06/16/2022
SIX to offer climate data and analytics in partnership with Urgentem
From today, SIX offers Urgentem’s comprehensive Emissions data set
Legal,Regulation,Tax & Compliance
06/14/2022
Charles Schwab pays $187m to settle SEC robo-advisor charges
Schwab advertised the robo-adviser as having neither advisory nor hidden fees, but didn’t tell clients about this cash drag on their investment.
06/14/2022
Deciphering stablecoins: A financial stability risk?
Last week, a consultation paper suggested the UK Treasury would give the BoE authority to address the collapse of failed, systemic stablecoins.
06/14/2022
M&G signs fintech deal to boost distribution
Fintel and M&G have already partnered on other projects over the past 15 years.
06/14/2022
SEC scolds Schwab over robo disclosures
Firm touted lack of fees while making money on investors’ cash holdings
06/10/2022
SocGen converts derivatives back office to FIS Cleared Derivatives Suite
As part of the agreement, the investment bank and financial services group will transition their existing derivatives clearing and settlement IT environment to FIS Cleared Derivatives Suite.
06/10/2022
CBK set to regulate financial super-apps
The platforms host apps from different businesses including banks, airlines, and utility firms, making them popular among consumers seeking the convenience of a one-stop solution.
06/10/2022
Swiss cantonal bank BLKB turns to NetGuardians to fight payment fraud
BLKB has 850 employees, 25 branches and total assets of over CHF 32 billion ($32.8 billion).
06/10/2022
What disrupts the disruptors? Tech industry leaders sound off on emerging issues
Security, data, and regulation are seen as areas with the most disruptive potential.
06/10/2022
Societe Generale embarks on derivatives tech transformation with FIS
The two companies have a long-standing relationship.
06/10/2022
Hong Kong takes further step towards cybersecurity legislation
The rules define the security classification of administration's information, requiring administrative departments to classify their information and to take proper measures based on the classification in order to protect the information in storage an
06/10/2022
UP Fintech's market share in Singapore increased to 19%
The company's net asset inflow was US$3.5 billion this quarter.
06/09/2022
SCB Powers its Path Toward Digital Banking Leadership with IBM
SCB adopted IBM z/OS Connect to enable RESTFul APIs in its core banking applications on IBM zSystems, in addition to running banking and finance applications that support massive customer data and online transactions on IBM zSystems to ensure its customer
06/09/2022
Jewel Bank granted Bermuda banking and digital asset business licence
Jewel Bank Receives Bermuda Bank License to Serve Global Crypto Firms
06/08/2022
Credit Suisse Backed Spyware Sales Despite Blacklisting
The blacklisting resulted from concerns that ill-intentioned governments were using the software as a tool to quell dissent by hacking into their systems.
06/08/2022
New licences issued for digital bank
The bank’s initial complement of staff will be less than 40, but it will grow to about 100 within a short period of time, with training and opportunity for Bermudians.
06/07/2022
US DOJ Brings Its First-Ever Insider Trading Prosecution Involving Digital Assets
This Legal Update provides background, further detail on the indictment and takeaways for companies and investors dealing in digital assets.
06/06/2022
Industry Group Warns Against New Chinese Cybersecurity Rules
According to the letter, ASIFMA expressed concerns that passing on sensitive data will make financial firms vulnerable to «hackers and other bad actors».
06/06/2022
The Financial Services Commission Confirms Processing Fees and Licensing Criteria
The FSC is confident that the Processing Fees Regulations will foster early bird applications for the VASP licences and registration of initial token offerings
06/03/2022
CFTC sues Gemini over 'false statements' relating bitcoin futures plan
Gemini staff "knew or reasonably should have known" that the statements were false or misleading, says the CFTC.