Managers of Wealth Fintech

Understand ransomware payment risks before incidents happen, says expert

Businesses can apply to the OFSI for a licence that enables them to undertake activity that would otherwise constitute a breach of financial sanctions.

ING Under Fire From Fintech Watchdogs For Open Banking ‘Breach’

ING has described its upgrade as “necessary to build a safe and secure open banking experience for its customers”.

Treasury proposals would be a huge change for crypto assets

The Treasury indicates in the paper that it intends the UK regulations to cover overseas firms that are providing services to UK-based customers.

Flutterwave Expands into North Africa After Bagging PSP Licence in Egypt

“This, for us, is the beginning of other strategic wins in the North Africa and Middle East regions.”

Bank of England and Treasury Reveal Digital Pound Plans: Reaction

The Treasury and the Bank of England look to ready a CBDC in response to potential new forms of privately-issued digital money which could impact the UK economy.

English Court of Appeal to hear trailblazer case over fiduciary duty of bitcoin developers

The eventual ruling in the case will clarify serious issues in a developing area, potentially create another avenue of redress for victims of crypto fraud and may well divide the international crypto community, legal experts have said.

Iress powers pricing and trading data APIs for Centroid Solutions

The collaboration means Centroid’s online broker clients can gain real-time market data from global markets, integrated into their trading platforms in a fast, efficient and cost-effective way, via Iress.

FNZ to acquire ifsam to strengthen global client proposition for asset managers and distributors

Ifsam serves as a leading business-to-business (B2B) fund platform that supports the efficient trading of funds, leveraging its direct relationships with around 300 fund management companies

BIS boss says Big Tech financial rules are "not fit for purpose"

He argues that Big Tech mastery of user data coupled with their size and customer reach could trigger rapid change in the financial services industry, leaving established banks at a competitive disadvantage.

PC maker Dell to lay off 6,650 employees

The move aims to help the company to align its investments with its strategic and customer priorities

SEC WhatsApp crackdown expands to hedge funds

The move is facing resistance from the sector, with trade groups writing to SEC chair Gary Gensler raising "serious privacy implications," around exposure of health and financial information, says Bloomberg.

Moneyhub responds to FCA's Pension Dashboard proposals

Moneyhub has also called for a greater emphasis on taking action as part of its response.

SBF-Owned Emergent Fidelity Technologies Filed for Bankruptcy

The only other sizable asset owned by Emergent Fidelity Technologies was US$ 20.7 million in cash.

Digital Services Act ‘active recipients’ guidance fails to illuminate

In its new guidance, the Commission confirmed that online platforms do not need to notify the information on the average monthly active recipients to it unless asked to do so under Article 24(3).

Seon acquires AML specialist Complytron

Crucially, the platform will be able to discover hidden, risky relationships on behalf of clients by assessing not only customers, but the people they’re connected to.

Van Lanschot Kempen enters into strategic partnership with Robeco and acquires online investment platform

The online distribution platform for investment services of Robeco Retail will merge with Evi van Lanschot.

FIS makes 2600 job cuts

The strategic review is ongoing as Ferris bids to find at least $500 million in cost savings over the coming quarters.

Judge dismisses class-action suit against Coinbase

The suit sought damages from the sale of the digital assets, arguing that these were illegal contracts because Coinbase is not registered with the SEC.

PayPal to lay off 2000 staff; SoFi and Upstart terminate employees

The staff cuts will take place over the coming weeks, with some departments impacted more than others.

Revolut plans 1700-person hiring spree

Neo banking challenger is one of the few fintech ‘decacorns’ to continue to hire amid wider layoffs in the tech sector.

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