As technology evolves and becomes more complicated, so too do the moral and ethical dilemmas, along with the associated regulations. However, well-intentioned regulations designed to protect people and businesses alike can sometimes seemingly conflict with one another – something which the financial industry is potentially facing with the debate over Compliance versus Privacy.

Today, SDK.finance, a financial technology provider, announced a 1-Year payment deferral for all companies with financial licenses issued by any country of the European Union and the United Kingdom. The initiative aims to help the society minimize the negative economic impact of the global COVID-19 outbreak.

More than three quarters (77%) of consumers claim that the account opening process can ‘make or break’ their relationship with a financial services brand. A new survey published today by Trulioo, the leading global identity verification provider, reveals that people are becoming increasingly intolerant of poor online account creation experiences within financial services and (77%) will switch to other sites if they encounter a sub-optimal process. 

Award-winning RegTech provider Know Your Customer has announced the appointment of Jamie Anderson as Head of Sales for the Asia-Pacific region. 

ING is fully committed to helping our customers and supporting society in coping with the coronavirus pandemic. In many countries we are working with the local industry and governments to provide businesses and individuals the necessary financial flexibility while ensuring we continue to play the vital role banks have in society, providing key banking services through our network.

NatWest has today announced that it is waiving monthly hire fees for Point-of-Sale terminals from its payments product Tyl until the end of 2020, adding to the range of support that the bank has launched for its SME customers during the current crisis, allowing businesses to offer a variety of payment options to their customers at a reduced cost.

Diebold Nixdorf (NYSE:DBD), a global leader in driving connected commerce for the banking and retail industries, today announced a business update relating to the novel coronavirus (COVID-19) pandemic. 

In view of the evolving situation around the spread of Covid-19 in communities, Axis Bank has set aside Rs. 100 crore to support customers, employees, vendors, government agencies and the community at large towards curbing the spread of coronavirus.

Metro Bank announces that from 1 March to 30 June 2020, personal current account customers will not be charged any interest for using their overdraft. This will happen automatically and customers do not need to contact the bank.