Managers of Wealth Fintech

FCA to use data to predict fraud

Mr Gruppetta said using algorithms and machine learning to hunt out anomalies that could lead to discovering crime was an increasingly important part of the FCA’s toolkit.

Cayman’s Data Protection Law in force from September 2019 - Appleby

The DPL will regulate the future processing of all personal data in the Cayman Islands.

Japan and France sign fintech pact

These cooperation frameworks also include referral mechanisms for financial innovators which will therefore facilitate their entry into French or Japanese markets.

Blockchain Investment Funds: A Cayman Perspective by Gaela Fitzgibbons

The flexible legal framework in Cayman means that fund vehicle can be tailored to meet onshore tax requirements

Australian businesses eager to avoid fintech legal risks, Baker McKenzie finds

The study found that the sector is more confident now in the transformative powers of AI than in 2016, Baker McKenzie said.

IMF chief pushes for central banks to issue digital currency

That would mean better security and consumer protection, she says

Regtech will monitor the blockchain and internet trading market: SAFE's Lu Lei

Lu Lei, earler, pointed out that the emergence and development of fintech has made our financial industry also a regulatory department, under great pressure, impact and challenge.

Innovate Finance and Singapore FinTech Association sign MoU

This agreement is representative of Innovate Finance’s continued support for both business and regulatory alignment between international FinTech Hubs.

Astana Financial Services Authority, Astana International Financial Centre Authority and Monetary Authority of Singapore sign Co-operation Agreement to boost fintech ties

The Cooperation Agreement was signed by Mr Mukhtar Bubeyev, Acting Chief Executive Officer of the AFSA, Mr Nurlan Kussainov, Chief Executive Officer of the AIFCA, and Mr Sopnendu Mohanty, Chief FinTech Officer of MAS.

MAS introduces new FEAT Principles to promote responsible use of AI and data analytics

The Committee is co-chaired by MAS Chief Data Officer, Dr David Hardoon, and Mr Hsieh Fu Hua, Co-Founder and Advisor, PrimePartners.

EU regulators monitor big tech’s financial services foray

Move welcomed by bankers who complain of uneven playing field

Saxo Bank: regtech is key to scalability in financial services

The latter, Blaafalk noted, could work from a compliance point of view but the costs will inevitably pile up and create a gridlock for any global organisation.

How to combine RegTech with data mining technologies

Considering the impact on organisations, early adopters of RegTech combined with data mining technologies can gain a competitive advantage.

Asia Jumping onto the Regtech Bandwagon

Partner, Digital Technology & Operations and Finance & Risk Practice at Oliver Wyman

Expats hit by China’s new individual income tax law

The new law states that the minimum threshold for personal income tax exemption will be raised from 3,500 yuan ($513) to 5,000 yuan per month or 60,000 yuan per year.

HSBC bank confirms US data breach

HSBC has said some of its US customers' bank accounts were hacked in October.

Digital services tax: consultation

The consultation seeks views on the detailed design, implementation and administration of the DST.

Second-Largest US Bank Wins Patent for Crypto Storage System

Such a product is certain to find a gracious market in quick order, and that they have a patent on the idea means they might for an extended period be the only game in town — if they commercialize it.

John Berryhill explains why moving to an offshore registrar is not always a good idea

Where a TOS refers to the “applicable law”, it is a good idea to find out what that applicable law may be.

SFC sets out new regulatory approach for virtual assets

The SFC is closely monitoring the development of virtual assets and may issue further guidance where appropriate.

Legal,Regulation,Tax & Compliance