December 2024 – Page 58

Qonto Unveils Plans for European Expansion

French neobank Qonto is set to open new offices in Austria, Belgium, Portugal, and the Netherlands as part of its European expansion plan. Founded in...

The Importance of ESG Data in the Natural Capital Market

Founder of ResponsibleRisk, Richard Peers, moderated a session at Sustainable Finance Live titled ‘What is the role of impact and ESG data in ensuring economic...

Crypto.com Takes Legal Action Against SEC Following Wells Notice

Crypto.com has initiated a lawsuit against the Securities and Exchange Commission (SEC) following a Wells notice from the regulator indicating potential enforcement action. In its...

TSB Faces £10.9 Million Penalty Due to Poor Systems and Staff Incentive Schemes

The FCA has fined TSB Bank £10,910,500 for failing to treat customers in arrears fairly. In imposing the penalty, the regulator noted that the UK...

TD Bank Penalty: $3 Billion Fine Following Guilty Plea for Money Laundering

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violations of U.S. anti-money laundering federal laws. Court documents reveal that...

JPMorgan Chase Takes Legal Action Against Customers Exploiting Viral ‘Infinite Money Glitch’

JPMorgan is taking legal action against customers who exploited a glitch in the bank's cheque deposit service, allowing them to withdraw significant amounts of cash...

Ireland to Empower National Cyber Security Centre with Emergency Authority

Proposed legislation aims to empower Ireland's cybersecurity agency to monitor all internet traffic in the country during a "pressing national security threat." Richard Browne, director...

Sustainable Finance Live: How Regulations Propel Sustainable Transactions

Regulation and policy play a crucial role in facilitating sustainable transactions on a global scale. Various perspectives on implementing these regulations within the financial services...

More than 62% of UK Residents Identify Mobile App Fraud as Their Primary Concern

62.1% of UK consumers view mobile app fraud as a significant concern, while 50% are also worried about hacking, according to research by the Open...

FCA Launches AI Lab

The FCA is set to launch an AI Lab, aimed at exploring and advancing the applications of artificial intelligence in the financial sector. This initiative...