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.
Legal,Regulation,Tax & Compliance
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.
02/07/2023
PC maker Dell to lay off 6,650 employees
The move aims to help the company to align its investments with its strategic and customer priorities
02/06/2023
SEC WhatsApp crackdown expands to hedge funds
The move is facing resistance from the sector, with trade groups writing to SEC chair Gary Gensler raising "serious privacy implications," around exposure of health and financial information, says Bloomberg.
02/06/2023
Moneyhub responds to FCA's Pension Dashboard proposals
Moneyhub has also called for a greater emphasis on taking action as part of its response.
02/06/2023
SBF-Owned Emergent Fidelity Technologies Filed for Bankruptcy
The only other sizable asset owned by Emergent Fidelity Technologies was US$ 20.7 million in cash.
02/06/2023
Digital Services Act ‘active recipients’ guidance fails to illuminate
In its new guidance, the Commission confirmed that online platforms do not need to notify the information on the average monthly active recipients to it unless asked to do so under Article 24(3).
02/06/2023
Seon acquires AML specialist Complytron
Crucially, the platform will be able to discover hidden, risky relationships on behalf of clients by assessing not only customers, but the people they’re connected to.
02/03/2023
Van Lanschot Kempen enters into strategic partnership with Robeco and acquires online investment platform
The online distribution platform for investment services of Robeco Retail will merge with Evi van Lanschot.
02/03/2023
FIS makes 2600 job cuts
The strategic review is ongoing as Ferris bids to find at least $500 million in cost savings over the coming quarters.
02/03/2023
Judge dismisses class-action suit against Coinbase
The suit sought damages from the sale of the digital assets, arguing that these were illegal contracts because Coinbase is not registered with the SEC.
02/02/2023
PayPal to lay off 2000 staff; SoFi and Upstart terminate employees
The staff cuts will take place over the coming weeks, with some departments impacted more than others.
02/02/2023
Revolut plans 1700-person hiring spree
Neo banking challenger is one of the few fintech ‘decacorns’ to continue to hire amid wider layoffs in the tech sector.