The UK's Payment Systems regulator has set up a steering group composed of representatives from banks and consumer groups to develop an industry code for reimbursing victims of authorised push payment (APP) scams.
The European Fintech Alliance has fired another broadside in its tussle with the financial services establishment over PSD2, raising fears that banks will develop substandard APIs as a way to fend off competition.
Despite growing cooperation between financial institutions and fintech startups, collaboration remains challenging and time consuming, according to a survey of players from both sides.
Deutsche Börses's Collateralised Coin Project for shifting collateral among banks using tokenised digital coins has been given the go-ahead for a full-scale pilot by Eurex Clearing.
Commonwealth Bank of Australia and ING have carried out a RegTech pilot which saw them use AI to simplify the processing of regulatory information.
The UK's influential Treasury Select Committee is to launch an inquiry into digital currencies and distributed ledger technology, scrutinising the regulatory response to the cryptocurrency boom from the Government, the Financial Conduct Authority, and the Bank of England.
The boards of Temenos and Fidessa have reached an agreement on the terms of an all-cash takeover of the UK-based trading technology supplier in a transformational deal for the Swiss core banking vendor.
Australian digital banking startup Xinja has taken an important step in its efforts to create a full-service mobile alternative to the big four by securing regulatory approval to start offering home loans.
The UK's Financial Conduct Authority has launched a call for input on the use of technology to achieve smarter regulatory reporting
Financial blockchain coalition R3 has assembled a group of ten legal firms in an effort to educate lawyers on the contractual intricacies surrounding the live deployment of distributed ledger technologies.
© Finextra Research 2018