Managers of Wealth Fintech

Flagstone receives regulatory approval in Jersey for new international arm

Flagstone International has also partnered with HSBC Channel Islands and Isle of Man, who will provide key operational services and support for the new business.

Spare Technologies granted license as an open banking ancillary service provider in the Kingdom of Bahrain

The license will pave the way for Spare to kickstart their operations in Q2 of 2022

Open Banking pushback shows consumers need guidance

It’s also worth remembering that while the UK’s recent inquiry into the banking industry was to do with competition, Australia’s Royal Commission was about misconduct.

Digital Services Act agreed by EU law makers

Fines of up to 6% of the annual global turnover of will be able to be levied on online platforms and search engines that fail to comply with the new legislation.

European data protection authorities agree to enhance cooperation

The EDPB said there are qualitative and quantitative criteria that the authorities will refer to for collectively identifying when a cross-border case is to be subject to the enhanced cooperation measures.

Fintech MainStreet cuts about 30% of staff, citing ‘incredibly rough market’

In 2020, MainStreet crossed the $1 million ARR run rate threshold and helped the average MainStreet client save $51,000

22-104MR Court finds RI Advice failed to adequately manage cybersecurity risks

The orders were made by consent after ASIC and RI Advice agreed to resolve the proceedings.

Linklaters collaborates with Opus 2 to develop and deploy game-changing technology to transform the management of investigations

Opus 2 Investigations is a secure cloud-based solution that brings together the key evidence in an investigation

Herbert Smith Freehills Advises Softbank Robotics Group Corp

SBRG will acquire a minority stake in URG

Linklaters contributes to Gibraltar Government

The Group was convened for the specific purpose of considering and crafting the legislation and guidance.

U.S. "open banking" rule bogged down by privacy concerns

Such advocates say open banking will make it easier for non-banks like technology companies to compete with traditional financial institutions

UK’s digital watchdogs take a closer look at algorithms as plans set out for year ahead

Every day, we access services that process data using a wide variety of automated systems.

Abu Dhabi and Dubai launch cryptoasset regulatory initiatives

VARA will have the ability to restrict or suspend licences and activities, as well as issue fines for organisations or individuals violating its rules.

Regulators call for action in open finance

Financial Conducts Authority payments policy manager Helen Oger-Zaher and Open Banking Implementation Entity head of policy Alan Ainsworth joined the stage to represent the regulators, while Plaid’s UK policy lead Kat Cloud and Stripe’s head o

Abu Dhabi and Dubai launch cryptoasset regulatory initiatives

The company will provide access to cryptoassets through regulated funding, trading and custodial services in dirhams.

Regulatory Treatment of Fund and Cash Tokens

Regulating cash equivalent payment tokens is a bit of a different story.

UnaBiz appointed new owner of Sigfox

The new management has pledged to put business continuity on top of its agenda.

CASS Compliance: The importance of good governance

The FCA frequently discuss these two dimensions in public enforcements cases they issue.

European police take down $22m crypto investment fraud across 71 countries

The criminal justice agency further said that authorities in Finland, France, Germany, Latvia, the Netherlands and Ukraine conducted the operation and seized 50 servers.

Carey Olsen advises Altis Partners and Blockchain.com on launch of crypto multi-strategy fund platform BCAM

The Carey Olsen team was led by corporate partner Chris Griffin, assisted by senior associate Sophie Hancock and associate Daniel Burridge.

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