AML Crackdown Continues with Closing of UK Payment Processor
Government regulators around the world continue to intensify efforts against money laundering. In a first-of-its-kind case, Britain’s Financial Conduct Authority has shut down payment processor Euro Exchange Securities (EES) over concerns about potential financial crime activity. The FCA ordered Euro Exchange Securities UK Limited to halt all regulated electronic money and payment services after identifying […]
Barclays Targets Future Customers Through GoHenry UK Acquisition
The race to capture the next generation of banking customers is no longer confined to fintechs. Barclays is making a play for young consumers by acquiring the UK business of GoHenry, a popular financial app that helps children learn how to manage money. Along with Greenlight, GoHenry has been one of the pioneers in the […]
Open Banking Has Made Payment APIs a Burgeoning Revenue Stream
Banks and fintechs rely on each other in many ways, but this hasn’t stopped both sides from jockeying for top-of-wallet status. At the heart of this complex relationship is data. As the open banking model has proliferated, banks have shared customer-permissioned data with third-party providers in exchange for a range of digital services that were […]