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Singapore Reforms Laws For FinTech Push

PYMNTS

Singapore is preparing for a FinTech revolution. The small nation is making a big push in support of FinTech innovation by reforming its payment laws. “It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. .

Fintech 101
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Fintech cyber security consortium initiative led by World Economic Forum

The Paypers

(The Paypers) The World Economic Forum has led the creation of an industry consortium that aims to improve the cybersecurity of financial technology companies.

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Banks and fintechs – how should they collaborate?

NCR

These financial technology, or fintech firms, have often been seen as a threat to legacy players, but there’s an increasing recognition that they can also present huge opportunities, if banks are able to effectively collaborate with them. Fintechs are more agile, higher risk tolerant and closer to what consumers want.

Fintech 80
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FTC seeks comment on proposed amendments to safeguards and privacy rules

CFPB Monitor

The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments. The Safeguards Rule requires financial institutions to have a comprehensive information security program.

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Wall Street stock-lending platform crashes in ransomware attack

American Banker

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial technology firm that processes trillions of dollars of securities-lending transactions every month.

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FinDEVr APIntelligence

Fintech Labs Insights

Are you building new financial technology? We’re taking the fintech developer tool showcase to New York on March 29 & 30, 2016. Developer news: TechCrunch: Rakuten Launches $100 Million Global Fund For Fintech Startups. Arxan announces Cyber Security scholarship program. Stay tuned for details.

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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Named by Self Lender as 1 of 3 startups who is “absolutely crushing it” in fintech. Debuted first eBook, A Better Financial Life. Earned spot on first Forbes Fintech 50. Listed in Silicon Review as one of the 20 fastest growing security companies. Quoted in eWeek on the problem of app security.