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HKMA initiative to foster innovation in Interbank Account Data Sharing
The arrangement gives customers control over their data, enabling them to decide which banks can see their accounts and transactions.
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Global study highlights Fintech Associations’ best practices
Key findings from the Cambridge Centre for Alternative Finance’s inaugural report on the role of fintech associations in shaping regulatory approaches and benchmarking good practices.
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Synapse Brokerage CEO and CCO charged with misconduct by FINRA
Key alleged shortcomings include unreasonable supervision as well as failing to maintain books and records.
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GRIP Extra: SEC launches AI taskforce, Google confirms Salesforce breach
Our in-brief roundup of notable stories from the last week.
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CFPB to rewrite Open Banking Rule
The rule was received enthusiastically by fintechs but faced resistance from some traditional banking institutions.
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Driverless Finance explores fintech’s impact on financial stability
We review law professor Hilary J Allen’s new book and speak to her about the conclusions she draws.
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UK Secretary of State Peter Kyle sets out ambitious AI vision at City Week AI Summit
UK government is committed to harnessing AI for economic growth and public service transformation.
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GRIP Extra: SEC to cut enforcement staff by 17%, Wells Fargo freed from asset cap
Our in-brief roundup also includes Bristol Myers Squibb and BioNTech in a drug partnership, Reddit suing Anthropic for using its data, and BlackRock being removed from Texas blacklist.