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The Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) published a shared policy summary on new requirements to strengthen operational resilience in the financial services sector.

And the People’s Bank of China (PBoC) recently said it was looking toward new technologies to keep a closer eye on the nation’s FinTech, blockchain and digital lending markets.

This trend means financial service providers and FIs will face even more pressure to “get it right up front,” as the window to catch a fraudulent transaction before it settles gets narrower.

There was also a rise in fraud attacks against the bank.

In a market without open banking regulations, FinTechs continue to enter into the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions.

Erin Platts, head of EMEA operations, announced that the bank is opening up an office in Copenhagen as the result of an active tech community, and the fact that Denmark doesn’t require a license to make loans.

Fides aims to address this multi-bank management challenge by offering technology for firms to connect into multiple bank accounts through a single platform, and integrate this tool with existing treasury management platforms.

The bank’s legacy IT procedures have been deemed responsible for runaway expenses and falling behind advancing FinTech development.

Mayo said, according to the outlet, “It’s been a rocky 25-year marriage for banking and technology, but it’s finally getting on course.

Also, Amazon wants to take its cashier-free Go technology to other places such as movie theaters and airport stores.

Businesses using the Clareti Multi-Bank tool can connect with their banks via AccessPay, which uses SWIFT to facilitate the connection.

Tech innovation is on the move in the country, with increased attention from Big Tech companies like Google and digital startups like Chipper Cash, a no-fee, cross-border payment company that launched there earlier this month ...

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