Category: Industry Updates

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Fintech Week in Review – Week of October 8-12

International Developments Policy Updates IMF and World Bank Launch Bali FinTech Agenda On October 11, 2018, the International Monetary Fund (“IMF”) and the World Bank Group launched the Bali FinTech Agenda, “a set of 12 policy elements aimed at helping member countries to harness the benefits and opportunities of rapid advances in financial technology that … Continue Reading

Federal Bank Regulators Issue Joint Statement on Collaborative BSA/AML Compliance

On October 3, 2018, a group of federal bank regulators and FinCEN announced in a joint statement that banks and credit unions could collaborate and share resources to manage their Bank Secrecy Act (“BSA”) and anti-money laundering (“AML”) obligations.  A collaborative arrangement does not modify or abrogate any of the bank’s BSA/AML obligations, and the … Continue Reading

Fintech Week in Review – Week of September 24-28

The following is a summary of Fintech specific related topics, for the Blockchain Week in Review, please visit our sister blog post at the Virtual Currency Report. Roundup of CFTC Resources The Commodity Futures Trading Commission (CFTC) announced on September 20, 2018 that it would hold an open meeting on September 27, 2018 to discuss fintech cooperation agreements, … Continue Reading

Fintech Week in Review: Week of September 10-17, 2018

The following is a summary of Fintech specific related topics, for the Blockchain Week in Review, please visit our sister blog post at the Virtual Currency Report. State Bank Regulators and NYDFS to renew litigation against OCC On September 12, the Conference of State Bank Supervisors (“CSBS”) announced that it would renew litigation efforts in opposition to the … Continue Reading

Fintech in Review – Week of August 20 – 24, 2018

The following is a summary of Fintech specific related topics, for the Blockchain Week in Review, please visit our sister blog post at the Virtual Currency Report. U.S. Chamber of Commerce Announces FinTech Innovation Initiative The U.S. Chamber of Commerce released “FinTech Innovation Initiative: Bridging the Gap Between Tech and D.C.”  The document includes a number of guiding … Continue Reading
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