The Monetary Authority of Singapore (MAS) and the State Bank of Viet Nam (SBV) have announced that they have agreed to establish a new partnership to encourage FinTech innovation and to strengthen cooperation in banking supervision. The new Memorandum of Understanding (MOU) between MAS and SBV on financial innovation will facilitate joint innovation projects between…
Read moreWell, it looks like FXCM is going to soon get another logo change. Just several weeks after it rebranded by incorporating the name of its controlling parent company Leucadia National Corp (NYSE:LUK) into its own logo, FXCM is now looking at a new logo as Leucadia itself is rebranding. Leucadia announced today a number of strategic…
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The United Kingdom’s Financial Conduct Authority (FCA) and ASIC informed that they have signed an Enhanced Cooperation Agreement between their Innovation Hubs to extend their existing agreement of cooperation and coordination on fintech innovation. This agreement forms part of the broader Fintech Bridge signed by the UK Chancellor of the Exchequer and the Australian Treasurer.…
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The European Commission informed that it has just unveiled its Action Plan on how to harness the opportunities presented by technology-enabled innovation in financial services (FinTech). Europe should become a global hub for FinTech, with EU businesses and investors able to make most of the advantages offered by the Single Market in this fast-moving sector.…
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Accuity, the provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, has embarked on a project to help payment solutions company, Lemon Way, to more efficiently identify financial crime and flag potentially high-risk customers. Lemon Way has chosen to implement Firco Compliance Link, an Accuity solution which will enable the business to streamline…
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The Securities and Futures Commission (SFC) announced that it has entered into an agreement with the Swiss Financial Market Supervisory Authority (FINMA) to establish a framework for cooperation on financial technology (Fintech). Under the agreement, the SFC and FINMA will cooperate to share information on emerging Fintech trends, developments and related regulatory issues as well…
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The Monetary Authority of Singapore (MAS) and the Government of Maharashtra (GoM) (Maharashtra is India’s second-most populous state and third-largest state by area. Mumbai is the capital city of Maharashtra) announced that they have signed a Memorandum of Understanding (MoU) on 18 February 2018 to strengthen cooperation in promoting FinTech innovation in the two markets.…
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Ally Ventures, the strategic investment arm of online brokerage and banking company Ally Financial Inc (NYSE:ALLY), has announced that it has made an investment in Greenlight Financial Technology, Inc., creator of smart debit cards for kids, teens, and college students. The company stated that the investment supports Ally Ventures' goal of promoting innovation through key alliances…
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The Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) announced that they have today signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate. Andrew Bailey, Chief Executive of the FCA, commented: International borders shouldn’t act as…
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ISDA has announced that regulatory fintech firm REGnosys has been appointed to develop a digital version of the ISDA Common Domain Model (CDM). REGnosys was selected following a request for quotations issued in the fourth quarter of 2017, and will now assist ISDA in developing the framework to build a digital version of the ISDA…
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