08/04/2023
Payoneer acquires data platform Spott
Spott’s technology will enable Payoneer to better understand and serve customers
Legal,Regulation,Tax & Compliance
08/04/2023
Fintechs boost savings rates after Bank of England hikes interest rates again
Monzo, Starling, Zopa and Chase have all increased their rates to pass on savings to customers.
08/04/2023
Revolut suspends US crypto services
UK-based Revolut introduced the ability to buy, sell and hold crypto in the US in 2020
08/04/2023
CBDC benefits found in Digital Dollar Project’s pilot study
The study found that CBDCs could benefit the unbanked and underbanked by being faster and more accessible and transferrable, and reduce the amount of failed transactions.
08/02/2023
Conyers advises AdvancedAdvT Limited on its acquisition of five software businesses from Capita plc.
Partner Rachael Pape and Associate Nina Goodman of Conyers’ BVI office advised on the transaction, working alongside Cooley (UK) LLP.
08/02/2023
Finmo obtains Major Payment Institution (MPI) licence in Singapore
This license marks Finmo’s official entry into the Singapore market
08/01/2023
Standard Chartered PLC and Ant Group strengthen their partnership to promote global sustainable development
In addition, the two parties have also successfully cooperated in digital innovation of global fund management, as well as in proliferating inclusive finance for SMEs.
07/31/2023
Singapore to kill off corporate cheques in 2025
This has led to an increase in the cost of processing each cheque.
07/27/2023
Latham & Watkins Advises PSG in Strategic Growth Investment in 4me
Cross-border team represents the growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth
07/27/2023
Agile ESG reporting software key in evolving regulatory landscape
Meanwhile, in the absence of a global framework, corporations are increasingly reporting in alignment with various voluntary reporting standards.
07/24/2023
Cayman Islands exceed annual revenue target in six months
This means the level of revenue anticipated for the full year has already been collected within the first 6 months.
07/24/2023
Crowdcube partners with SeedLegals to boost EIS investment
rowdcube is working on a number of new product integrations to make it easier for founders to raise cash from retail investors.
07/24/2023
Treasury set to shelve BNPL regulations
The consultation also suggested section 75 of the Consumer Credit Act should apply, making BNPL providers jointly liable for the contract with the retailer in the same way that credit card providers are.
07/22/2023
PayPoint faces law suit from energy charity
This led PayPoint to make a £12.5m donation to Ofgem's voluntary redress fund and to voluntary agree to remove the clauses in question.
07/21/2023
Identity Verification Firm Sumsub to Establish APAC HQ in Singapore
The Asia-Pacific region is one of our top priorities in terms of global expansion.
07/21/2023
Quantuma advises Clausematch on Corlytics acquisition
Through the combined products, our clients will be able to show to the regulator how a regulatory change is assessed, implemented and communicated internally
07/20/2023
Flywire Singapore Gets MAS Approval for Payment License
With the license, Flywire can continue to extend its merchant acquisition, domestic money transfer and cross-border money transfer services to its customers in Singapore.
07/20/2023
Germany’s BaFin provides updated order on the prevention of money laundering at N26
In October 2021, BaFin sanctioned the bank with a €4.25 million fine for money laundering failures.
07/19/2023
Encompass unveils whitepaper to guide banks towards pKYC transformation
The whitepaper was authored by Encompass’s KYC Transformation Director Howard Wimpory and Global Head of Industry and Regulatory Affairs, Dr Henry Balani.
07/19/2023
Atlanta-based fintech Greenwood in lawsuit over failed acquisition payments
After acquiring The Gathering Spot in 2022, Greenwood, an Atlanta-based fintech, is facing allegations of fraud and missed payments. They’re countersuing.