Defining a suitable regulatory response to the appearance of Big Tech in the financial sector is "one of the greatest public policy challenges facing regulatory bodies", says BBVA in a report which calls on financial watchdogs to address the imbalance on data access between banks and firms such as Google, Amazon and Facebook.
The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic Forum to launch a Global Covid-19 FinTech Market Rapid Assessment Survey. The empirical data collected will be used to understand Covid-19’s impact on the FinTech markets, how the global FinTech industry has responded and some of the immediate regulatory and policy implications.
Source: IBM
IBM (NYSE: IBM) Security today released new data examining the top challenges and threats impacting cloud security, indicating that the ease and speed at which new cloud tools can be deployed can also make it harder for security teams to control their usage.
Source: Ping Identity
Ping Identity, the Intelligent Identity solution for the enterprise, today announced the release of its Australian Consumer Data Right (CDR) sandbox environment to allow banks and FinTech companies to jumpstart their CDR compliance efforts.
Source: Nice Actimize
NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced that two new X-Sight Marketplace partners are offering a range of free tools and services designed to boost operational efficiency of AML investigations during the onslaught of COVID-19 related demands.
Regulators in France and New York have struck an agreement that will make it easier for their fintech firms to enter each other's markets.
A US federal banking regulator has called for public feedback on the use of cryptocurrencies ahead of what could be a change in the rules on digital banking.
Just under $1.4bn was stolen through various crypto-related scams in the first five months of 2020, according to a report from cyber security firm CipherTrace.
