06/28/2019
RegTech Company Coinfirm To Investigate Ripple XRP’s Compliance With FATF AML Rules
Coinfirm’s partnership with Ripple is aimed at providing more transparency with regards to Ripple’s native token XRP
Legal,Regulation,Tax & Compliance
06/28/2019
RegTech Market Size, Market Segmentation and Future Forecasts to 2025 | Bearingpoint, MetricStream, NICE Actimize, Broadridge, Traiana, Finastra
In 2018, the global Regulatory Technology (RegTech) market size was 1370 million US$ and it is expected to reach 6420 million US$ by the end of 2025, with a CAGR of 24.7% during 2019-2025.
06/28/2019
MiFID II impact could be worse than expected, study finds
The impacts of MiFID II could be worse than previously expected according to new research.
06/28/2019
Fidor Solutions taps Konsentus to support PSD2 open banking roll out
Fidor Solutions CEO Dr Michael Maier said: “One of Fidor’s key value propositions is to provide a frictionless banking experience, and Konsentus supports us in delivering on this promise.
06/28/2019
MAS Exec: Risk is Guiding Our Crypto Regulations
Damien Pang said that, instead of making heavy-handed rules, regulators need to mitigate specific risks posed by digital assets
06/27/2019
Singapore is ‘actively studying’ virtual banking licences, says country’s prime minister
PM says MAS is ‘actively studying’ whether to allow virtual banking licences in the country and there could be an announcement soon
06/27/2019
Update in Respect of Data Protection in The Cayman Islands
Data controllers remain ultimately responsible when processing personal data. However, data processors which breach their contractual obligations may be liable for damages to the data controller.
06/26/2019
Northern Trust partners with Confluence to deliver financial and regulatory reporting solutions
This is the start of a strong partnership and we look forward to working with Northern Trust to deliver first-class products and services.”
06/25/2019
FATF 'will not allow cryptocurrency to replace secret numbered accounts'
Finance ministers and Central Bank Governors at the G20 meeting in Japan welcomed the FATF's guidance, which they had themselves demanded last year.
06/25/2019
DFSA’s role in supporting global FinTech innovation highlighted in the first GFiN Report
Titled “GFiN – One Year On”, the report details the GFiN’s many activities over the past year, the challenges it has faced, achievements, and its ambitions for the future.
06/25/2019
Malta to Register All Property Rental Contracts on Blockchain
Malta has established itself as a blockchain and digital currency-friendly country, and has become known as a “blockchain island.”
06/25/2019
Estonia’s oldest bank chooses Token & Icefire for PSD2 compliance
TBB is the oldest commercial bank operating in Estonia.
06/25/2019
Big Tech Companies Are Becoming Big Banks So a Global Regulator Wants New Rules
The paper suggests a “new regulatory compass” for big tech’s future finance endeavors, and even discusses data regulation.
06/24/2019
Central Bankers From Britain, France And Germany Want Scrutiny on Facebook For Libra Cryptocurrency
Global central bankers have so far largely refrained from regulating digital currencies, having failed last year to reach an agreement on how to do so and concluding they were too small to pose a risk to the financial system.
06/24/2019
Big tech in finance: opportunities and risks
The role of big techs in finance raises issues that go beyond traditional financial risks, according to the BIS.
06/21/2019
Addepar Inks Reseller Partnership With Mirador
The West Coast fintech firm will be resold to wealth management firms and UHNW family offices with customized analytics and reporting
06/21/2019
Ripple Announces Strategic Partnership with Money Transfer Giant, MoneyGram
The partnership with Ripple will focus on the xRapid product, a solution for on-demand liquidity, which reduces reliance on pre-funding by enabling money to be sent from one currency and instantly settled in the destination currency.
06/21/2019
CAIS Enhances Platform Experience with Integration Partner PCR
Timely, Detailed Reporting Process Streamlines Advisor and Fund Manager Workflow
06/21/2019
New Zealand: Proposal for digital services tax outlined
The key proposition is the introduction of a DST in New Zealand if there is insufficient progress made by the OECD in 2019 to come to a global solution to the problem of taxing the digital economy.
06/21/2019
US wants Swedish crypto scammer extradited, sentenced for fraud
Each share could be purchased for only $98 with a potential $45,000 payout. This did not end up being the case.