FinTech Global Inc (8789.T)
BRUSSELS EU antitrust authorities are investigating Dutch and Polish banking associations and their members to determine whether financial technology services are being blocked from accessing customer account data.
* Dutch and Polish banking bodies raided by European Commission
Financial technology firm Calastone Ltd, which operates a fund transaction network, named Stephen Mohan as chief operating officer.
* Says it will fully acquire 30 percent owned unit, FGI Capital Partners, Inc. for about 61.5 million yen, effective Oct. 1
* Says it plans to acquire 40 percent stake in Estonia-based firm e-Best Ventures OÜ, a wholly owned unit of BLOCKHIVE OÜ, for 4,000 euros
July 27 British insurer Legal & General Insurance named Nick Frankland as managing director of its newly created business Fintech, effective Aug. 1.
* Says it will sell Saitama-based property for 2 billion yen on July 14
NEW YORK (Thomson Reuters Regulatory Intelligence) - The U.S. Commodity Futures Trading Commission has taken a lead among fellow American regulators in its “LabCFTC” initiative to engage emerging fintech and regtech companies. The effort seeks to enhance the agency's oversight of commodity and derivatives markets, but also to make compliance and regulatory reporting more effective for the industry participants.
NEW YORK (Thomson Reuters Regulatory Intelligence) - The ambiguous role of financial technology in transforming the banking sector, tenuous collaboration among banks and fintech companies, and regulatory challenges presented by fintech's decentralized nature are common themes emerging where industry participants and regulators gather.