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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.

Lending 36
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Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech

PYMNTS

“The increasing demand for digitalized financial services has created an opportunity for Sri Lanka to evaluate the possibility of adopting Blockchain Technology to further advance Sri Lanka’s financial sector,” the bank’s invitation to apply read.

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Some Fintech Podcasts To Add To Your List

William Mills

Podcasting continues to gain ground in popularity and that is translating to the fintech industry as well. While there are many great podcasts to listen to, here are a few fintech podcasts (not ranked in any order) that we listen to regularly and think are worth your time as well: Fintech5. Bank on IT. Breaking Banks. CU Broadcast.

Fintech 61
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CSBS Launches Three Online Tools for the Financial Services Industry

CFPB Monitor

Each of these initiatives provides valuable new resources for both banks and non-banks to stay apprised of changing state regulatory systems and technological advances that impact the financial services industry. This map provides a catalogue to help the financial services industry navigate these changing laws.

Tools 60
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Finovate, FinDEVr Alums Among Winners of 2016 Fintech Innovation Awards

Fintech Labs Insights

Of the 15 first place prizes awarded this month in the 2016 Fintech Innovation Awards , five went to Finovate/FinDEVr alums. Fintech Leader of the Year: Zopa Executive Chairman and Co-Founder, Giles Andrews – FinovateSpring 2008. Fintech Start-up of the Year: ClearScore. Innovation in Lending: Marketinvoice.

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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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Preparing for new regulatory requirements in payments

NCR

One of the objectives of this change is to strengthen consumer protection, while enhancing anti-money laundering standards and cyber security. Writing in a blog for Finextra , Richard Carter of digital lending technology firm Nostrum Group noted that these new requirements represent something of a dilemma for many banks.