Tuesday, April 23, 2024

Fraugster nabs $5m for AI-powered anti-fraud

Artificial intelligence-powered anti-fraud startup Fraugster has raised $5m in funding. Earlybird led the round with existing backers also participating. Read more: www.fintechroundup.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

Financial fraudsters hit every 15 seconds

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by FFA UK. Read more: www.finextra.com

The AML conundrum solved?

Blockchain could be the transformative technology that solves the AML (anti-money-laundering) conundrum. Read more: banknxt.com

International FinTech regulatory sandboxes launched

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

Adapting regulation for the FinTech world

The Consumer Financial Protection Bureau quietly modernized regulations associated with a 38-year-old law to bring safeguards to today’s mobile world. Read more: www.regblog.org

RegTech will help move from big data to smart data

Mathieu Maurier, Societe Generale Securities Services, explains regtech and where it fits into the industry in relation to fintech. www.finextra.com

P2P lending: towards easy funding in India

The consultation paper on peer-to-peer (P2P) lending, released by the Reserve Bank of India (RBI) in late April, proposes a balanced approach. Read more: www.livemint.com

What is the cost of compliance in 2016?

Thomson Reuters releases survey assessing the concerns of compliance staff at 300 financial institutions worldwide and finds that regulatory burdens are not easing, while resources are increasingly squeezed, leading firms to technological solutions. Read more: www.waterstechnology.com

24 companies accepted for FCA’s FinTech sandbox

The Financial Conduct Authority (FCA) has announced the first 24 companies that will be taking part in its regulatory sandbox. Read more: www.cryptocoinsnews.com