Tag: Compliance
LGT in Liechtenstein taps Finastra for instant payments
Partnership Announcement:Entities Involved: LGT (private banking and asset management group) and Finastra (provider of financial technology solutions).
Objective: Launch instant payment services....
US CFPB sues SoLo Funds for allegedly “deceiving borrowers about the total cost of loans”
Overview:Entity Involved: US Consumer Financial Protection Bureau (CFPB).
Target: SoLo Funds, a peer-to-peer (P2P) lending platform.
Allegation: Deceiving borrowers about the total cost...
AI-powered regtech Cube acquires global regulatory intelligence enterprises from Thomson Reuters
Acquisition Announcement:Cube, a UK-based regtech firm, has acquired the Regulatory Intelligence and Oden products and businesses of Thomson Reuters.
Terms of the...
CFPB fines Chime $3.25m for customer refund delays
Chime Fined by CFPB:US fintech Chime has been fined $3.25 million by the Consumer Financial Protection Bureau (CFPB) for delays in issuing...
Ireland’s Corlytics snaps up Deloitte UK regtech platform
Acquisition by Corlytics: Corlytics, an Irish regulatory intelligence and policy compliance technology firm, has acquired an undisclosed digital regtech platform from Deloitte UK.
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FINRA fines SoFi $1.1m after consumer identification flaws led to multi-million dollar heist
Fine Imposed on SoFi by FINRA: SoFi, an online lending platform, has been fined $1.1 million by the Financial Industry Regulatory Authority (FINRA)...