Regulatory Developments

Can servicers tap Fed facility for liquidity?

After announcements by federal housing agencies that would provide forbearance to borrowers as the COVID-19 pandemic lingers, announcements reinforced by the federal stimulus bill passed by Congress, the servicing industry began to examine options to continue funding operations when borrowers no longer are making regular payments. The Mortgage Bankers Association called on the Federal Reserve … Read more

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ESMA consults on clearing solutions for Pension Scheme Arrangements under EMIR

ESMA consults on clearing solutions for Pension Scheme Arrangements under EMIR Thursday 02 April 2020 16:36 The European Securities and Markets Authority (ESMA) has today launched a public consultation on a range of issues regarding potential central clearing solutions for Pension Scheme Arrangements (PSAs) under the European Market Infrastructure Regulation (EMIR). The consultation is based … Read more

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ESMA updates its risk assessment in light of the COVID-19 pandemic

ESMA updates its risk assessment in light of the COVID-19 pandemic Thursday 02 April 2020 15:33 The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today updates its risk assessment to account for the impact of the COVID-19 pandemic. The pandemic, in combination with existing valuation risks, has led to large equity … Read more

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ESMA publishes 24th extract from its EECS database

ESMA publishes 24th extract from its EECS database Thursday 02 April 2020 14:01 The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes the 24th extract from its database of enforcement decisions on financial statements. The extract includes eight decisions taken by European enforcers in the period between May 2018 and … Read more

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ESMA publishes 2019 report on enforcement of corporate disclosure

ESMA publishes 2019 report on enforcement of corporate disclosure Thursday 02 April 2020 10:54 The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes its Annual Report on enforcement and regulatory activities related to corporate reporting within the European Economic Area (EEA).The Report presents the 2019 activities of ESMA and of … Read more

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Cybersecurity, Data and AML/Sanctions

The return of humanity in the digital era

He highlights the positive impact of the current situation and how our past was not necessarily better. Not long ago…Being at home for dinner together as a family or with a group of friends was a rarity, and when it did happen, right next to the knife and fork would be our phone. A rare … Read more

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VTB Bank registers new big data company with Rostelecom

VTB Bank, Russia’s second-largest bank, has teamed up with one of the country’s major telecommunication firms Rostelecom to register a joint venture which will develop products based on big data. The global revenue for big data and business analytics solutions is expected to reach $260 billion by 2022 The new company, called ‘Big Data Platform’, … Read more

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ThetaRay, Provider of Big Data and AI-enhanced Analytics Tools, Joins Microsoft’s Partner Program to Offer AML Solution

ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has joined Microsoft’s (NASDAQ:MSFT) partner program, One Commercial Partner, which provides various cloud-powered solutions. ThetaRay’s anti-money laundering (AML) solution for correspondent banking can be accessed through Microsoft’s Azure Marketplace. A large US bank… Read More The post ThetaRay, Provider of Big Data and … Read more

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The services trinity: Three is the magic number

SPONSORED INSIGHTS For years, the services industry has been preoccupied with predictive capabilities. In many areas it’s a present-day reality: the internet of things (IoT), the cloud and artificial intelligence (AI) are finally beginning to work together in meaningful ways, correlating data and turning it into actionable insights. While predictive maintenance capabilities has often been … Read more

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JP Morgan vs fintechs: Who really owns your data?

JP Morgan gave fintech firms a choice: abide by data access rules or get out. Should any of us be surprised? A few weeks ago, JP Morgan Chase delivered an ultimatum to fintech firms that want to access its customers’ data: abide by their API standards or get locked out by the end of July. … Read more

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Crypto/Blockchain

Bison Trails Provides Support for NuCypher Protocol

Blockchain infrastructure-as-a-service company, Bison Trails, announced support for the NuCypher network, as well as its permissionless token distribution system, WorkLock, on April 2. According to the announcement, the Libra Association member assured users that anyone would be able to run nodes and participate in the NuCypher network on the Bison Trails platform. NuCypher’s use cases The … Read more

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‘Wahoo!’ Australian Taxpayers Alliance Exec Excited to Buy Bitcoin

A top executive from a prominent Australian taxpayer group has publicly endorsed the world’s biggest cryptocurrency by announcing her first ever Bitcoin purchase. Emilie Dye, director of policy at the Australian Taxpayers’ Alliance, or ATA, tweeted on April 1 that she had bought her first Bitcoin: “Today, I made my first Bitcoin purchase. Wahoo!” This … Read more

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Crossword and Polymath competitions suspended

The following people are winners of the Monday and Saturday puzzles *** Crossword 16,425: Bill Stewart, Leicester; R Harpur, Herefordshire; Martyn Abbott, Lincolnshire Polymath 1,065: P Johnson, Berwickshire *** Crossword 16,419: Paul Rock, Walden, England; James Simpson, France; Hugh Guilford, Buckinghamshire, England Polymath 1,064: Michael Foottit, London *** Crossword 16,413: James Leaver, Sydney; Ardeshir Dalal, … Read more

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$8.5K Then $3K — This Trader’s Bitcoin Price Call Is Playing Out to a T

The Bitcoin price (BTC) has recovered strongly from $5,200 to $7,200 in the past two weeks, despite the declining appetite for high-risk assets including single-stocks and cryptocurrencies.  One prominent trader predicted the entire price movement of Bitcoin since its initial drop from $10,500 to sub-$6,000, and in the medium-term, the digital asset’s trend remains gloomy. … Read more

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Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending

A lot has changed since the coronavirus pandemic swept the globe as it has caused a wide range of negative effects on the world’s economy. On March 30, the blockchain surveillance firm Chainalysis published a report that shows how the cryptoconomy is faring from merchant acceptance to gambling, and darknet purchases as well. The researcher’s … Read more

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Banking, Finance and Investment

Property Investing Marketplace Propetly Now Seeking £225,000 Through Seedrs Funding Round

Propetly, a UK-based property investing marketplace, is now seeking to raise a minimum of £225,000 through its equity crowdfunding campaign on Seedrs. The company is now offering 6.97% in equity at a £3,004,320 pre-money valuation. Founded in 2018, Propetly describes itself as a marketplace that… Read More The post Property Investing Marketplace Propetly Now Seeking … Read more

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44M Digital Wallet Items Exposed in Key Ring Cloud Misconfig

Millions of IDs, charge cards, loyalty cards, gift cards, medical marijuana ID cards and personal information was left exposed to the open internet.

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A Challenge to Fintechs to Further Help Save Our Small Businesses

[Editor’s Note: This is a guest post from Kevin Shane EVP Capital Markets at Sharestates, a real estate crowdfunding platform for private investors and borrowers seeking access to more capital]. Aside from thinking about all the things I can’t wait to do with my family and friends post-quarantine, I’m also thinking about ways to help … Read more

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Rodney Sampson Joins Draper Goren Holm as Venture Partner

Crowdfunding advocate and Fintech expert Rodney Sampson has joined Draper Goren Holm as a Venture Partner. Draper Goren Holm is a partnership between Tim Draper, Alon Goren, and Josef Holm, focused on accelerating and incubating early-stage blockchain and Fintech startups, while simultaneously producing leading blockchain… Read More The post Rodney Sampson Joins Draper Goren Holm … Read more

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Update: Zurich Fintech MPower Set to Close Crowdcube Round With More Than £350,000 in Funding Secured

MPower, a Zurich-based fintech startup, is set to close its equity crowdfunding campaign on Crowdcube with more than £350,000 in funding secured. The funding round, which originally sought to raise £300,000, has attracted nearly 320 Crowdcube investors.  As previously reported, MPower describes itself as an… Read More The post Update: Zurich Fintech MPower Set to … Read more

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