Tag: Regulation
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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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...
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:...
SoFi set to end crypto services, taps Blockchain.com as “strategic crypto partner”
SoFi Ends Crypto Services:
SoFi announces the termination of its crypto services on 19 December.
Users can either close their crypto accounts or...
UK financial services firms cautious but keen to adopt GenAI, new survey says
GenAI Adoption in UK Financial Services:
70% of UK Finance members are currently piloting generative AI (GenAI) use cases.
Primarily focused on co-pilot...
European Central Bank highlights continued sector-wide risk in latest Financial Stability Review
Real Estate Struggles:
Geopolitical tensions, lacklustre growth, and inflation impact European financial markets.
Residential and commercial real estate markets in the euro area...