EU regulatory bodies are failing to address competition issues in their public policy towards fintech developments in financial services, according to a report prepared for the European Parliament.
The New York State department of Financial Services says that online lenders should be subject to the same consumer protection laws, usury limits and licensing and supervision rules as traditional financial institutions.
Capital markets software house Cinnober is teaming up with virtual currency processor and security specialist BitGo to hawk their technology to cryptocurrency exchanges.
How can we ensure that Big Data does not make us the prisoners of technology? That's the question posed by Charles Randall, chair of the Financial Conduct Authority and Payment System Regulator at a Reuters Newsmaker event in London.
Payments processor Square has temporarily suspended its application to the Federal Deposit Insurance Corporation (FDIC) for a special purpose banking licence.
Mastercard is forecasting a bright future for biometric technology, as new rules on strong customer authentication under PSD2 come into force across Europe.
UK regulators have given British financial firms a three-month deadline to demonstrate their operational resilience in the event of a cyber attack or IT breakdown.
Financial crime threat detection outfit ThetaRay has completed a Series B fund-raising round of over $30 million.
As they seek to steer a course through the new fintech environment, financial services firms must beware the risks to their business models of both being too passive and too gung-ho in their embrace of new technologies, says a European Banking Authority report.
The Financial Conduct Authority's regulatory sandbox continues to gather momentum, with 29 firms - including some working with crypto-assets - getting the go-ahead to join the initiative's fourth cohort.
© Finextra Research 2018