FCA calls on financial institutions to improve treatment of PEPs
The FCA has told financial firms to do more to ensure politically exposed persons (PEPs) and their families are not treated unfairly.
Lights, camera, action! Finextra TV highlights 2018
It’s been a busy year for the Finextra TV team, posting 251 video interviews with leading industry figures during the course of 2018. Here are the top five by viewing figures.
Trump signs order allowing crypto in 401(k) retirement plans
US President Donald Trump has signed an executive order paving the way for Americans to add alternative assets such as private equity, cryptocurrencies and real estate into 401(k) retirement saving plans.
UBS signs 10-year carbon capture deal with Climeworks
UBS has signed a ten-year carbon removal agreement with direct air capture firm Climeworks.
Warsaw Stock Exchange postpones system upgrade
The Warsaw Stock Exchange (GPW) has pushed back the planned rollout of a new trading system, GPW WATS.
Temenos shares slide as CEO ousted
Shares in Temenos fell by around 14% on Friday after the Swiss core banking vendor’s CEO Jean-Pierre Brulard departed with immediate effect.
UBS closes SmartWealth robo-advisor, sells tech to SigFig
Little more than a year after launch, UBS is shutting down its SmartWealth digital wealth management platform for non-super rich Brits and selling off the technology to US robo-advisor SigFig.
Fintech deals in Singapore reach record levels
Singapore’s fintech sector enjoyed a mixed year in 2022, with a record level of activity but a significant drop in the level of funding, according to recently published data.
CAB Payments shares nosedive on gloomy update
Shares in British business-to-business cross-border payments firm CAB Payments more than halved after the company revised revenue guidance sharply downwards.
Temenos Community Forum welcomes an era of innovation, customer centricity and agentic tools
Temenos CEO Jean-Pierre Brulard opened this year’s Temenos Community Forum (TCF), in Madrid, Spain, with an impassioned speech focused on customer and partner gratitude.
BoE to prioritise AI, DLT and quantum computing in tech strategy
The Bank of England (BoE) intends to prioritise AI, DLT, and quantum computing as the three “cross-cutting technologies” with the most potential for “transformative outcomes”.
QuamCore secures $26m to build million-qubit quantum computer
An Israeli startup has secured $26m in series A funding to build what it claims is the world’s first one million qubit quantum computer contained within a single cryostat.
Rabobank tackles CO2 challenge by connecting corporates and farmers
Rabobank has unveiled an online platform that connects large corporates looking to offset their emissions with smallholder farmers in developing countries who are sequestering carbon through agroforestry.
Contactless dominates UK spending
A record 94.6% of all eligible in-store card transactions in the UK were made using contactless last year.
Discover hit with $1.2 billion restitution order over interchange fees
The Federal Deposit Insurance Corporation (FDIC) has ordered Discover Bank to return more than $1.2 billion to merchants that were overcharged on swipe fees and pay a $150 million civil money penalty.