110 articles tagged with this keyword
News/security
Cyber incidents reported to the UK's Financial Conduct Authority in 2021 are up by over 50%, with a fifth involving ransom software.
29 March 2022
News/retail
The UK's technology ecosystem is now worth $1 trillion, with fintech dominating the list of most valuable firms.
Hacking collective Anonymous claims to have released 28 gigabits of documents pilfered from the Central Bank of Ruissia.
28 March 2022
News/crypto
The Bank of England has teamed up with the Massachusetts Institute of Technology on a twelve-month research project on central bank digital currencies.
Chase's digital bank has made an aggressive statment of intent in its bid to crack the UK retail banking market with the launch of an easy access savings account offering a market-beating 1.5% interest rate.
News/regulation
The Financial Conduct Authority (FCA), Bank of England, and Prudential Regulation Authority (PRA) have released a raft of documents warning financial institutions of their responsibilities around cryptoassets and the direction of regulation in the space.
25 March 2022
The Competition and Markets Authority (CMA) has announced a new committee – the Joint Regulatory Oversight Committee (JROC) – to oversee the continued rollout of Open Banking in the UK, among other recommendations.
The UK's Financial Authority says that any cryptocurrency ATMs operating in the UK are doing so illegally and that they must be shut down.
11 March 2022
News/cloud
NatWest Group is working with Amazon Web Services to bring together data from across its business in order to better anticipate the needs of customers.
London-based consumer finance platform Lendable has bagged £210 million in a funding round led by the Ontario Teachers' Pension Plan Board.
10 March 2022
News/startups
Lloyds Bank has invested £5 million for a 20% stake in invoice financing startup Satago and will roll out the platform for its Single Invoice Finance and whole of book Invoice Factoring customers.
09 March 2022
The UK Government has confirmed that a new legal duty will be added to the Online Safety Bill requiring the largest and most popular social media platforms and search engines to prevent paid-for fraudulent adverts appearing on their services.
Victims are losing more to bank transfer scams every hour than the average UK worker earns a year, Which? research reveals, as the consumer champion calls on the government to urgently act on its commitment to legislate for mandatory reimbursement of victims.
News/identity
Tesco Bank is using biometric authentication technology from Onfido to speed up onboarding for its Clubcard Pay+ account, through which users can ring-fence their grocery spend from any existing bank account.
08 March 2022
UK cross-border e-payments firm PPRO has boosted its presence in Asia Pacific through the acquisition of Alpha Fintech. Financial terms of the deal were not disclosed.
News/devops
Finextra has today announced a partnership with financial services software provider, Finastra, for its annual event, Hack to the Future.
The Financial Conduct Authority has again raised concerns about Binance after the crypto group completed a deal that effectively gives it control of a UK regulated company.
07 March 2022
News/payments
Following recent live tests, NatWest is to begin pilot testing of variable recurring payments with its open banking payments product Payit in the first half of 2022, with plans to scale to a commercial product ready by early 2023
With the UK finally set to officially enforce Strong Customer Authentication (SCA) rules, vendor Forter is warning merchants that issuing banks are already issuing soft declines on transactions which have not been sent to 3DS and are not flagged as either exempt or out of scope.
04 March 2022
The Financial Conduct Authority opened over 300 cases related to crypto firms in a six-month period last year and has 50 live investigations, including criminal probes, into companies in the sector.
03 March 2022
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