FinTech and FI collaborative efforts are getting a leg up and support from regulatory bodies. In Singapore, the goal is a balanced regulatory environment. In Europe, banks in Lithuania and Ukraine have joined efforts across borders to promote FinTech development. I
The district council in Washington D.C. will vote this week on legislation that will decide if short-term rental travel accommodations companies such as Airbnb and HomeAway can do business in the nation’s capital. According to Reuters, the regulation would prohibit people from offering short-term rentals...
Britain’s financial regulator has sent a warning to payday lenders after rising complaints following the collapse of Wonga. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured transaction data tied to 2017 and focused on licensed money transmission and payments. Get the Full Story Complete the form...
Australia and New Zealand Banking Group announced Friday (October 12) that it fired more than 200 employees for engaging in misconduct, reported Reuters, citing ANZ Chief Executive Shayne Elliott. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
One Washington Representative said that the Trump administration plans to take on cannabis regulation reform after the midterm elections. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). According to Reuters, the new rules — which take effect on Jan. 1 — order institutions to set up internal control mechanisms for preventing money...
Newsweek’s former parent company has been charged with defrauding lenders out of millions of dollars in order to help the media organization stay in business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A U.S. Treasury-led interagency committee is now requiring foreign investors involved in deals that could give them access to critical technology to submit to national security reviews. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
