Latest Regulation & Compliance News: Finextra Research

Citi invests in financial crime risk management vendor Quantifind

Quantifind, a provider of AI-powered financial crimes risk management technology, has raised $23 million in a funding round joined by Citi Ventures.

01 March 2023

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Coinbase suspends Binance stablecoin

Coinbase is delisting the Binance USD (BUSD) stablecoin, saying that the rival exchange's offering does not meet internal listing standards.

28 February 2023

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Climate tech startup Pelt8 raises funds

Pelt8, a Swiss climate tech startup helping businesses manage their sustainability-reporting needs, has raised CHF0.5 million in pre-seed financing.

28 February 2023

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US hits more Russian banks with sanctions

On the one year anniversary of Russia's invasion of Ukraine, the US has outlined a new round of sanctions on Russian individuals and firms, including banks. Separately, financial crime watchdog Financial Action Task Force (FATF) has suspended Russia.

24 February 2023

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Kalifa Review, two years on: What progress has been made?

Ron Kalifa OBE’s fintech review, released in 2021, outlined a comprehensive plan to bolster the UK sector’s dominance across the globe at an inflection point between opportunity and risk for the industry in 2021.

24 February 2023

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Tony Blair and William Hague call for digital identity cards

Former British political party leaders Sir Tony Blair and Lord William Hague have heralded digital identity cards as part of the "technological revolution."

24 February 2023

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JPMorgan restricts staff use of ChatGPT

JPMorgan Chase is restricting employee use of the ChatGPT AI-powered chatbot.

23 February 2023

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Crypto trade group criticises SEC insider trading case

A US-based trade association representing crypto firms has called for the dismissal of an insider trading case brought by the Securities and Exchanges Commission (SEC) arguing that the regulator has unfairly labelled crypto assets as securities.

23 February 2023

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BIS chief floats unified programmable ledger to turbocharge payments innovation

A unified programmable ledger could unleash an explosion of innovation in payments and money comparable to the arrival of the smartphone, according to Bank for International Settlements general manager Agustín Carstens.

23 February 2023

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ECB to monitor digital transformation efforts at banks

The European Central Bank is to undertake targeted reviews and on-site inspections at banks after uncovering a number of shortcomings in digital transformation strategies.

22 February 2023

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FCA demands "significant shift in culture" by e-money firms

The Financial Conduct Authority has warned e-money firms operating in the UK that they will need to undertake a "significant shift in culture and behaviour" if they are to comply with new Consumer Duty rules.

22 February 2023

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EToro scores New York BitLicense

Social investing platform eToro has secured money transmitter and virtual currency licenses from the New York State Department of Financial Services.

22 February 2023

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