A new report released has claimed that the UK, the first mover and, until now, seen as a global leader in Open Banking will lose that leadership position this year unless drastic action is taken.
A new industry-backed report [1] from TheCityUK finds that financial regulatory authorisations at the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) can be slow, inefficient and unpredictable.
Salv, a regtech startup startup founded by a gaggle of former Wise and Skype staffers, has raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.
The global AI-powered fraud prevention and identity verification startup iDenfy, announced a new partnership with Finora Bank, the Lithuania-based financial service provider for small and medium-sized businesses.
The UK's Financial Conduct authority has fired a shot across the bows of firms preparing for new Consumer Duty rules, warning that some are falling behind in their preparation and are failing to address a shortfall in their technology resources.
Open Ecosystem RegTech provider, Konsentus, establishes its MENA regional base in the Kingdom of Saudi Arabia to provide open data infrastructure and technology services to regulators and financial services providers in the Kingdom and surrounding territories.