Category: Trade & Industry

Non-compliance with audit standards and requirements is detrimental to a bank or lender. For standards such as PCI, non-compliance can result in financial penalties or in a bank being unable to process credit card payments. The CCPA assesses civil penalties of up to $7,500 for each intentional violation. Additionally, some standards require public disclosure of…

Canada Inks New Guidelines for Crypto Exchanges In the wake of the FTX scandal and the so-called “crypto winter,” the Canadian Securities Administration (CSA) has issued a set of new regulations for cryptocurrency exchanges. The new guidelines involve both commitments to investor protection as well as a registration mandate. The mandate requires “crypto asset trading…

Envestnet focused on expense management and leaning on core investments in the fourth quarter to keep up with economic uncertainty and decreased revenue. THE BIG PICTURE: In Q4, the wealth-tech giant invested in its platform to enhance efficiency, Chief Executive Bill Crager said during the company’s Q4 earnings call Thursday. “We streamlined the business to…

The automated clearing house payment system reaches all U.S. bank accounts and is an extremely cost-effective way to move money. This helps explain the ACH Network’s steady growth. Shamir Karkal, co-founder and chief strategy officer, Sila Nacha says the ACH Network processed 7.6 billion in payments worth $19.2 trillion in the third quarter of 2022.…

Western Union and Beforepay announced a partnership that will enable Australians to pay for money transfers in installments after the money has been sent. Called Send Now, Pay Later, the tool enables users to borrow around $1,400 (AUD $2,000) and repay in installments over a short period of time. 44% of Australia’s consumers said they…

A February wave of layoffs in the tech industry has left many without work amid a looming recession.  Within the past year, more than 150,000 employees were affected by 2022 tech layoffs, which continued in January with 68,500 job cuts, according to “Who Was Affected by the 2022-2023 Tech Layoffs?,” a report from research firm…

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. 10x Banking empowers banks to move from monolithic to next-generation core banking solutions delivered through their comprehensive and powerful cloud native SaaS core banking platform SuperCore®. Features Create innovative banking experiences across cards, savings and lending…

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Trulioo is the identity platform global businesses turn to for growth, innovation and compliance. Trulioo is the end-to-end identity verification platform. Features Quickly build, launch and optimize onboarding workflows through Workflow Studio or connect to specific…

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. TAZI AI is a machine learning (ML) platform, enabling business experts and data scientists to build and deploy ML models with patented continuous learning and explainable AI. Features Easy to use: can be used by business…

There are plenty of reasons why FinovateEurope 2023 next month will be one of the year’s biggest fintech events. With just over a week left to take advantage of early-bird savings on your FinovateEurope ticket, we thought we’d share a handful of our favorite reasons why we hope to see you in London, March 14…