Blockhain could regulate Russia’s national payment system
Russia’s AFI released a “roadmap” for improving the regulation of the National Payment System that includes using blockchain technology. Read more: www.cryptocoinsnews.com
Facilitating the global payments compliance playbook
Flywire looks to facilitate global payments compliance. Read more: www.pymnts.com
RegTech thrives on change like Trump, Brexit and China
RegTech companies will continue to serve the market of integrating systems while offering these services in a dynamic way as regulations change. Read more: www.bankinnovation.com
Dealflo scores £10m for deal automation
Financial agreement automation platform Dealflo has picked up £10m in a Series B round led Holtzbrinck Ventures. Read more: www.fintechroundup.com
Financial services firms expect regulatory burden to increase
The actual number of significant pieces of financial regulation governments have issued has slowed, but the existing regulation is becoming more complicated. Read more: uk.businessinsider.com
ASIC releases licensing exemption for FinTech startups
Eligible businesses will be able to commence testing without a licence for a maximum period of 12 months with up to 100 retail customers. Read more: www.zdnet.com
BOE asks FinTech firms to help warn banks about cyberattacks
The Bank of England is recruiting FinTech companies to help prevent cyberattacks targeting financial institutions. Read more: www.fintechranking.com
China’s P2P lending sector faces risk control challenges
Information technologies and innovation are not only reshaping the landscape ofmanufacturing but changing the roadmap of the virtual financial sector. Read more: www.chinadaily.com.cn
RegTech has become a crucial pillar of FinTech
The financial sector adheres to strict regulations, including the FinTech companies changing the world of finance, but the technology handling regulatory compliance is also adapting. Read more: www.industryandbusiness.ca
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