banking regulation

FTX Ties to Farmington State Bank in US Are Probed
FTX Ties to Farmington State Bank in US Are Probed
November 23, 2022  |  Cryptocurrency

One of the assets that have come to light during the bankruptcy of FTX is reportedly a stake in a U.S.-licensed bank, which it owns...

READ MORE >
US Senators Ask SoFi About Its Banking Law Compliance
US Senators Ask SoFi About Its Banking Law Compliance
November 21, 2022  |  Bank Regulation

Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital...

READ MORE >
US Regulators Want Citigroup to Fix Risk Management Faster, Report Says
US Regulators Want Citigroup to Fix Risk Management Faster, Report Says
September 14, 2022  |  Regulation

Regulators at the Federal Reserve reportedly grown impatient with Citigroup’s response to its complaints about the bank’s systems for preventing mistakes. The regulators have repeatedly...

READ MORE >
Inside the Upside of India’s New Bundled, Cross-Border Remittance System
Inside the Upside of India’s New Bundled, Cross-Border Remittance System
September 09, 2022  |  Cross-border Payments

In India, a broadening by the Reserve Bank of India (RBI) of the ways and means through which citizens can send money abroad will open...

READ MORE >
Tencent Eyes a Holding Company for FinTech WeChat Pay
Tencent Eyes a Holding Company for FinTech WeChat Pay
March 23, 2022  |  Mobile Payments

Tencent, the Chinese tech giant, is looking into whether regulators will required it to have a financial holding company for its FinTech business, CNBC wrote...

READ MORE >
Singapore Banking Regulator Shuts Wirecard
Singapore Banking Regulator Shuts Wirecard
September 30, 2020  |  Security & Fraud

Singapore’s financial regulatory authority announced Wednesday (Sept. 30) it has directed Wirecard AG to end its payment services in the Southeast Asian country and return...

READ MORE >
Gaming Hardware Maker Razer Eyes Banking Licenses In US, Europe
Gaming Hardware Maker Razer Eyes Banking Licenses In US, Europe
September 11, 2020  |  Digital Banking

Razer Inc., the gaming hardware manufacturer, is eyeing expansion into banking in the U.S. and Europe. The move comes nine months after the California-based company...

READ MORE >
California Opens Door For San Francisco Public Bank
California Opens Door For San Francisco Public Bank
October 07, 2019  |  B2B Payments

California Governor Gavin Newsom has signed legislation allowing for the establishment of public banks in the state, and advocates in San Francisco are jumping at...

READ MORE >
Can A Single App Promote Better SMB Cash Flow?
Can A Single App Promote Better SMB Cash Flow?
September 11, 2019  |  Mobile Applications

Europe’s revised Payment Services Directive, or PSD2, is among the regulations designed to increase innovation when it comes to digital transactions of all types. According...

READ MORE >