Ticketmaster has been fined £1.25 million over a 2018 data breach which saw the payment details of millions of people compromised, with tens of thousands of cards subjected to known fraud.
The Financial Stability Board is attempting to develop a co-ordinated regulatory approach to the risks arising from bank outsourcing and third party relationships.
Source: New Zealand Financial Markets Authority
The Financial Markets Authority (FMA) has announced the appointment of two new specialist roles focused on deepening the regulator’s expertise in two evolving and important sectors: financial technology (FinTech) and environmental, social and corporate governance (ESG) impacts on financial markets.
Source: PayMongo
PayMongo, a Manila-based online payment processing platform, today announced its partnership with Vesta, a fintech pioneer in fraud protection and fully guaranteed payment technologies, to further enhance the company’s advanced fraud detection capabilities.
Mastercard has unveiled an AI-powered suite of tools designed to help banks assess cyber risks across their ecosystem and prevent breaches.
Source: Amadeus
The way online payments are made in Europe will enter a new era from 31st December 2020 as the Strong Customer Authentication (SCA) requirements of the Payments Services Directive II come into force.
Covid-19 has led to a strong increase in the use of fintech products and services, prompting central banks and other financial authorities to step up their own regulatory innovation efforts, according to a report from the World Bank and the Cambridge Centre For Alternative Finance (CCAF).
The European Central bank has blamed a software defect at a third party technology provider for an outage that downed the Target2 settlement system for almost 11 hours on Friday.
