FCA fines Coinbase unit £3.5m over high-risk customers
The Financial Conduct Authority has fined a Coinbase unit £3.5 million for enabling crypto trading services for high-risk customers.
The Financial Conduct Authority has fined a Coinbase unit £3.5 million for enabling crypto trading services for high-risk customers.
As it reports a 65% surge in full-year profit, Dutch digital bank bunq has stepped up its effort to crack the US, filing for a broker-dealer licence in the country.
Challenger banks will feature heavily in the upcoming Swift Business Forum in London. Craig Donaldson, CEO at Metro Bank UK, is joined by keynote speaker Sir David Clementi, ex-deputy governor of the Bank of England and chairman of Virgin Money.
Credit Suisse has partnered with Singaporean account aggregation startup Meisitis to provide clients of its digital private banking platform with a single portfolio view of their holdings across multiple institutions and asset classes.
Financial regulators from the UK, Singapore, Switzerland and Japan are collaborating on a new project to explore fund and asset tokenisation use cases and decentralised finance.
This week, the FCA and the City of London Corporation held a demo day for its Sustainability Cohort initiative, which aims to further green the financial sector and catalyse the transition to net zero.
Bank of America says that over 90% of its 213,000 employees now use its AI-driven internal virtual assistant, cutting calls into the IT services desk by half.
Google Cloud has brought in Barclays, BBVA and US Bank veteran Derek White as its vice president of global financial services.
Spanish bank BBVA is releasing its raw transaction datasets to developers as part of an international competition to create new services, applications and insight into consumer demands.
JP Morgan will pay $100 million to settle a CFTC probe that concluded the bank failed to properly monitor billions of client orders between 2014 and 2021.
TBC Bank aims to expand its microlending business and promote financial inclusion in Uzbekistan, Central Asia’s largest country by population.
American financial holding company Northern Trust’s head of front office solutions, Melanie Pickett, tells Finextra Research about some of the complexities in delivering reliable data analytics to institutional clients, which are of even greater importance during periods of volatility such as now.
The Federal Reserve Bank of New York has launched an innovation centre in a partnership with the Bank for International Settlements (BIS).
Santander UK has joined forces with Worldpay to offer e-commerce and POS technology to its business banking and corporate clients.
BNP Paribas, in collaboration with Startup Studio 321, has launched a standalon fintech for orchestrating marketplace payments.