Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

TD Bank fined $3bn after money laundering guilty plea

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.

10 October 2024

News/crypto

FTX gets green light to repay billions to customers

Customers of failed crypto exchange FTX will receive up to $16.5 billion under a bankruptcy plan approved by a US judge.

08 October 2024

News/startups

EIB announces plan to boost funding for European fintechs

The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.

08 October 2024

News/security

Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

08 October 2024

Company update/regulation

GLEIF approves E-Arbitrator as validation agent

The Global Legal Entity Identifier Foundation (GLEIF) today announces that E-Arbitrator (Website) has been approved as the latest Validation Agent within the Global Legal Entity Identifier (LEI) System.

08 October 2024

News/crime

Big tech and banks fall out over compensation for fraud victims

A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.

07 October 2024

Company update/crypto

Binance secures registration in Argentina

Binance, the world's leading provider of blockchain and cryptocurrency infrastructure, announces that it has been incorporated into the Argentinian Virtual Asset Service Provider (VASP) Registry of the National Securities Commission (CNV), marking Binance’s 20th global regulatory milestone.

03 October 2024

News/security

MoneyGram 'shocked' by UK Post Office move to end relationship

US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.

02 October 2024

News/crypto

Man pleads guilty to illegally operating crypto ATM network

In a UK first, a man has pleaded guilty to illegally operating a network of crypto ATMs without FCA registration.

30 September 2024

News/regulation

FCA and BoE open digital securities sandbox

The UK's two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).

30 September 2024

News/security

Ireland to grant National Cyber Security Centre emergency powers

Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".

30 September 2024

News/ai

Bank of England to form AI consortium

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

26 September 2024

News/ai

Firms struggling to find RoI for AI projects

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.

26 September 2024

News/people

Caroline Ellison gets two-year prison sentence for part in FTX fraud

Caroline Ellison, the former girlfriend of FTX co-founder Sam Bankman-Fried, has been sentenced to two years in prison for her part in the crypto exchange's collapse.

25 September 2024

News/payments

US Justice Department sues Visa over debit card market monopoly

The US Justice Department has sued Visa, accusing the payments giant of illegally monopolising debit network markets.

24 September 2024

News/payments

Lithuanian fintech kevin declared insolvent

Payments startup kevin has been declared insolvent by a Lithuanian court

23 September 2024

News/crypto

UK Government moves to clarify crypto's legal status

The UK's new Labour government is introducing a bill that will ensure that Bitcoin and other digital assets can be considered personal property, boosting legal protection for owners.

12 September 2024

News/payments

Mastercard and Visa to face multi-billion pound lawsuit over interchange fees on UK businesses

The UK's Competition Appeals Tribunal has given the go-ahead for a $4 billion class action lawsuit brought by UK businesses over Mastercard and Visa multilateral interchange fees.

04 September 2024

News/crypto

Australian regulator secures court win over Kraken's local operator

An Australian court has ruled in favour of the country's securities regulator against the local operator of the Kraken crypto exchange over design and distribution obligations when offering a margin trading product.

23 August 2024

News/crypto

Judge orders Ripple to pay $125m penalty

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.

13 August 2024