Tag Archives: Regulators

Fintech’s hot new job: dealing with regulators

NEW YORK: US regulators have taken a greater interest over the past year in technology startups promising to reinvent finance. This newfound attention is compelling the biggest names in fintech to prioritise a part of their business that’s often ignored. Several financial technology companies are looking to staff up in regulatory compliance, according to job posting data reviewed by Bloomberg. Among them are Betterment, Coinbase, Robinhood Financial, Social ... Read More »

Samsung Galaxy Note 7 Explosion Investigation Completed, Findings Submitted to Regulators: Report

After a long and gruelling investigation, Samsung has reportedly ended its investigation to find out the root cause of the exploding Samsung Galaxy Note 7. The South Korean manufacturer has submitted its findings to the Korea Testing Laboratory, UL (an American safety organisation), and other regulatory bodies. The Investor reports that Samsung has completed its internal investigation and reported its ... Read More »

Samsung Galaxy Note 7 Should Not Be Used on Planes, Japan’s Regulators Warn

Japanese aviation authorities on Friday followed their US counterparts by urging passengers not to turn on or charge Samsung Galaxy Note 7 smartphones on aircraft following reports of explosions from faulty batteries. The South Korean smartphone maker last week suspended sales of the “phablet” and recalled 2.5 million units following the reports. After the US, Japan’s transport ministry followed suit ... Read More »

EU Regulators Want More Info on Apple’s Irish Tax Deal

European Union antitrust regulators have asked Ireland to provide further details on the country’s tax deal with Apple before deciding whether this constitutes illegal state aid to the iPhone maker. The European Commission, which has been investigating the Apple deal for more than two years, said on Wednesday that Irish authorities had not responded fully to an earlier query. “Ireland ... Read More »