The Financial Conduct Authority has selected 31 firms for its second cohort of regulatory sandbox participants, narrowing down the field from an initial list of 77 submissions.
US regulatory body Finra has established an Innovation Outreach initiative to co-ordinate its ongoing research into fintech trends, beginning with a blockchain symposium in New York.
The Central Bank of Bahrain has opened a regulatory sandbox for fintech firms worldwide to test their technology ahead of live deployment in the Kingdom.
Welcome to Finextra's live coverage of the Swift Business Forum in New York. This event will focus on the key issues affecting the financial industry, including banking, payments, and securities. Cyber security will also be a hot topic, in light of the announcement of Swift's Customer Security Programme.
The Berlin Group, a-European payments interoperability coalition of banks and payment processors, is pushing a single standard for API access to bank accounts to comply with new regulations on freeing up customer data under PSD2.
Digital challenger bank Monzo is warning 20,000 customers that it may have to temporarily freeze their accounts if they fail to provide additional verification information under new money laundering regulations.
Nasdaq has joined a €7M series A funding round in a French startup, Stratumn, which utilises distributed ledger technology and advanced cryptography to streamline and secure the exchange of regulatory reporting data.
The Brexit cloud may loom large but, for now, the UK remains at the centre of Europe's financial technology scene, home to nearly two thirds of the firms that make it into this year's FinTech50.
Digital only Atom Bank has put plans to open a current account on ice as it faces up to a slew of new regulations set to land over the course of the next year.
A new Finextra paper to be released at EBAday 2017 will gauge banks’ progress with PSD2 compliance and their thinking about the opportunities - and challenges - of the imminent regulatory change.
© Finextra Research 2017