20 January 2017
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A host of US fintech firms - including Betterment, Kabbage and Ripple - have set up an industry group to push for consumers' rights to share their bank financial data with third parties.

The number of US data breaches tracked in 2016 hit an all-time record high of 1093, up 40% on the previous year, according to a new report from the Identity Theft Resource Center (ITRC) and CyberScout.

MIT has recruited TD Bank and Prudential to sponsor its first-ever fintech hackathon.

Western Union to pay $586m to settle AML charges
Payments

Western Union to pay $586m to settle AML charges

12 hours ago  | 1 comments | 6 tweets | 15 linkedin

Western Union has agreed to pay $586 million to settle US criminal and civil charges that it wilfully failed to maintain an effective anti-money laundering programme and aided and abetted wire fraud.

Rabobank readies for real-time payments
Payments

Rabobank readies for real-time payments

22 hours ago  | 0 comments | 13 tweets | 14 linkedin

Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide.

Saudi Arabia's Al Rajhi Bank has introduced biometric fingerprint readers for instant issuance of customer debit cards across its branch network.

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Finra (the Financial Industry Regulatory Authority) has become the latest organisation to give its two cents on distributed ledger technology, publishing a paper on blockchain's implications for the securities industry.

Royal Bank of Canada has hired one of the pioneers in artificial intelligence as an advisor to a new research lab dedicated to machine learning.

EBA Clearing begins testing instant payments system
Payments

EBA Clearing begins testing instant payments system

18 January 2017  | 0 comments | 4 tweets | 14 linkedin

EBA Clearing has begun the testing phase for its pan-European instant payment infrastructure platform ahead of a slated November launch.

US SROs pick Thesys to build massive audit trail
Trade execution

US SROs pick Thesys to build massive audit trail

18 January 2017  | 0 comments | 2 tweets | 4 linkedin

Thesys Technologies has won the bidding to build a vast Consolidated Audit Trail (CAT) tracking transactions as they pass through US equity and options markets.

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