09/06/2023
Regulator sues Westpac over financial hardship notice response delays
All of these customers told Westpac they were experiencing financial hardship.
Legal,Regulation,Tax & Compliance
09/05/2023
Incumbent banks ramp up in-office requirements
Banks are starting to monitor employee office attendance, with Citi cutting bonuses for staff that fall below three days a week
09/01/2023
Rho acquires fundraising and banking platform Capital in undisclosed deal
Rho, a B2B all-in-one financial platform that allows organisations to bank on, acquired Capital, a fundraising and banking platform for an undisclosed amount
09/01/2023
LC Financial Holdings completes BCM Global acquisition
Established in 1998, LC Financial Holdings comprises LCM Partners, one of Europe's leading alternative credit investment managers
09/01/2023
SEBA Hong Kong Makes Strides Towards Official Crypto Licence with Regulatory Nod
Amy Yu, CEO APAC, at SEBA Hong Kong, said the approval-in-principle signifies that all its efforts are heading in the right direction.
09/01/2023
UK Regulation Urged as New Research Exposes Concerns in BNPL Trends
While the study confirms the convenience factor that BNPL offers, with 82 per cent finding it easy to understand and 76 per cent deeming it easy to manage and pay off, the darker side of this trend cannot be overlooked.
08/31/2023
Visa and Mastercard plan credit card fee increases
In March, a US federal appeals court upheld a $5.6 billion antitrust class-action settlement
08/31/2023
Orion Signs License Agreement with Temenos to Expand Market Reach in Ireland, Bulgaria, Hungary and Slovakia
Financial institutions will benefit from Temenos’ world-class banking platform and Orion’s regional expertise to offer Country Model Bank functionality in these countries
08/30/2023
Goldman Sachs to wave goodbye to GreenSky as proposed sale enters final stages
Goldman Sachs’ journey with GreenSky began back in September 2021
08/29/2023
Maybank and Broadridge team on securities borrowing tech
The platform's ability to interface with downstream systems enables automation and straight-through processing
08/28/2023
US Treasury sets out crypto tax reporting proposal
The form, covering information such as customers’ capital gains and losses, would be sent to both customers and the IRS.
08/25/2023
SmartSearch Reveals Worrying Trend as Challenger Banks Display Lack of Commitment to Compliance
SmartSearch has revealed concerns that challenger banks could receive substantial fines and significant reputational damage associated with Anti-Money Laundering (AML) breaches.
08/25/2023
Modulus files new order type patent for its white label futures exchange
The Modulus futures exchange made international news previously as the technology upon which FTX built their exchange empire.
08/24/2023
A&O advises the HKMA on legal and regulatory considerations for tokenisation of bonds in Hong Kong
This contribution marks another milestone in the exploration and promotion of wider adoption of bond tokenisation in Hong Kong.
08/23/2023
Big tech to face full force of new EU law
The landmark law is part of the EU's legal arsenal deployed to bring tech companies to heel
08/22/2023
SS&C Signs Definitive Agreement to Acquire Iress' Managed Funds Administration Business
Acquisition strengthens SS&C Global Investor & Distribution Solutions offering in Australia
08/22/2023
SEC charges fintech investment adviser with violating marketing rule
In the first case involving the SEC's amended marketing rule, Tian has agreed to pay over $1 million to settle the charges, without admitting or denying the findings.
08/21/2023
New Saudi ‘insurtech’ rules will help ‘foster innovation’
The Kingdom’s fintech sector sees no sign of slowing up
08/18/2023
Mastercard launches CBDC partner programme
Their efforts include Fluency’s work to build interoperability among different CBDCs
08/18/2023
Netwealth targeted by scammers in clone attack
The FCA warned that this firm is not authorised but has been contacting people pretending to be an authorised firm.