April 15, 2024
Bank of England Seeks Input on Retail, Wholesale Payments Technology
The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on establishing regulatory regimes for the...
April 12, 2024
Partnerships Dominate FinTech IPO Index News Ahead of Earnings
On Friday (April 12), big banks will weigh in with their latest quarterly results, kicking off earnings season in an official manner. JPMorgan, Wells Fargo and Citi will give insight into the trends tied...
April 11, 2024
Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks. The Securities and Exchange Commission (SEC), the Office of the...
April 11, 2024
Small Businesses, Air Transport Innovations Dominate This Week in B2B
There’s no business like a B2B business. And successful business-to-business (B2B) strategies — and the companies deploying them — are characterized by agility, innovation, and a focus on delivering value...
April 11, 2024
Investigation Into Morgan Stanley’s Wealth Arm Underscores Scrutiny of AML...
Anti-money laundering (AML) defenses might begin at the point of onboarding. The needs are for all manner of firms — and especially banks and investment management companies — to embrace...
April 10, 2024
Proposed California Law Could Cap CU Overdraft Fees
California state lawmakers are considering legislation that would limit the number of overdraft fees credit unions (CUs) can charge their members. Under SB-1075, the 100+ CUs now doing business in the...
April 10, 2024
This Week in Web3: Usability, Utility and Oversight
The next iteration of the internet, Web3, has been around for a while now. Meta’s Reality Labs division — the arm of the tech giant that focuses on metaverse, mixed...
April 10, 2024
Treasury: ‘Malign Actors’ Use Crypto to Get Around Regulators
Cryptocurrency is increasingly becoming a safe haven for “malign actors” such as terror groups. That’s according to testimony Tuesday (April 9) by U.S. Treasury Deputy Secretary Wally Adeyemo, who spoke...
April 09, 2024
Capturing the $250 Trillion Cross-Border Payments Opportunity
With every innovation, the world gets a little bit smaller and interconnected. And with the news Monday (April 8) that Kyriba and Onyx, a J.P. Morgan business unit, are collaborating to better streamline cross-border payments, global...