19 August 2017
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Latest start ups news

UBS dangles $200,000 carrot to woo startups to fintech challenge

UBS dangles $200,000 carrot to woo startups to fintech challenge

16 June 2017  |  8268 views  |  0 comments | 12 tweets | 5 linkedin

UBS is promising funding of up to $200,000 to run proof-of-concept or pilot trials for outstanding startups emerging from its second global Future of Finance competition.

Monese moves closer to full-service banking

Monese moves closer to full-service banking

16 June 2017  |  6626 views  |  0 comments | 4 tweets | 8 linkedin

The transformation of mobile account provider Monese into a full-service bank has moved a step closer with the introduction of direct debits and Faster Payments.

FCA says regulatory sandbox growing in popularity as second cohort is unveiled

FCA says regulatory sandbox growing in popularity as second cohort is unveiled

15 June 2017  |  11679 views  |  0 comments | 9 tweets | 6 linkedin

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.

EU rules on software investment attacked by bank lobby group

EU rules on software investment attacked by bank lobby group

15 June 2017  |  6003 views  |  1 comments | 6 tweets | 4 linkedin

The European Banking Federation has called on EU policymakers to rethink their prudential requirements for software investments by banks, describing the current treatment as a "significant disincentive for investments in innovation".

Finra to set up fintech industry committee

Finra to set up fintech industry committee

14 June 2017  |  7881 views  |  0 comments | 7 tweets | 7 linkedin

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.

Online lender SoFi applies for bank charter

Online lender SoFi applies for bank charter

14 June 2017  |  3858 views  |  0 comments | 2 tweets | 4 linkedin

US online lender SoFi has applied for a bank charter with the Federal Deposit Insurance Corporation.

Central Bank of Bahrain debuts regulatory sandbox

Central Bank of Bahrain debuts regulatory sandbox

14 June 2017  |  6558 views  |  0 comments | 7 tweets | 10 linkedin

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.

Berlin Group to publish single API standard for PSD2

Berlin Group to publish single API standard for PSD2

13 June 2017  |  14315 views  |  0 comments | 29 tweets | 62 linkedin

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.

Monzo may have to freeze some accounts under new money laundering rules

Monzo may have to freeze some accounts under new money laundering rules

13 June 2017  |  11484 views  |  7 comments | 9 tweets | 10 linkedin

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.

Only banks that become 'digital houses' will survive forthcoming disruption - BBVA chief

Only banks that become 'digital houses' will survive forthcoming disruption - BBVA chief

08 June 2017  |  14586 views  |  0 comments | 34 tweets | 51 linkedin

BBVA chairman Francisco González says that banks need to shed their past and image as 'incumbents' and transform into new digital technology companies if they are to prosper in a banking environment dominated by technologically astute competitors.

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