Saturday, March 2, 2024

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

Is risk management broken? If so, how can it be fixed?

Financial crises are not new, but the global financial crisis of 2008 exposed the over-leveraged interconnectedness of our modern digital age. Read more: www.bankingtech.com

UK & US FinTech Working Group to explore RegTech

Innovate Finance and Hogan Lovells are looking at the potentially transformative role that regulatory technology (RegTech) will have on US financial environment. Read more: www.fintechranking.com

Quantexa scores $3.3m to take on financial crime with data

Financial services big data and analytics company Quantexa has landed a $3.3m investment from Albion Ventures and HSBC. Read more: www.fintechroundup.com

RegTech could keep firms from being overprotective

One solution to protecting financial data is simply to treat all data as sensitive. However, this all-or-nothing approach would lead to unnecessarily large data storage requirement. Read more: www.finextra.com

EverCompliant reels in $9.5m to tackle transaction laundering

Transaction laundering detection and prevention company EverCompliant has raised $9.5m in a Series A round. Abor Ventures led the funding with existing backers. Read more: www.fintechroundup.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

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

Invoice fraud a problem for FinServ

Invoice fraud isn't just a problem for governments - financial services should combat it, too. Read more: www.pymnts.com

Blockchain and the growing RegTech ecosystem

As the prevalence of RegTech increases, so too does the importance of entrepreneurs and developers taking advantage of the technology. Read more: www.siliconrepublic.com

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