March 06, 2024
Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities

Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm.  The firm told Reuters this after being asked...

March 06, 2024
India to Banks: No More Exclusive Credit Card Agreements

India wants its banks to stop forging exclusive arrangements with credit card networks. The Reserve Bank of India (RBI) — the country’s central bank and bank regulator — announced the move on...

March 05, 2024
Sandbox-as-a-Service Poised to Remove Friction From Bank-Vendor Partnerships

Few financial institutions (FIs) are choosing to develop technology in-house, indicating a growing reliance on third-party FinTechs to meet their needs. However, sifting through the multitude of options to find...

March 04, 2024
Synchrony Finalizes $2.2 Billion Ally Lending Acquisition

Synchrony has completed its purchase of Ally Lending, Ally Financial’s point-of-sale (POS) financing business. The deal, first announced in January, includes $2.2 billion of loan receivables and a loan portfolio that includes relations with nearly...

February 29, 2024
Socure and Trustly Partner on Pay-by-Bank Solution With Streamlined Onboarding

Socure and Trustly have partnered to offer merchants a pay-by-bank solution that includes a streamlined customer onboarding process and guaranteed fast payments. The solution designed for all merchants but is especially valuable for...

February 28, 2024
Policymakers Chase Central Framework for Decentralized Finance Oversight

You don’t know what you don’t know. And what you don’t know you can’t leverage or interact with, much less hope to regulate. That is the realization that governmental bodies...

February 27, 2024
AU10TIX Adds KYB to Identity Verification Offerings

Israeli identity verification firm AU10TIX has launched a know-your-business (KYB) solution. “Increasingly rigorous regulatory demands are forcing businesses across all sectors to collect and analyze more data about the identities of their partners and...

February 26, 2024
Synchrony Says KYC Will Determine Authentication’s Future

Authentication in the payments space is continuously evolving. But one constant is that any innovation needs to strike a winning balance between enhancing security and improving user experience. “Identity theft,...

February 22, 2024
Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA

Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said in its annual report that...