03/15/2019
Switzerland: FINMA Adjusts Sandbox, Fintech Licenses
FINMA said that companies with a Fintech licensee will benefit in particular from less extensive auditing.
Legal,Regulation,Tax & Compliance
03/14/2019
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.
03/14/2019
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.
03/14/2019
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.
03/13/2019
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
03/13/2019
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.
03/11/2019
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
03/10/2019
The World Bank selects SimCorp Dimension
The World Bank Group has two goals that drive its work in developing countries.
03/08/2019
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.
03/08/2019
MAS Enhances Guidelines on Technology Risk, Business Continuity
MAS proposes to expand the TRM Guidelines to include guidance on effective cyber surveillance
03/07/2019
Jersey OIC reports drop in data breaches and complaints
In the legal sector, the figures for those periods were 10 and two respectively.
03/05/2019
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
03/05/2019
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
03/05/2019
Bahrain signs MoU with Maharashtra government to promote fintech
Central Bank of Bahrain has put in the right ecosystem to support growth and innovation.
03/05/2019
Saxo launches fully digital access to Chinese bonds
The addition of Chinese bonds to Saxo Bank’s global multi-asset offering strengthens Saxo’s position as a gateway to China for international investors
03/05/2019
Central Bank of The Bahamas selects digital currency provider
The regulatory framework will include safeguards to satisfy Exchange Control Regulation
03/05/2019
SEI submits Master Trust authorisation to TPR
Steve Charlton, Managing Director of Defined Contribution, EMEA and Asia for SEI’s UK Institutional Group, says: “The defined contribution landscape and pensions saving environment have changed significantly in recent years."
03/04/2019
Saxo Bank Provides Easy Access To Mainland Chinese Bonds
Saxo Bank offers full digital access to mainland China bonds via a simple «click to trade» functionality, a first in the market.
03/01/2019
Guernsey: Why Is It A Centre Of Fintech Excellence?
The global growth in FinTech has been rapid and the sector is predicted to continue this strong pattern of growth.
02/28/2019
Mauritius Government prioritises regulation of technology sector
The FSC considers Cryptocurrencies as being a sub-category of Digital Assets.