financial technology

QA Mentor, Inc. acquires TestMatick

QA Mentor, Inc., a New York-based software quality assurance and testing services provider, announced last week the acquisition of TestMatick, a privately held software testing company in the Ukraine, with headquarters in Cherkassy. Founder and CEO of QA Mentor, Inc. Ruslan Desyatnikov said “this acquisition will help QA Mentor, Inc. strengthen its position in the »

Consultation period on PSD2 closes

Today marks a pivotal moment in banks’ and payment providers’ PSD2 preparations as the European Banking Authority (EBA) closes its consultation period on fraud reporting responsibilities. Increased anti-fraud mechanisms under PSD2 mean that banks and payment providers will need to ensure that high-level fraud reporting is undertaken. The new rules will mean that firms will »

Robots in finance bring new risks to stability, regulators warn

A study published by the Financial Stability Board (FSB), a panel of regulators that includes the U.S. Federal Reserve and European Central Bank, has revealed that the financial industry’s rush to adopt AI threatens to inject risks into the financial system and “amplify financial shocks”. The FSB, headed by Bank of England Governor Mark Carney, »

New rules to enhance Australia’s regulatory sandbox

Under proposed changes to Australian legislation, businesses will be able to test new and innovative financial technology products and services in an “enhanced regulatory sandbox”, the Australian Treasury announced last week. Consultation on the draft legislation is now open, and will remain so until 3 November 2017. Plans for the legislative reforms were announced in »