Managers of Wealth Fintech

European parliament votes through Aritifical Intelligence Act

The regulation, agreed in negotiations with member states in December 2023, was endorsed by MEPs with 523 votes in favour, 46 against and 49 abstentions.

FCA updates position on cryptoasset Exchange Traded Notes for professional investors

Exchanges will need to continue to make sure sufficient controls are in place, so trading is orderly and proper protection is afforded to professional investors.

Crackdown on unlicensed companies cuts digital creditors in Kenya to 51

This stringent vetting process follows the need to address borrower concerns, such as unethical loan collection techniques.

Griffin raises $24m as it trumpets a fully fledged banking licence

The extra capital is needed to support its focus on becoming a fully regulated bank

BofE plans cloud-based data platform and AI pilots

An AI taskforce will oversee testing for a set of tightly-defined use cases in different parts of the business.

UniCredit hit with £2.3 million fine for data breach

In 2019, UniCredit uncovered another data breach that affected the personal records of more than three million customers.

Apple fined €1.8bn by EU for breaking streaming rules

Competition commissioner Margrethe Vestager said Apple abused its dominant position in the market for a decade.

Cayman Islands Opens Doors for Comments on Proposed VASP Amendments

The Cayman Islands is the world’s largest investment fund domicile after the United States and one of the most popular locations for funds with digital asset strategies.

Cayman Finance praises ground-breaking use of GitHub for consultation on proposed changes to virtual asset legislation

The Cayman Islands is the world’s largest investment fund domicile after the United States and one of the most popular locations for funds with digital asset strategies.

Irish central bank outlines new payments strategy as country lags behind rest of Europe

To overcome resistance, the Central bank has proposed four high-level priorities through to the end of 2030.

Uncapped implements Yapily's open banking kit

The shift to Yapily was a strategic move by Uncapped to embrace a more advanced technological infrastructure and proactive problem-solving capabilities.

European Commission closes four Digital Markets Act investigations, separate investigation continues in Germany

While this is positive news for gatekeepers, there has been some criticism by stakeholders in response to the Commission’s decisions.

ECB officials liken crypto regulation to providing new clothes for a 'naked emperor'

In the mid-2010s, the hope that bitcoin's value would inevitably rise to ever new heights began to dominate the narrative.

ECB sets new standards for bank board expertise on digital security risks

The policy outlines specific expectations for members of the management body and internal control functions

Due diligence fintech spektr launches

With the spektr-platform, we can make ongoing due diligence an efficient function with commercial value for companies rather than being a costly expense.

Mitek launches MiControl to revolutionize check fraud detection for financial institutions

The product’s visual dashboard offers an intuitive interface for fraud analysts, facilitating quick and accurate fraud detection decisions.

Novia Global Lands in UAE Receiving Licence from DFSA

Dubai’s economic and investment landscape are impossible to ignore.

Viva Wallet acquisition turns sour for JPMorgan as lawsuits filed

Under the terms of JPMorgan’s investment in Viva, the bank can take full control of the fintech if its value is below €5bn in June 2025.

US sanctions firms for providing tech to Central Bank of Iran

Among the technology acquired by CBI from American firms were some classified as information security items subject to national security and anti-terrorism controls by the US.

Temenos AG Embroiled in Financial Manipulation Allegations: A Battle for Trust and Transparency in Fintech

In the heart of Switzerland's financial technology sector, a storm has erupted that has sent shockwaves through the market.

Legal,Regulation,Tax & Compliance