02/23/2023
SEI Extends 10-year Relationship with Veritas Investment Partners
Extension Reflects Strength of SEI’s Proposition for Private Client Investment Managers
Legal,Regulation,Tax & Compliance
02/22/2023
Mastercard and Visa to face another card interchange class action suit
Businesses with an annual pre-Covid turnover of under £100 million will be automatically included in the claim unless they choose to opt out. Firms with a higher turnover are invited to opt in.
02/20/2023
London-based crypto startup Klink Finance gains EU licence
Klink is building a Prize Linked Wallet, that offers cryptocurrency investors the opportunity to store their funds and earn regular rewards on top of their holdings.
02/17/2023
Terraform and CEO Do Kwon charged with fraud by SEC
The firm has been accused of misleading investors that believed they were investing in digital asset securities including an ‘algorithmic stablecoin’ that was meant to retain the value to the US dollar.
02/16/2023
UK provides legal clarity on issuance of digital securities via blockchain
The Taskforce has previously published legal guidelines on the status of cryptoassets and smart contracts
02/16/2023
Clausematch opens Portugal office, grows team to more than 70 people worldwide
The team of nine employees specializes in engineering and product development. Additional employees plan to join the Lisbon team in the coming months.
02/14/2023
Driverly achieves FCA authorisaton for dynamically priced app based insurance
After a detailed review of its customer-centric processes and corporate governance structure, Driverly received direct authorisation to sell car insurance courtesy of the behavioural data collected from its ground-breaking app.
02/14/2023
UAE Central Bank Launches Programme to Accelerate Digital Transformation
These digital payment initiatives aim to drive financial inclusion, promote payment innovation, security and efficiency, as well as achieve a cashless society.
02/14/2023
Ex-Wirecard chief Braun denies charges in fraud trial
Wirecard was a rising blue chip star before its collapse in 2020 following the discovery of a gaping €1.9 billion hole in its balance sheet.
02/14/2023
FCA and police join forces to crack down on crypto ATMs
Crypto businesses operating in the UK need to be registered with the FCA for anti-money laundering purposes.
02/14/2023
UK Government opens BNPL consultation
A recent report by the personal finance experts at NerdWallet revealed that as many as one in six (15%) UK consumer currently in debt owe money to Buy Now, Pay Later providers such as Klarna or Clearpay.
02/13/2023
Understand ransomware payment risks before incidents happen, says expert
Businesses can apply to the OFSI for a licence that enables them to undertake activity that would otherwise constitute a breach of financial sanctions.
02/10/2023
ING Under Fire From Fintech Watchdogs For Open Banking ‘Breach’
ING has described its upgrade as “necessary to build a safe and secure open banking experience for its customers”.
02/10/2023
Treasury proposals would be a huge change for crypto assets
The Treasury indicates in the paper that it intends the UK regulations to cover overseas firms that are providing services to UK-based customers.
02/09/2023
Flutterwave Expands into North Africa After Bagging PSP Licence in Egypt
“This, for us, is the beginning of other strategic wins in the North Africa and Middle East regions.”
02/09/2023
Bank of England and Treasury Reveal Digital Pound Plans: Reaction
The Treasury and the Bank of England look to ready a CBDC in response to potential new forms of privately-issued digital money which could impact the UK economy.
02/09/2023
English Court of Appeal to hear trailblazer case over fiduciary duty of bitcoin developers
The eventual ruling in the case will clarify serious issues in a developing area, potentially create another avenue of redress for victims of crypto fraud and may well divide the international crypto community, legal experts have said.
02/08/2023
Iress powers pricing and trading data APIs for Centroid Solutions
The collaboration means Centroid’s online broker clients can gain real-time market data from global markets, integrated into their trading platforms in a fast, efficient and cost-effective way, via Iress.
02/08/2023
FNZ to acquire ifsam to strengthen global client proposition for asset managers and distributors
Ifsam serves as a leading business-to-business (B2B) fund platform that supports the efficient trading of funds, leveraging its direct relationships with around 300 fund management companies
02/08/2023
BIS boss says Big Tech financial rules are "not fit for purpose"
He argues that Big Tech mastery of user data coupled with their size and customer reach could trigger rapid change in the financial services industry, leaving established banks at a competitive disadvantage.