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.
Legal,Regulation,Tax & Compliance
11/10/2022
Bondstream secures first Finra-authorised client
Bondstream will provide a white label capability for all the products Xion brings to market, including those using other distribution networks.
11/10/2022
Finastra and Modefin partner to provide best-in-class fintech solutions for banks in Africa and selected Indian subcontinent markets
Partnership will help banks accelerate growth with market-leading trade and supply chain finance, core banking and digital delivery solutions
11/09/2022
DFSA unveils new crypto token regime for DIFC
Authorised persons will be able to carry out services related to crypto tokens
11/09/2022
Binance-FTX: Antitrust Rules Broken?
In the case of the Binance-FTX agreement, market watchers noted that Zhao’s tweet may have reflected anti-competitive behavior as he said that the firm would protect users after FTX had asked for help.
11/08/2022
Four charged over roles in $295m global crypto Ponzi scheme
Investors were told they would receive minimum returns of 0.35% daily
11/08/2022
Cayman Islands advances on digital ID plan as cabinet okays draft bill
He said the draft legislations will not only bring innovation to business transactions, but will also facilitate the way Caymanians access public services both with government and private business entities.
11/07/2022
HashKey Capital Secures In-Principle Approval CMS License
The company was also granted an uplift of its Type 9 licence for asset management in Hong Kong in September, enabling the company to manage a portfolio of 100% virtual assets.
11/07/2022
Fintech Galaxy lands TPP licence from Central Bank of Bahrain
Financial institutions and merchants will be able to access a holistic view of a customer’s financial footprint
11/04/2022
Open Finance platform Fintech Galaxy scores Central Bank of Bahrain license
The MENA Open Banking market is anticipated to grow with an average CAGR of 25% to reach $1.17Bn by 2027
11/04/2022
MAS targets cross-border connectivity in wholesale CBDCs
MAS is studying possible mechanisms to maintain connectivity across CBDC and other heterogenous digital currency networks.
11/03/2022
Withers tech advises as climate fund ETF Partners leads on £10 million Series A investment
Withers tech is the technology, life sciences and venture capital focused team at international law firm Withers.
11/03/2022
Hampleton Partners Advises on Sales of Omnio Edge To IBM
Omnio Edge will become part of IBM's Sustainability Software portfolio
11/03/2022
FE fundiinfo expands European ESG data provision
The collaboration will give MSCI’s ESG and Climate clients the ability to pair FE fundinfo’s whole of market EET data
11/03/2022
Fintech layoffs continue with digital bank Chime cutting 12% of staff
First Chime had to stop calling itself a bank, now it has to axe 12% of its staff.
11/02/2022
Credit Karma freezes hiring amid “revenue challenges”
One of fintech’s unicorn successes, bought by Intuit two years ago, has paused hiring.
11/02/2022
Key financial crime and anti-money laundering risk areas for businesses revealed
The report comes as the International Compliance Association warns that financial crime now accounts for 3.6% of global GDP as criminals acquire more sophisticated means of laundering money and financing terrorism.
11/02/2022
MAS grants payments institution licence to Paxos
Paxos is now able to offer its leading digital asset and blockchain products and services
11/02/2022
Target Group Makes a NICE Selection for Fraud, AML and KYC Solutions
The AML Essentials solution will be used to monitor suspicious activity while supporting customer due diligence and watchlist screening capabilities.
11/02/2022
Singapore moves to digitalise bankers' guarantees and insurance bonds
It was jointly developed with the Association of Banks in Singapore (ABS) [1] and in consultation with the General Insurance Association of Singapore (GIA).