09/27/2022
Microsoft Strengthens its Partnership with the African Development Bank
Though 10 to 12 million youth join the continent’s workforce every year, just over 3 million jobs are created, meaning large numbers of people remain unemployed.
Legal,Regulation,Tax & Compliance
09/23/2022
European Central Bank Turns to Amazon, CaixaBank and Others to Test Digital Euro
These firms were chosen from a pool of 54 front-end providers who applied to become a part of the process.
09/23/2022
Capchase and Sastrify announce partnership
This program will enable Sastrify's customers to extend their runways, cutting their SaaS and cloud costs by up to 30% in their yearly licenses
09/23/2022
IQ-EQ partners with Allvue Systems to enhance private debt offering
Through this partnership, announced by Allvue yesterday, Allvue’s clients will have the option to leverage IQ-EQ’s back office servicing and capital markets advisory offering.
09/21/2022
Sardine raises $51.5m for fintech fraud platform
Faster payments means faster fraud.
09/19/2022
White House sets out digital asset framework
The Treasury will complete an illicit finance risk assessment on decentralised finance by the end of February 2023 and an assessment on non-fungible tokens by July 2023.
09/19/2022
Exclusive: TrueLayer announces job cuts of up to 10% of staff
Around 40 roles are likely to be impacted after CEO Francesco Simoneschi revealed “challenging market conditions” had prompted the decision.
09/16/2022
CFPB ready to regulate BNPL
Now, the bureau's director Rohit Chopra has laid out plans to bring the sector under supervision.
09/16/2022
Former Starling exec wins unfair treatment claim
The employee was fired in March 2020 and has won two of five claims against the digital bank.
09/16/2022
Linedata and Liquid Mercury partner on crypto asset solution
Our customers will benefit extensively from the partnership
09/15/2022
Google cancels half the projects at its internal R&D group Area 120
According to Area 120 lead Elias Roman, the division aims to sharpen its focus to only AI-first projects, as opposed to its earlier mandate to fuel product incubation across all of Google.
09/15/2022
Australian Fintech Taps Israeli Regtech ThetaRay For AML Monitoring Support
By providing full visibility across complex, cross-border transaction paths, SONAR helps protect users against the risk of being exploited for money laundering
09/15/2022
Verto announces new partnership with Africa-focused firm Xente
These organisations will be able to use simple cross-border payment mechanisms in an attempt to boost financial inclusion.
09/15/2022
Danske Bank fined €1,820,000 by Central bank of Ireland for multi-year AML deficiencies
Anti-money laundering and countering the financing of terrorism compliance is, and will remain, a key priority for the Central Bank.
09/14/2022
Central Bank of Egypt selects Acumen.plus
The Central Bank of Egypt (CBE) in Cairo has a total of 4 branches located in 3 cities.
09/13/2022
St. James's Place adopts Napier screening tech
The partnership will upgrade SJP’s client and entity screening capabilities, strengthening and enabling agility within its financial crime compliance function.
09/13/2022
Central bank oversight body sets end of year deadline for cryptoassets framework
The unwinding of public support measures - which were critical in shielding banks from losses over the past two years - places greater importance on the resilience of the banking sector to absorb potential shocks.
09/12/2022
Citi wins appeal over $500m funds transfer gaffe
Citi was midway through a project to replace obsolete software dating from the 1990s when a 'clerical error' resulted in the transfer of the full debt repayment, rather than the interest that was due on the loans.
09/09/2022
SIX Benefiting from Sino-American Audit Debate
Last month American and Chinese officials agreed to allow Chinese accounting firms to share more information with US regulators about the finances of Chinese companies listed on U.S. stock exchanges.
09/09/2022
Cayman Islands: Regulation Of Crypto Exchanges And Other Crypto Services In The Cayman Islands
According to information from the CIMA, 55% of the VASPs registered in Cayman are trading platforms with a daily transaction volume of USD5.1 billion (2 to 3% of total global volumes).