Banking
UK regulators issue joint proposals to tackle risk of financial instability posed by CTP dependency
UK regulators (Bank of England, PRA, FCA) collaborate on proposals
Legislative proposals target potential financial instability from relationships with critical third parties (CTPs)
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Banking
French business banking firm Qonto taps Fourthline for onboarding tech
Qonto, a French business banking fintech, partners with Fourthline's onboarding technology.
Fourthline, a Dutch compliance regtech founded in 2017, facilitates automatic KYC and...
Banking
Italian competition authority interrupts migration of 2.4m Intesa Sanpaolo accounts to Isybank
Interruption by AGCM: The Italian competition authority (AGCM) halts Intesa Sanpaolo's plan to migrate 2.4 million customer accounts to Isybank.
Express Approval Required:...
Banking
Contis hit with €840,000 fine by Bank of Lithuania
Contis, part of German BaaS fintech Solaris, fined €840,000 by the Bank of Lithuania.
Delegated anti-money laundering (AML) measures to distributors without proper...
Banking
Binance CEO exits after pleading guilty to money laundering charges
Binance Guilty Plea:Binance Holdings, operating Binance.com, pleads guilty to US federal charges: anti-money laundering (AML), unlicensed money transmitting, and sanctions violations.
Founder...
Banking
Blue Ridge Bank set to trim BaaS fintech partnerships down to a “limited number”
Blue Ridge Bank, founded in 1893 in Virginia, is a community bank operating in the mid-Atlantic states.
The bank plans to reduce its...
Banking
FCA places embattled Metro Bank on financial crime watchlist as rescue deal continues
Metro Bank's Situation: The bank is on the Financial Conduct Authority's (FCA) financial crime watchlist, confirmed on June 6.
Reasons for Listing: The FCA's action...
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