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Nationwide, GibChain, and Buzzfeed

Bill Coffin | December 15, 2017

This week, UK bank Nationwide fails at KYC, Gibraltar issues the first fintech blockchain license, and Buzzfeed hits us with a trilogy of investigative reports about corruption.

KYC, FCA, SOS | Police in Scotland have reported UK bank Nationwide to the Financial Conduct Authority following an investigation into shoddy know-your-customer protocols. Cally Ellison lost some £75,000 when she transferred funds to the account of a fraudster posing as a building contractor, and she is not happy with how the bank checked the account holder’s credentials. Maybe the bank was too busy giving the fraudster a free toaster to notice.

Here comes GibChain | Next month, Gibraltar’s financial services regulator will issue the world’s... To get the full story, subscribe now.