Managers of Wealth Fintech

BitGo secures EU crypto custody licence

“As a global leader in digital asset infrastructure, regulatory compliance is at the core of our business,” said Harald Patt, managing director of BitGo Europe GmbH.

NymCard secures Open Finance license in UAE

Unlike providers focused solely on connectivity, NymCard provides complete financial products through a single integration.

Capgemini launches perpetual KYC sandbox

French IT services and consulting company Capgemini is claiming an industry-first after releasing its perpetual KYC (pKYC) sandbox.

Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case

Mashinsky’s sentencing follows a $4.7 billion FTC settlement with Celsius Network.

Ghana plans to regulate digital assets with new legislation

The Bank of Ghana intends to create a digital asset unit after parliament passes the Virtual Asset Providers Act.

FCA seeks feedback on regulation of cryptoasset trading platforms in next phase of road to regulation

With more people using credit to purchase crypto, the DP also considers whether restrictions should be applied in that area.

Significant increase in data protection breaches reported in Guernsey

Despite the client providing a new e-mail address to be used, the organisation continued sending private correspondence to the hacked account.

FCA issues call to action to MPs over Big Tech and finfluencer roles in financial promotions

Under current laws, social media influencers found guilty of acting illegally face up to two years in prison.

UK Treasury Committee says shops might have to be forced to accept cash in the future

The UK's Treasury Committee has floated the idea of introducing legislation to force shops to accept cash in the future, warning that a lack of action from the Government to tackle declining cash acceptance could lead to a two-tier society with the m

HKMA, Cyberport launches second cohort of GenA.I. Sandbox

This comes amidst positive feedback from the inaugural launch.

First fines issued under EU Digital Markets Act

Meta was fined €200m by the Commission after the regulator considered a previous version of the company’s so-called ‘consent or pay’ model to be non-compliant with the DMA.

FCA to provide live AI testing service for financial firms

The Financial Conduct Authority is to launch a live AI testing service to help firm deploy safe and responsible artifical intelligence models.

Panama City Officially Signs with One of the Biggest Local Banks to Process Tax Payments in Bitcoin

Through this collaboration, the city can now accept crypto payments without requiring new legislation, making the process simpler and more efficient.

Revolut links risky behaviour to staff bonuses

Revolut has had issues with risk and compliance over the years.

US Judge throws out CFPB's cap on credit card late fees

The rule applied to issuers worth more than a million open accounts unless they could prove high fees were needed to cover costs.

Bunq files for US licence

It plans to resubmit later this year but is taking a two-step approach, first targeting a broker-dealer licence.

New York sues DailyPay and MoneyLion over 'illegal loans'

The New York attorney general has sued DailyPay and MoneyLion, accusing the earned wage access providers of charging workers fees that amount to interest rates of up to 750%.

Nate founder charged with fraud over 'AI' shopping app secretly powered by humans

According to the DoJ, it ran out of funds and was forced to sell its assets in early 2023, leaving investors with "near total" losses.

Ofcom to issue guidance to help online platforms better protect women and girls online

Online services in scope of the Online Safety Act were required to have completed their Illegal Content Risk Assessment and Children’s Access Assessment by March 2025

DBS Bank and Bank of China customer records compromised in ransomware attack

Customer data that could have been compromised

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