Tag: Regtech
FCA Sues Crypto Exchange HTX Over Illegal Promotions
Regulatory action targets HTX for unauthorized promotional activities.Highlights: FCA files lawsuit against HTX for illegal promotions.HTX accused of breaching financial promotion rules.The action reflects...
Fintech Founder Charged with Fraud, Tightening Industry Scrutiny
A notable fintech founder faces legal charges amid growing regulatory concerns.Highlights: A fintech founder is charged with fraud allegations.The charges raise concerns over industry...
PRA and FCA Launch First Scale-Up Unit Cohort for Fintechs
Initiative aims to support high-growth fintech firms in the UK.Highlights: PRA and FCA introduce first cohort of their scale-up unit.The initiative provides tailored regulatory...
Banks Reduce Reliance on OpenAI Amid Regulatory Concerns
Financial institutions shift focus as AI scrutiny increases.Highlights: Banks are decreasing dependency on OpenAI as regulations tighten.Regulatory scrutiny over AI technology is impacting financial...
Revolut Pursues Own License Instead of US Acquisition Plan
The fintech giant shifts strategy to focus on regulatory compliance in the US market.Highlights: Revolut abandons its plans to acquire a US financial company.The...
Trump Sues JPMorgan for $5 Billion Over Political Debanking Claims
Former President alleges unfair treatment by major banking institution.Highlights: Donald Trump sues JPMorgan for $5 billion over political debanking.Claims the bank treated him unfairly...