Azimo integrates with Facebook Messenger

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

Samsung Pay teams up with Finablr to boost international money transfer services

Finablr, the payments platform, and Samsung Electronics America have joined forces to create a new money transfer function on Samsung Pay.

Robinhood is relaunching its cash management feature after the first attempt turned to a...

Stock-trading unicorn Robinhood is reviving its checking solution and this time it has insurance to cover it.

Libra co-creator gets into Twitter-spat after Stripe, Mastercard and Visa abandon the cryptocurrency project

Things are not looking stellar for Libra as several backers have pulled out of the cryptocurrency project as the regulatory pressure against it is mounting.

Challenger bank Chime’s services went down and people were not happy about it

Chime, the US online-only bank, has suffered a severe service outage that left millions of customers without access to their money.

FirstBank Puerto Rico has been authorised to acquire Banco Santander Puerto Rico in $63m...

First BanCorp, the parent company behind FirstBank Puerto Rico, has given it the green light to go ahead with its purchase of Banco Santander Puerto Rico for a $63m.

Nearly 50% of wealth managers to close if digital transformation is ignored – Nucoro

Just over half of the companies in the wealth management sector will still be around in 10 years-time if they fail to innovate digitally, according to new research from B2B solution developer Nucoro.

Fenergo unveils new product Digital KYC to meet financial service firms’ compliance needs

Dublin-based RegTech Fenergo is launching new product Digital KYC to empower financial services firms to automatically comply with know your customer (KYC) rules.

Western Union releases new API for payments

Western Union, a cross-border payments firm, has released a new application programming interface (API) to support front-end domestic and international payment applications.

FCA appoints three new board members

The UK’s top finance watchdog has appointed three new non-executive directors to lead the regulator’s operations for the next three years.

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

The UK’s FCA launches new review of unsecured credit market

The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies

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