New Reforms Aim To 'Reset' Australian Open Banking Rollout
Australia has introduced the first of new reforms that are intended to “reset” the country’s …
FCA Fines Metro Bank £16m Over Financial Crime Failings
The UK’s Financial Conduct Authority (FCA) has imposed a £16,675,200 fine on Metro Bank PLC …
Regulators Caught In Arms Race With Scammers, As Global Losses Hit $1.03trn
A new report has found that consumers lost $1.03trn to scams in 2023, setting the …
Rule 1033 'A Significant Evolution' For US Open Banking
The Consumer Financial Protection Bureau has activated its open banking requirements for banks and fintechs …
Reserve Bank Of India Streamlines KYC Requirements In Updated Guidelines
The Reserve Bank of India has added new updates to its know your customer (KYC) …
US Mega Banks Signal Potential CFPB Litigation Over Zelle Complaints
Three of the largest banks in the US, which collectively account for 73 percent of …
US Republicans Object To 'Heavy-Handed' Scrutiny Of Bank-Fintech Partnerships
A group of senior Republicans in Congress have urged federal regulators not to rush into …
Singapore: New National AML Strategy Banks On 'Whole-Of-Government' Approach
One year on from Singapore’s largest ever money laundering bust, regulators are banking on a …
Competition Is Increasing Risk Of Financial Crime in Lithuania's Payments Sector
A new Lithuanian government report has identified payments and e-money institutions and virtual asset service …