Managers of Wealth Fintech

Why India’s fledgling FinTech industry needs better regulations

Rapid advancements in cloud computing, AI and blockchain, along with faster and cheaper internet connectivity have fuelled the rise of FinTech start-ups.

Tech investors include #MeToo clauses in start-up deals

Entrepreneurs forced to disclose sexual harassment complaints in due diligence exercises

The Electronic Transactions (Guernsey) Law, 2000

A document in electronic form satisfies a legal requirement to retain such in hard copy form, and vice versa.

Standard Bank to shut 91 branches as customers go digital

Standard Bank’s South African unit “will implement a comprehensive exit package which significantly exceeds the requirements as set out in the Labour Relations Act”, the lender said.

Mt. Gox founder acquitted of embezzlement but guilty of data tampering

It recognized the 33-year-old had altered data on the company's trading system to pad the amount in his accounts, as he sought to prevent his company from becoming cash-strapped.

Clifford Chance launches SMCR Manager

SMCR Manager is the first product to launch from Clifford Chance Applied Solutions, the home for the firm's expanding range of digital products which launched in July 2018.

Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal

Currently, some platforms are subject to securities regulation depending on what crypto assets they trade and how they’re operated, but others are unregulated

Switzerland: FINMA Adjusts Sandbox, Fintech Licenses

FINMA said that companies with a Fintech licensee will benefit in particular from less extensive auditing.

How Wells Fargo Uses AI, Biometrics To Fight Money Laundering

Many banks, including JPMorgan Chase and Ally Bank, are experimenting with AI in this way to protect user data and money, and, for money laundering in particular, AI can flag fraudulent transactions with criteria that humans cannot see.

Central bank digital currencies could impact payments, monetary policy and financial stability

General purpose central bank digital currencies could revolutionise the way money is provided and the role of central banks in the financial system, but these are uncharted waters, with potential risks.

BCBS statement on the growth of crypto-assets

Crypto-assets have exhibited a high degree of volatility and are considered an immature asset class given the lack of standardisation and constant evolution.

Dubai-based crypto firm to stop using Alibaba name

ABBC Foundation has agreed to stop using trademarks that include the term 'Alibaba' following a long-running dispute with Chinese e-commerce company Alibaba Group

US warns of WTO action over 'discriminatory' new digital taxes

That overhaul is expected next year at the earliest, assuming a consensus can be reached among the 127 countries taking part in the talks.

Japanese banks to stop using a piece of 1800s tech

Small businesses use them for many contracts, and they’re still required for things like marriage and home ownership

The World Bank selects SimCorp Dimension

The World Bank Group has two goals that drive its work in developing countries.

Thailand’s new cybersecurity law lets authorities violate privacy

Government officials are permitted to seize computers, search networks, and access and copy any data they require.

MAS Enhances Guidelines on Technology Risk, Business Continuity

MAS proposes to expand the TRM Guidelines to include guidance on effective cyber surveillance

Jersey OIC reports drop in data breaches and complaints

In the legal sector, the figures for those periods were 10 and two respectively.

Abu Dhabi's ADGM invites applications for its regulatory sandbox

Financial centre encourages financial technology and regulatory technology companies to apply in the fourth edition of Reglab

Bahrain Economic Development Board announces the launch of Beehive Bahrain

Launch will unlock new opportunities for start-up's and investors in Bahrain and across the region

Legal,Regulation,Tax & Compliance