Weekly Regulatory Deadlines | August 21 to August 27
Swiss regulator approves banking license for crypto banks; updated KYC AML rules follow
As crypto businesses have started to make the move into crypto-friendly geographies to avoid risk of shutting down, Switzerland made headlines on the other side of this spectrum by announcing banking licenses to two cryptocurrency-focused banks...
How Secondhand Marketplace thredUP Is Using AI To Personalize Shopping
Today’s shoppers can find eCommerce niches for just about anything for which they are hunting, whether they are searching for the lowest price tags or products with ecofriendly missions. One-third of Gen Z members and more than one-quarter of millennials will make secondhand purchases in 2019 due to environmental concerns and cheaper prices, for example...
Dutch regulator looking into possible Microsoft Windows privacy breach
The Hill: Cybersecurity 08/27/2019
The Dutch Data Protection Agency (DPA) is investigating a potential breach of privacy rules by Microsoft, Reuters reported Tuesday.The regulator says that Microsoft is remotely collecting data from users of Windows Home and...
UK Fintechs Are Worried About Brexit's Impact, Report Says
Law360: Banking 08/27/2019
Founders of U.K.-based fintech companies see their country as a leading jurisdiction for the industry, but such pending uncertainties as Brexit lead to a hazier outlook for fintech companies, according to a survey from the Digital Finance Forum pu...
6 banking issues to watch when Congress reconvenes
American Banker 08/26/2019
Unlike most recent congressional recesses, this past summer's break has seen some key financial policy news as bank regulators finalized a pivotal rule rolling back the Volcker Rule...