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Latest Results from /regulation

/regulation

EBAday 2024: Fintech Zone finalists revealed!

For the sixth year running, EBAday will host a dedicated Fintech Zone, where 16 early stage and growth startups will compete for the chance to be crowned the 2024 winner.

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Rabobank joins funding round in Hawk

German RegTech Hawk has extended its Series B funding round with an additional investment from Dutch bank Rabobank.

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UK Payments Association calls on new PSR chief to delay APP fraud rules

The UK payments industry has called on the new interim Payment Systems Regulator (PSR) chief to postpone the implementation of new APP fraud rules by a year, warning that failure to do so could lead to "permanent damage" to the sector.

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HSBC and BNY Mellon early adopters for Quantexa GenAI suite

HSBC and BNY Mellon are among the early adopter programme participants for Quantexa's Q Assist context aware generative AI technology suite.

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56% of US companies offer faster payments; 35% planning to do so

According to a new US Faster Payments Council (FPC) report, more work is needed to ensure most faster payments products are financially inclusive.

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US Treasury seeks feedback on use of AI in financial services

The US Department of the Treasury is seeking public comment on the risks and opportunities posed by the use of AI in financial services.

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Australia introduces BNPL rules

Australia's government is prepping legislation that would require buy now, pay later providers to carry out basic credit checks on new customers.

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CFPB says startups and consumers must have say in open banking standard setting

The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from "squelching" startups.

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Payment identity network iPiD secures $5.3 million funding round

Founded by a team of former Swift executives, iPiD (International Payment Identity) has raised $5.3 million to roll out a Confirmation of Payee product across Europe.

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Equals Money and Zūm Rails make BaaS plays

Equals Money, a payments provider for company expenses, has launched a Banking-as-a-Service product to helping businesses offer their own digital payment and card services.

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Coinbase donates $25m to crypto super PAC

Coinbase has become the second firm in a week to donate $25 million into Fairshake, a federal super political action committee (PAC) backing pro-crypto candidates during the 2024 US elections.

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Stripe blames regulatory landscape for move to invite-only in India

Payments giant Strip is moving to an invite-only model for new clients in India as it builds up the infrastructure to deal with an evolving regulatory landscape.