Managers of Wealth Fintech

NPCI cuts off hundreds of banks over IT vendor ransomware attack

Connectivity was reestablished the following day following a review by an independent forensic auditing firm

NCA shuts down Scam-as-a-Service platform

Of those who reported to Action Fraud, the average loss is over £9,400.

Central Bank Governor: Global IT outage shouldn’t derail digitization efforts

One of the things the experience did not fully draw out but is on our radar as the Central Bank is that we need to strengthen the domestic payment system capacity

SEC likely still believes SOL is a security, say crypto execs

Many crypto observers may be “overreading” the security regulator’s latest filing for its Binance lawsuit, meaning Solana and other tokens may not be off the hook yet.

EU banks subject to new rules on digital asset holdings

Among the changes included in the reforms was an increase in the minimum capital requirements for banks

Keyless co-founder Fabian Eberle discusses privacy-preserving biometrics

The compliance benefits of its advanced biometric system, and how the demands of the industry are set to evolve as fraudsters grow more devious by the day.

Ireland’s An Post joins forces with Safecypher to combat CNP payment fraud

Safecypher looks to address CNP fraud by enhancing CVV protection.

Cyan Regulatory Announce Beacon, A Revolutionary RegTech Product

There are a growing number of compliance platforms becoming available as RegTech becomes more accepted

US regulators seek info on bank-fintech relationships

Separately, the regulators note that some banks have teamed up with third parties to deliver deposit products and services, such as checking and savings accounts.

UK embedded finance provider Weavr lands EMI licence in Malta

Weavr says it will lean into its partnership with Visa, which has been in motion since June last year, to deliver “several of these financial products”.

Irish data protection commission highlights GDPR risks in developing and using AI

The guidance provides a high level, easy to follow summary of AI tools in the market and outlines the risks and considerations in using AI for individuals, organisations and product designers, developers and providers.

Dechert Advises 21Shares on Launch of Inaugural Ethereum ETP

CETH allows investors the ability to gain exposure to Ether through their existing bank or brokerage rather than by holding Ether directly.

Revolut finally wins UK banking licence

Revolut now enters the ‘mobilisation’ stage, sometimes referred to as ‘Authorisation with Restrictions’, a common step for many new banks in the United Kingdom.

FSB: Emerging markets face regulatory challenges from stablecoin circulation

Stablecoins also present concerns related to financial integrity, illicit finance, data privacy, cyber-security, consumer and investor protections, market integrity, fiscal stability, and macroeconomic stability.

UK paytech RC365 acquires Money Lenders Licence to provide digital lending services in Hong Kong

“A key element of our growth strategy is the expansion into virtual banking, and this licence represents important progress towards achieving that goal,” Law adds.

Essential guide to the EU Artificial Intelligence Act and what it means for Guernsey

The regulation of high risk / unacceptable risk AI systems is to be welcomed to the extent that it safeguards the consumer and leads to greater transparency concerning its use.

FCA lifts partner onboarding restrictions on UK fintech Modulr

This development means that Modulr can once again enlist A&D partners to issue electronic money on its behalf to expand the reach of its payment services.

Warning after firms caught by bank scam

The authority said islanders should be "particularly cautious" of scammers trying to trick people using the the worldwide IT outage as part of their cover story.

HKMA unveils latest additions to stablecoin issuer sandbox

The regulator goes on to clarify that participants are “expected to comply with the sandbox requirements”

Bitzlato founder won’t get more jail over $700M dark web clearing house

The judge said the 18 months Anatoly Legkodymoc had already served in Brooklyn’s “terrible” MDC was enough punishment.

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