Managers of Wealth Fintech

Asante announces partnership with Edgility, Inc.

Industry leaders collaborate on AI-enabled workflow and throughput transformation.

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.

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.

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.

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.

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

DFSA unveils new crypto token regime for DIFC

Authorised persons will be able to carry out services related to crypto tokens

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.

Four charged over roles in $295m global crypto Ponzi scheme

Investors were told they would receive minimum returns of 0.35% daily

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.

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.

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

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

MAS targets cross-border connectivity in wholesale CBDCs

MAS is studying possible mechanisms to maintain connectivity across CBDC and other heterogenous digital currency networks.

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.

Hampleton Partners Advises on Sales of Omnio Edge To IBM

Omnio Edge will become part of IBM's Sustainability Software portfolio

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

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.

Credit Karma freezes hiring amid “revenue challenges”

One of fintech’s unicorn successes, bought by Intuit two years ago, has paused hiring.

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.

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