FSTech

Travelex, the foreign exchange service hit by a ransomware attack, has said it is making good progress on containing the virus and has begun the process of refunding customers while it remains offline. The company took its website down two…

Nearly half (47 per cent) of UK consumers said they would use Open Banking apps to help them manage their finances, according to new research. An Opinium survey of 2,000 adults for Nesta’s Open Up 2020 challenge found that 31…

UK regulators handed out a total of $388.4 million in fines for Anti-Money Laundering (AML) related incidents last year, according to new research. Analysis of global AML penalties between 1 January and 31 December 2019 by automated Know Your Customer…

UK regulators handed out a total of $388.4 million in fines for Anti-Money Laundering (AML) related incidents last year, according to new research. Analysis of global AML penalties between 1 January and 31 December 2019 by automated Know Your Customer…

Monzo co-founder and deputy chief executive Paul Rippon is standing down to spend time running an alpaca farm with his wife in Northumberland. In a blog posted to LinkedIn, Rippon, who co-founded Monzo with chief executive Tom Blomfield in 2015,…

The fifth Anti-Money Laundering Directive has come into force today, with warnings that many companies now governed by the regulations are not prepared. Last year the government consulted on proposals for the transposition of the EU rules into UK law,…