuelled by ambitious entrepreneurs and innovative technologies and consumer demand. Read more: www.theaustralian.com.au

Financial services companies are struggling to keep up with a mountain of new regulatory and reporting requirements — and it's only going to get worse. Read more: uk.businessinsider.com

Canada's central bank, the Bank of Canada, and five other Canadian banks (like a growing number of banks around the world). Read more: bitcoinmagazine.com

Regulator sees technology as a solution to high costs and inefficient processes. Read more: www.ftadviser.com