News

Global electronic payments giant Visa is deploying a permissioned blockchain system to facilitate and authenticate direct, cross-border payments between banks and other financial institutions.

The government is positioning the UK as a leader in cyber security via a new Digital Security by Design initiative, backed by £70 million in government investment under the revamped Industrial Strategy.

Allowing money laundering to take place sends a clear message to criminals: crime does pay, according to LexisNexis Risk Solutions. Drug trafficking, human trafficking, cybercrime, and terrorist financing are among the real-world human effects of failing to tackle money laundering ...

Europe’s most valuable FinTech, German smartphone and online bank N26, now has a valuation of $3.5 billion (£2.8 billion) after receiving $170 million in new funding from existing investors, including Tencent, GIC, Valar Ventures, and Allianz X.

Proposals published by the UK Treasury under the Fifth Anti-Money-Laundering Directive (5MLD) could actively prevent the reporting of criminal financing, according to campaigners.

As the noise grows about Libra, Facebook’s proposed cryptocurrency, reports suggest that a number of European and US banks are actively avoiding the project.