Blog
Zelle: to refund or not to refund?
The Zelle payments scam debate: should banks be responsible for refunding victims of fraud and what are the potential implications if this is the case?
Barclays fined £8.4m by PSR
The UK’s Payment Systems Regulator (PSR) has fined Barclays for not being clear about the fees it charges retailers on card transactions.
FTX: “a complete failure of corporate controls”
Never has the phrase “meteoric rise” felt so appropriate. At the height of its success, FTX processed more than US$6bn in spot trade volume, with an average daily trade volume of US$2bn. It was valued at US$32bn in January 2022, making it one of the world’s most valuable crypto companies at that time.
Artificial intelligence in banking: risks and benefits
AI regulation is still very much in the development phase, despite use of the technology being widespread. This is because of the fast-moving nature of AI and ML; the technology is evolving all the time, leaving governments and regulators to play catch up. However, several jurisdictions are making moves to address gaps in regulation for the use of AI in the financial sector.
Regulators put pressure on Deutsche Bank to address AML failings
German financial regulator, BaFin, has published a statement threatening to take action if Deutsche Bank does not work faster to address failings in its AML measures.
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