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
Legal,Regulation,Tax & Compliance
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.
02/02/2023
Freedom Finance extends partnership with lender Koyo
Freedom Finance’s lending technology helps consumers navigate the credit market by matching them with products they are eligible for through a single application.
02/02/2023
Organisations engage pro-actively with data protection registration
The high level of engagement is a positive sign that the ODPA’s key message, for us all to take our data protection responsibilities seriously, is hitting home.
02/02/2023
Coinbase Wins Dismissal of Lawsuit Over Unregistered Securities
The proposed class-action suit, filed in federal court in New York in October 2021
02/01/2023
Central Bank of Ireland warns payment firms about governance deficiencies
The central bank sets out its findings relating to five key areas: safeguarding; governance, risk management, conduct and culture; business model, strategy and financial resilience; operational resilience and outsourcing; and AML/CFT.
01/31/2023
Fiserv Secures Payment License From MAS
Fiserv has a history of payments innovation in Singapore
01/26/2023
IBM profit jumps 16% but company will cut 3,900 jobs
Net profit during the October-December period rose to more than $2.7bn
01/26/2023
Saudi Central Bank engages with fintechs and banks on CBDC
The Governor of Sama Fahad Almubarak says that it has engaged both local banks and fintechs
01/26/2023
Commerzbank sues EY over €200 million Wirecard loss
Wirecard had a credit facility of €200 million with Commerzbank, of which about 90% was drawn at the time of its undoing.
01/26/2023
4 RegTech companies reducing compliance burden in Germany
DataGuard is a Compliance software company focused on Data Privacy and Information Security.