First Islamic Bank Goes Live on UAE KYC Blockchain Platform
Abu Dhabi Islamic Bank (ADIB) has gone live on the UAE national blockchain ecosystem for the exchange of verified KYC data
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UK FinTechs Seek Government Support After SVB Collapse
In the UK, local startups that operate in the field of fintech express concern that the country is losing its position in the global financial system.
Yellen Warns Banks Could Pull Back on Lending
The US Treasury Secretary reported on the high probability of a change in the approach of local financial institutions to lending in the direction of tightening.
JPMorgan Asks for Permission to Question Frank Founder About Transfers
JPMorgan Chase wants to interrogate Frank founder Charlie Javis as part of the proceedings on the transfers of millions of dollars.
FTX Lawyers Recover Billions and Bill Millions Investigating Exchange Reboot
FTX lawyers are exploring the possibility of restarting this cryptocurrency exchange.
FTC Sues Chargebacks911 and Alleges Use of Unfair Techniques
Chargebacks911, a company that specializes in helping consumers mitigate the effects of chargebacks, was sued by the Federal Trade Commission (FTC) and Florida.
IMF Lowers Forecast for Global Economic Growth After Banking Crises
The consequences of the coronavirus pandemic, which have not yet been fully overcome by the financial and industrial sectors, and the pressure factor in the form of banking crises have a negative impact on the prospects for economic growth.
UK Payments Startup Ryft Wins FCA Licence
Ryft, a UK-based startup that aims to replicate the success of Stripe, has announced that it has received an FCA license.
South Korea Fines Google $32 Million
The South Korean Fair Trade Commission (KFTC) fined Alphabet’s Google 42.1 billion won ($32 million).
First Citizens Community Bank Parent Gains Regulatory Approvals for Acquisition
The acquisition of HV Bancorp, previously announced by Citizens Financial Services, has received regulatory approval.
Israel Joins Online Banking and Provides Access to International Payment Providers
Back in June 2022, Israel began the process of open banking reform in an attempt to bring its outdated regulatory framework into line with the needs of the nation’s booming fintech sector. The road map for the reforms is set to conclude by November 2023 and although this could represent a real boon for both […]
Treasury Department Urges DeFi to Improve AML/CFT Controls
Both providers of DeFi services and the United States government are supposed to reduce AML/CFT vulnerabilities in decentralized finance (DeFi), enabling criminals to transfer and launder illicit proceeds
Google Bans Loan Apps Access to User Contacts
Android apps offering personal loan services will not be able to access users’ sensitive data, such as photos and contacts, with the new restrictions imposed by Google
Robinhood Reaches $10.2 Million Settlement on March 2020 Platform Outage
The American financial company Robinhood has reached an agreement with state securities regulators regarding the settlement of a situation related to operational and technical failures.
French Lawmakers Propose Banning Crypto Promotions by Influencers
French legislators have introduced a proposal to prohibit influencers from promoting crypto and other risky financial products. Significant fines and even prison sentences are considered as punishment
BoE Plans to Change SMB Lending
Bank of England has revealed its plans to change the capital treatment for small business (SMB) lending, calling for a more risk-based approach
