Ireland's minister for finance has called for an investigation into the robustness of banking technology infrastructure after a technical glitch with Bank of Ireland's (BoI) mobile banking app enabled customers to seemingly withdraw free money.
Experian has been fined $650,000 by the Federal Trade Commission for spamming customers with product and marketing messages that they did not sign up for.
Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, in collaboration with Thought Machine, a pioneer in cloud-native core banking technology, proudly unveils the groundbreaking SME Customer Onboarding Platform.
The FCA has conducted a review of fund managers' value assessments and have found that while many firms have better practices in place, some still require improvement.
Kore, the RegTech Software-as-a-Service platform that enables large financial institutions to fast track regulatory compliance has raised just under £2.4 million from angel network Wealth Club under the Enterprise Investment Scheme (EIS) in a heavily oversubscribed round.
Mystery shopping is a valuable tool for regulators looking to gain insight into how financial institutions behave when dealing with customers seeking products such as personal loans, a European Banking Authority exercise has found.
