Managers of Wealth Fintech

SEC Freezes Assets of Crypto Fund Manager

Virgil Capital founder Stefan Qin, 23, is accused of securities fraud tied to pay offs being made to "loan sharks," the SEC says.

US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen

The SEC explained that Qin controls two cryptocurrency funds: the Virgil Sigma Fund and the VQR Multistrategy Fund.

Italian banks rally round digital euro

The first work area will be carried out in collaboration with SIA

Open finance has a great potential

Open finance is emerging as a key development in the financial sector, driven by technological progress and changing client needs.

Germany passes law legalizing electronic securities on blockchain

Alternatively, issuers and holders can document their securities on a blockchain-based register.

Zoho’s 2021 finance trends predicts surge in cloud-based and AI-driven accounting

Ganti also predicted that AI will play a major role in the reconciliation process in 2021.

China could restrict bank tie-ups with fintech platforms, official suggests

We can limit the number of banks that any single platform can work with

Missouri Farm Bureau Selects SS&C for Insurance Accounting

Insurer moves to SS&C SmartSource powered by SS&C’s Singularity for investment accounting services

Credit Suisse professes "astonishment" at Swiss money laundering charges

Credit Suisse unreservedly rejects as meritless all allegations raised against it and is convinced that its former employee is innocent.

Bahamas passes digital assets legislation for 'compliant industry'

The passage of the Digital Assets and Registered Exchanges Bill, 2020 (DARE) has put in place the legal framework for a vital, well-regulated and compliant industry in the Bahamas for those interested in entering the digital asset space, the government of

Lloyds to licence invoice financing technology from Satago

Lloyds Banking Group is to run a six month trial of an invoice financing platform from Satago Financial Solutions, with a five-year commercial contract for the product on the line.

Al Salam Bank Bahrain and FlexxPay announce Sharia compliant solution

Employees with commission-based salaries will have immediate access to already-earned commissions.

SFC provides additional guidance on external electronic data storage

The SFC today also made consequential changes to its FAQs on premises for business and record keeping.

France to resume collection of digital tax

The French government feels it is legitimate to maintain a tax for digital businesses, which it believes are not suffering as a result of the pandemic.

Federal Council brings part of DLT bill into force

The amendments to the Code of Obligations, the Federal Intermediated Securities Act and the Federal Act on International Private Law that are envisaged in the DLT bill will now enter into force from 1 February 2021.

Facebook faces multiple US lawsuits that could force sale of Instagram, WhatsApp

The lawsuits highlight the growing bipartisan consensus to hold Big Tech accountable for its business practices and mark a rare moment of agreement between the Trump administration and Democrats, some of whom have advocated breaking up both Google and Fac

Legal,Regulation,Tax & Compliance