Managers of Wealth Fintech

FCA puts asset managers’ AI governance under the spotlight

Even so, the publication sends a clear supervisory message that buy-side firms with UK-regulated activities would be unwise to ignore.

Jersey: Fintech and Digital Asset Regulations

A fintech business will generally need to be registered with the JFSC

Visa and Mastercard threatened with potential £5bn UK lawsuit over fees

Application made for group claim seeking compensation for companies for alleged overcharging on customer card payments

BNPL fintech Sezzle applies for US national bank charter

The proposed Sezzle Bank plans to offer a suite of credit products alongside FDIC-insured checking and savings accounts.

Data protection registration fees to rise

The 4.3% rise is in line with RPIx, the Retail Price Index excluding mortgage interest payments, the ODPA said.

FOMO Pay Opens Compliant Digital Asset Route to PantherTrade

The link is PantherTrade’s first Travel Rule integration with an overseas licensed institution, according to Futu, bridging Singapore payments and Hong Kong trading.

BIT Secures FINMA Approval for Switzerland’s First Spot Bitcoin ETF

Retail and qualified investors will be able to buy shares in the fund through a standard brokerage account once it starts trading.

FINMA approves Switzerland’s first Bitcoin ETF

This constitutes an “other fund for alternative investments” with a specific risk under Swiss law.

Ramp applies for OCC trust bank charter for digital asset custody

It would not engage in commercial lending or take deposits, and would instead focus on fiduciary operations.

Crypto Tax Would Push Over 10% of Funds Offshore, Industry Says

The findings come from an urgent survey conducted by The Seoul Economic Daily on the 18th of 30 chief executives and academic experts across the digital asset sector

Egypt’s FRA approves six FinTech firms for non-banking financial services

The approvals signal Egypt’s continued commitment to building a regulated FinTech ecosystem.

Saudi consultation proposes data protection reform

The proposed requirement that controllers "store Personal Data within the Kingdom" is one of the most consequential amendments in the consultation.

Dubai’s VARA tightens expectations for crypto reserve audits

VARA has set out detailed expectations for the reporting of audit findings.

Sharjah Police bust 4 gangs for cyberattacks, crypto-related money laundering

The operation, named ‘End of Battle’, led to the seizure of more than Dh200 million and the referral of 33 accused individuals and companies to the Sharjah Criminal Court.

Why Fintech Changes the Effectiveness of Financial Regulation

But from the government and regulators’ point of view, fintech is often seen as a potential risk.

KPay Granted Major Payment Institution License by M

The license lets KPay offer merchant acquisition and money transfers in Singapore as it launches online payments and a POS system for F&B merchants

Pliant receives UK’s EMI licence to support payment expansion

The approval enables Pliant to issue payment products and serve customers directly through its own regulated entity in the UK.

Unlocking Cross-Border Fintech in West Africa

BCEAO licensing boosts West African fintech expansion, but fragmented rules still slow regional momentum.

BoA fined $1.2bn over "egregious" AML deficiencies

The fine comes just days after American Express was fined $350m by the OCC for similar deficiencies.

OCC fines American Express $350m

The regulator says the civil money penalty against American Express National Bank relates to alleged "deficiencies in the bank’s Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance program".

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