Managers of Wealth Fintech

BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

The system’s capabilities were demonstrated through two practical use cases.

Australia Central Bank Unveils 3-Year Digital Money Plan

The RBA, in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), completed in August 2023 a joint research project on CBDC.

Norway's cashless economy drive halted by new cash payment rules

The Government is pleding enforcement of fines against businesses that "willfully or negligently violate the rules".

CFPB faces lawsuit over new open banking rules in bank pushback

The Bank Policy Institute and Kentucky Bankers Association have filed a lawsuit against the Consumer Financial Protection Bureau, alleging that the regulatory agency overstepped its authority on the release of new open banking rules

Bank of Ireland warns businesses of new 'live chat' scam

Fraudsters are calling customers pretending to be from Bank of Ireland

RBA consults on card scheme fees and surcharging

The Reserve Bank of Australia (RBA) is commencing its Review into Retail Payments Regulation.

UK Government consults on new rules for buy now, pay later products

The new rules will allow the FCA to demand checks on affordability so that BNPL firms will have to ensure that shoppers are able to afford repayments before offering a loan.

Insurance Amendment Bill Passed Amid Concerns Over Allianz-Income Deal

Minister for Transport and Second Minister for Finance, Chee Hong Tat, introduced the bill on behalf of Deputy Prime Minister Gan Kim Yong.

Sahm Capital Becomes the First Fintech-Driven Financial Company Granted Full Licenses by the CMA

Founded in 2022, Sahm Capital has quickly established itself as a trailblazer in the financial service industry.

Cryptocurrencies and digital assets holding strategies – tax considerations in Luxembourg

Cryptocurrencies introduce new concepts that challenge traditional tax norms.

Bermuda Monetary Authority initiates consultation on proposed changes to Bermuda’s digital asset business regime

The proposed amendments aim to enhance the BMA’s administrative, rule-making and enforcement powers, refine definitions used in the Act and amend annual reporting requirements.

Carey Olsen advises Gate.io on launch of cryptocurrency venture capital fund

Carey Olsen additionally advised on the formation and registration of the Fund's investment manager as an approved manager under the laws of the BVI.

Dubai launches dedicated IP hub to help drive innovative technology

Launched by the Dubai Future Foundation and the UAE Ministry of Economy, the DIPH aims to foster innovation in the region.

Warburg Pincus snaps up minority stake in Brazil’s Contabilizei for $125m

Following the deal, Warburg Pincus now has a portfolio of 11 Brazilian companies

Revolut to offer free remittances in Colombia, seeks banking license

The London-based company, which recently obtained a U.K. banking license and is valued at $45 billion, expects the approval process to take under two years.

Crypto.com sues SEC after receiving Wells notice

Separately, the company's Derivatives North America unit has filed a petition with the SEC and Commodities Futures Trading Commission seeking to confirm by joint interpretation

EU legitimate interests ruling could hurt AI development, warns expert

In this respect, the CJEU said that a relevant factor will be whether data subjects can be said to reasonably expect such processing.

Maybank Partners with Bank of Hangzhou to Enhance Digital Innovation

The collaboration was formalized following the recent signing of a Letter of Intent (LOI) by Kuala Lumpur City Hall

FinTech tops MENA’s total funding of $328m in September 2024

FinTech, eCommerce, and property technology (PropTech) remain top sectors for investors in the UAE.

Irish regtech Corlytics expands US operations

This strategic move underscores the company's commitment to North America, its most crucial market.

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