Desjardins spends CAD 70m related to data breach – FinTech Futures
Canadian lender, Desjardins Group, has spent CAD 70 million ($53 million) in the second quarter related to a data privacy breach earlier this year that...
Category : Financial Crime & Fraud
ECB discovers data breach in bank newsletter – FinTech Futures
The European Central Bank (ECB) has experienced a data breach from a group of hackers, according to a statement by the bank on Thursday. The...
Top fintech stories this week – 16 August 2019 – FinTech Futures
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place! ECB discovers data breach in bank newsletter From...
SVS Securities enters administration – FinTech Futures
SVS Securities has entered administration following an application by the directors, reports Jane Connolly. Julien Irving, Andrew Poxon and Alex Cadwallader, all of Leonard Curtis,...
Nasdaq uses AI to root out stock-market abuse – FinTech Futures
Nasdaq is testing an artificial-intelligence surveillance system this summer to monitor its US stock market for new instances of exchange manipulation, Ruby Hinchliffe reports. The...
Indonesia shuts down 826 illegal fintechs in 2019 – FinTech Futures
OJK shuts down 826 illegal start-ups. Indonesian regulators have closed down 826 illegal start-ups this year alone as it attempts to crackdown on unlicensed fintechs,...
Ipagoo enters administration – FinTech Futures
E-money provider, Ipagoo, has entered administration, as reported by the Financial Conduct Authority (FCA). It will no longer be able to undertake any regulated activities....
CFTC charges trader with spoofing in financial futures markets – FinTech Futures
The US Commodity Futures Trading Commission (CFTC) issued an order filing and settling charges against Benjamin Cox, a trader and CFTC-registered floor broker based in...
New Zealand regulator suspends AxiCorp’s derivatives licence – FinTech Futures
New Zealand’s Financial Markets Authority (FMA) has suspended the derivatives issuer licence of AxiCorp Financial Services (trading as AxiTrader) for material breaches of the Financial...
Omni chooses TruNarrative to combat financial crime – FinTech Futures
Omni Capital Retail Finance has chosen TruNarrative to provide real-time financial crime detection and prevention technology, reports Jane Connolly. The point-of-sale (POS) consumer credit company...
Borgun adopts TruNarrative MLM platform – FinTech Futures
Icelandic acquiring bank, Borgun hf, looks to cut client onboarding time and bolster its financial crime strategy with a new platform from TruNarrative, reports Jane...
Equifax to pay up to $700m to settle data breach – FinTech Futures
Credit score agency, Equifax, has agreed to pay up to $700 million as part of a settlement with a US regulator following a data breach...
Lloyds fights fraud with Callsign – FinTech Futures
This partnership will see the bank rolling out Callsign’s platform to all customers across its core brands. The utilisation of the platform is expected to...
Banking Technology July/August 2019 issue out now – FinTech Futures
Banking Technology July/August 2019 Drawing the curtains on a bright tomorrow. The latest edition of our flagship magazine – Banking Technology – is out now,...
An after after-dark round-up – FinTech Futures
For those that may not know, the UK-based challenger firm, 11: FS, occasionally hosts a live podcast titled ‘After Dark’. This time it was hosted...