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News Stories

UK regulator orders British banks to explain their overdraft rate hikes

Several UK banks have changed their overdraft rates to be around 40%, more than double some of their previous charges. Now the Financial Conduct Authority (FCA) wants to understand why.

Seven of the top 10 InsurTech deals in Asia were raised by companies in...

InsurTech companies in Asia present an attractive investment opportunity due to the many underinsured population groups present across the region. The traditional insurance market...

Travelex’s offerings are finally back online after almost a months’ outage caused by a...

From: RegTech Analyst Travelex’s foreign exchange services were crippled on New Year’s Eve when the company discovered a ransomware in its system. Almost a month later, Travelex...

UK consumer confidence doubles over the past decade

UK consumer confidence in financial institutions has doubled since 2010, according to research from Harris Interactive.

CFTC slams trader with $10m fine

A US regulator has fined a commodity pool operator over $10m for allegedly filling misleading statements and failing to implementing an adequate supervisory system to prevent such misstatements.