The key role and responsibility of financial regulators is to identify and correct market deficiencies that have an adverse effect on investors and end-clients. For this reason, regulators are especially sensitive to corporate conduct that is intended to solicit investments from the public and enrich the corporation's bank account. A good example is the reaction of many financial regulators around the world to the public sale of digital tokens ("ICOs") during the second half of 2017 and 2018. 

Banking & Payment Federation Ireland (BPFI) is today alerting consumers to prepare for changes in how they access and use their online and mobile banking services with the rollout of PSD2 (the second Payment Services Directive). PSD2 is a new European law coming into full force on September 14th. The upcoming changes aims to provide better protection for consumers and businesses by enhancing security for online banking and thereby reducing fraud.

Meniga welcomes Arpit Kaushik as Meniga’s new Chief Operating Officer. Based out of Meniga’s London office, Arpit will be responsible for engineering, professional services, infrastructure services, global sales, and operations.

For the past decade, Arpit has been building and developing high-performance teams within the technology sector in senior roles including Digital General Manager, Banking & Capital Markets at DXC Technology, General Manager and Global Client Partner at Wipro, and Sales Director at Oracle.

Onfido announce today that leading UK FinTechs Monese, Seedrs, Curve and  B-Social are joining with us in the FCA regulatory sandbox test, alongside tech partners Evernym and Deloitte, to demonstrate that there’s a better, safer and more secure way to make identity verification work for both customers and businesses. 

A recent study found that 4.4% of the UK population were gig economy workers between 2017 and 2018. This explains the emergence of so many gig economy platforms, eager to serve a consumer’s every need. But not all gig economy platforms that are launched succeed. 

Digital money transfer provider InstaReM now enables the UK and European businesses to make payments into China. The payment facility comes into fruition with immediate effect with payments to Chinese businesses being faster and more efficient to allow stronger business ties to be built.

The European Institute of Innovation and Technology (EIT) today announced that Martin Kern has been appointed as EIT Director by the EIT Governing Board. This decision will help the EIT deliver on its mission to increase Europe’s ability to innovate in 2020 and beyond.

CoinCorner’s CEO, Danny Scott, commented:                                     

FinTech Abu Dhabi, MENA’s leading FinTech festival, hosted by Abu Dhabi Global Market (ADGM),the award-winning international financial centre, is pleased to announce that its global FinTech tour will be reaching even more cities ahead of the main event in Abu Dhabi in October 2019.

The FinTechAD Tour, which is co-organised by the ADGM and Unbound, is visiting global financial hubs to identify the most exciting FinTech start-ups and talent in the world today. New tour dates have been added to the global itinerary including:

·         Frankfurt, 9^th September

Esme Loans, the standalone digital lending platform for SMEs and scale up businesses, has today announced that it has now lent over £70million to UK businesses.

The lender has seen a sustained period of rapid growth in lending to small businesses, with the most recent milestone representing over £20m of lending in the space of four months, an increase of 40% in the lender’s total loan book. At its current trajectory, the provider will have reached lending of £100m before Christmas.