FinTech company Bank of London is reportedly being investigated by the Bank of England’s Prudential Regulation Authority (PRA) for unspecified “historic” events and for inaccurate record-keeping, lax regulatory reporting and governance failures. The company...
Until fairly recently, consumers’ financial data has primarily been something to be hoarded and siloed. Rather than closing off this data, a new generation of solutions...
The Bank of London has offered to purchase the British operations of the collapsed Silicon Valley Bank. The clearing bank said Sunday (March 12) it...
Bringing enterprise IT departments to the modern age to combat legacy systems from dragging an enterprise is vital to an organization’s survival. While other departments...
Five years after open banking became a regulatory requirement, the U.K. now claims 7 million active users. That figure, representing less than 20% of the...
Digital platforms and eCommerce marketplaces that operate worldwide face a host of challenges: managing payments to vendors, suppliers and freelancers; avoiding noncompliance worldwide; and dealing...
Nearly every day, it seems, some new scheme arises that’s aiming to replace or disrupt the existing global financial services system. Online payment platforms like...
Real-time payments provide value because knowing exactly when a payment will be received cannot be overstated. This is especially true for those with tight cash...
If FTX’s collapse has taught us anything, it’s that stability is still highly relevant. As Shaunt Sarkissian, group chief markets officer at The Bank of...