12/05/2022
EU agrees new rules on online credit
The legislation will cover credit agreements of up to €100,000.
Legal,Regulation,Tax & Compliance
12/02/2022
Fintechs savaged over Covid loan fraud
Similar investigations in the UK found that £1.1 billion of loans in the Bounce Back Loan scheme were suspected to be fraudulent.
11/30/2022
Meta GDPR fine levied over data protection by design and default
The enforcement action taken by the Data Protection Commission (DPC) also includes an order for Meta to bring its personal data processing into compliance with the requirements.
11/30/2022
NIS2 cyber laws approved by EU legislators
The NIS2 is likely to have effect in national legislation across the EU by early October 2024 at the latest.
11/30/2022
Australian banking system cushioned for imminent climate change-related risks - regulator
The study predicted bank losses could be higher from lending to sectors that more exposed to risks associated with transition to a lower emission economy, such as mining, manufacturing and transport.
11/28/2022
Cloud gaming and mobile browsers market investigation opened in the UK
Market investigations generally must be completed within 18 months
11/28/2022
Singapore Fintech Association Appoints Experian to Operate Its BNPL Bureau
The code of conduct was launched by the BNPL Working Group
11/28/2022
Polish regulator takes aim at PayPal
UOKiK says that prohibited activities have been described "imprecisely".
11/25/2022
EBA publishes guidelines on remote customer onboarding
The Guidelines apply to all credit and financial institutions that are within the scope of the Anti-money Laundering Directive (AMLD).
11/24/2022
Securities Commission Statement on Transfer Motion In FTX Digital Markets Chapter 15 Proceedings
FDM was incorporated in the Commonwealth of The Bahamas on 22 July 2021; it was duly registered as a digital asset business under The Bahamas’ Digital Assets and Registered Exchanges Act, 2020.
11/23/2022
Estonian men arrested over $575m crypto fraud
US Attorney Nick Brown for the Western District of Washington says: "These defendants capitalised on both the allure of cryptocurrency, and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme."
11/23/2022
C5 Alliance achieves four new Microsoft Partner designations
To achieve these designations, C5 Alliance have proven their ability in performance, skills, and customer success in the various Microsoft Cloud solutions areas.
11/21/2022
ECB joins European data and cloud network initiative
This will support the digital transformation of the economy and is in line with the European Commission’s digital strategy.
11/21/2022
Court Filing Unveils Multi-Billion Dollar FTX Liabilities
A hearing for FTX’s first-day motions is scheduled for next Tuesday before a U.S. bankruptcy judge.
11/17/2022
Former PayPal CEO Harris shuts down latest startup weeks after launch
Based in Miami, the startup has at least 50 employees
11/17/2022
Irish government finalises terms and conditions for offshore wind auctions
Generators are likely to welcome the extension of the period of support from 15 years to 20 years.
11/16/2022
Asante announces partnership with Edgility, Inc.
Industry leaders collaborate on AI-enabled workflow and throughput transformation.
11/15/2022
Why scrapping the 90-day rule is a big step forward for open banking
Outlining its proposed amendments to the rule in November 2021, the FCA revealed that some TPPs experienced significant customer attrition rates of around 20-40% at the 90-day mark when customers had to re-authorise access to their accounts.
11/14/2022
Asean central banks sign payments co-operation pact
The RPC is expected to be a significant contributor to accelerating regional economic recovery and promoting inclusive growth.
11/11/2022
Fintech Railsr planning 16% job cuts, sale of Singaporean business
The UK-based fintech Railsr is under pressure to cut costs despite a recent fundraise.