The European Banking Authority (EBA) has recently released its opinion on the European Commission’s Fintech Roadmap.
Andrea Enria, the EBA’s Chairperson, said his agency will set up Knowledge Hub to make sure EU supervisors share best practices and adopt a technologically neutral approach to the application of new technologies in...
FinTech Australia CEO Will Step Down. Danielle Szetho, FinTech Australia’s first CEO, will leave her post after two years of lobbying successfully for changes in the country’s financial sector.
Interim CEO is Sarah Worboys
Worboys is a former chartered accountant who works actively with startup companies. In her more recent post, she...
3 Things Fintech Startups Should Learn From Big Tech Companies: Now, it is a norm to hear people saying they are going to leave their jobs in Apple or Google to start their own business in fintech. That’s certainly a course of action that many entrepreneurs are determined to take...
EU Setting Up 23-Step Fintech Action Plan: The European Commission is laying out the particulars of its 23-Step Fintech Action Plan that would provide digital transformation support to the financial services sector. This would also create an EU Fintech Laboratory, which would lay the foundation for regulatory rules and crowdfunding...
The World Economic Forum is on the move to strengthen further the cybersecurity of fintech firms and data aggregators.
WEF has recently formed a four member fintech cyber security consortium to battle threats against cyber security.
The fintech cyber security consortium are made up of City and Kabbage, DTCC, Hewlett Packard...
The conventional monetary dealings have internationally experienced a major change that has been realized by technology and advancement. In 2015, in excess of 12,000 new businesses grew in the Fintech space over the world with an enormous assumption of USD 19 billion. By definition, Fintech involves IT – based...
The government after economic analysis expects a growth of about 3.8% in the country's GDP.
Innovation and comprehensive technology advancement have been planned for, and the country has earmarked more than HK$ 50 billion ($6.4 billion) as stated by Paul Chan the country's Financial Secretary
The Public health...
It seems we are up for another tumble between two giants in the financial industry. A patent infringement lawsuit was placed against IEX by NASDAQ thus essentially prolonging the struggle between the two entities.
In total, there seems to be seven patents presented in the lawsuit, and according to NASDAQ,...
Viewing the changing landscape of the financial world, the Taiwan’s regulatory and other government agencies are intending to take the leap in this technology by launching a dedicated agency, providing various funding schemes and collaborating with the market participants.
In February 2015, the FSC (Financial Supervisory Commission) took the initiative...
The Securities and Exchange Commission is dead serious to punish the agencies that cause disruption to market events.
Recently, SEC ordered the New York Stock Exchange to pay $14 million fine for multiple breakdowns and regulatory violations.
The SEC move came after they conducted five separate investigations on Nyse.
These five investigations...
