News, analysis & resources
US Senator questions big banks on CFPB arbitration
Too much debt

As expected, US Senator Elizabeth Warren (D-Massachusetts) is not going to let the Consumer Financial Protection Bureau’s (CFPB) final rule on arbitration agreements go down without a fight.

Singtel rolls out first virtual Visa card in Singapore with Wirecard
Singapore-listed stocks can now be traded in London

The most popular digital wallet in Singapore has rolled out the first virtual Visa card in the country thanks to a partnership between technology group Wirecard and Singtel.

Urban FT throws Digiliti Money a life raft

Digiliti Money may be able to breathe a much-needed sigh of relief after a tumultuous few weeks, including declining revenues, appointing an interim CEO and the delay of its Q2 earnings report.

Blockchain and Bitcoin round-up: 16 August 2017

Blockchain and Bitcoin are flying high – literally in one case – as we now have satellites in space. Our latest round-up features Bitcoin Cash, Blockstream, Falcon Private Bank and Bitcoin Suisse.

Banking Technology Magazine
Banking Technology July/August 2017 issue out now
Banking Technology July/August 2017

Set sail for fintech! The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Industry Comment
Is this the end of fintech as we know it?
Armands Broks, Twino

In the age of the internet, fintech dominates finance. In the UK, the sector is currently worth £7 billion, employing around 60,000 people with figures set to increase. The industry is definitely awe-inspiring, but as the lines between traditional banking services and fintech blur, fintech could disappear entirely.

Time to act: EU Funds Transfer Regulation 2015
Christian Westerhaus, Deutsche Bank

The EU Funds Transfer Regulation 2015 (FTR 2015), which has been in effect since 26 June 2017, aims to deliver full traceability of payments. A lack of regulatory clarity is, however, leading to significant implementation hurdles that require urgent action from all stakeholders.

Getting to experience thinking

“We’ve got a great idea we think you’re going to love.” Despite its manifest flaws, this is the approach that has long dominated the development of new products and services. While introducing products that people love is an exemplary goal, real omniscience has proven to be distressingly rare.

New in regtech: digital ID verification

It’s no secret that increased regulations are a significant pain point for commercial and community banks. According to Thomson Reuters Global Cost of Compliance 2016 Survey, more than one-third of participating financial institutions reported spending at least an entire day each week keeping track of regulatory changes.

Digital currency: the future or the biggest flop?

From Bitcoins to even newer (and lesser known, but rising) forms of currency, will this level the playing field for people in the future, or is this all just a sham that will die down? As things get digitised, what do we need to know about digital currencies, and does this mark the demise of traditional forms of currencies?

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