The European Central Bank says that, because they pose unique risks, it may start asking fintech firms seeking banking licenses to hold bigger capital buffers and larger liquidity.
Finextra is partnering with leading banks and vendors to run a series of roundtable events covering corporate banking, trade and supply chain finance and winning strategies for fintech collaboration at the annual Sibos conference in Toronto in October.
Wall Street's top regulator says that a 2016 breach at its corporate disclosure database may have enabled hackers to profit from trading on inside information.
The European Commission is proposing to reform financial supervision across the EU with a renewed focus on new technology developments and the promotion of the emerging fintech sector.
Some of Canada's most promising fintech startups will have the opportunity to mingle with the great and the good of the banking world at the annual Sibos jamboree in Toronto next month.
Boutique Dutch fund management house Finles Capital is looking to raise EUR100 million through an Initial Coin Offering for its next private equity fund, which will invest in blockchain startups as well as in more stable equity assets.
Regulatory impediments and the current fragmentation of protocols from a multiplicty of providers of distributed ledger technology will prove to be a major challenge for banks to overcome before the technology can go mainstream in financial markets, says a senior Deutsche Börse executive.
Square, the fintech startup headed by Twitter founder Jack Dorsey, has made an official application in the US for a banking license, ending months of speculation about its plans but also reigniting the argument about the use of industrial loans charters (ILCs).
Chip processor Intel has taken a significant step towards overturning a €1bn fine imposed by the European Commission (EC) after it won the right to a review.
Distributed ledger technology is not mature enough for large-scale applications like real-time gross settlement (RTGS) systems, the Bank of Japan and European Central Bank have concluded.
© Finextra Research 2017