Managers of Wealth Fintech

Bank of Bahrain and Kuwait implements SymphonyAI AML tech

This move is aimed at enhancing regulatory compliance and effectively targeting financial crime.

The UK's Online Safety Act – where are we a year on?

On 19 March 2024, practitioners witnessed the first conviction for cyberflashing under the act.

Reem Finance selects Temenos to power new digital community bank in the UAE

Temenos SaaS enables rapid time-to-market and streamlined scalability, ensuring agility and efficiency as the business grows

Navigating new frontiers in tax compliance with AI technology

AI’s role in enhancing tax compliance primarily focuses on automating mundane tasks such as data entry, document review, and tax calculations.

New regulations reinforce Dubai’s progressive virtual assets landscape

The cryptocurrency market, which experienced a significant downturn with the collapse of FTX Trading Ltd in 2022

Britain’s finance watchdog sets out plan to implement crypto regulation regime by 2026

The U.K.’s Financial Conduct Authority (FCA) unveiled a timeline detailing key dates and milestones it’s working toward on its regulatory roadmap for crypto.

Signicat Taps AsiaVerify to Strengthen its Identity Verification in APAC

The partnership will streamline compliance processes

Central Bank of Brazil to pilot CBDC trade finance solution with Chainlink, Microsoft, 7COMm and Banco Inter

Participants will collaborate on automating supply chain management and other trade finance processes by combining blockchain technology and oracles into a single solution.

Babel Street, IMTF unite to set new standards in international compliance technologies

The partnership aims to address the increasing demand for accurate and efficient name matching across diverse languages and scripts.

Saudi Arabia looks to ‘6G’ age with new regulations

Approval of the regulations comes ahead of the International Forum on Connecting the World from the Skies

Finastra investigates data breach, prioritising customer communication

Finastra notified their customers of the breach on 8 November, providing updates on the investigation process and responding to queries.

Regulator concludes investigation into mobile network incidents

The investigation identified potential risks to emergency service calls which demonstrate regulatory contraventions.

Singapore introduces AI court rules

Not complying with the guide can lead to sanctions including costs, disregard of the evidence submitted and, if the court user is a lawyer, disciplinary action.

Fintech Giant Finastra Investigating Data Breach

A major part of Finastra’s day-to-day business involves processing huge volumes of digital files containing instructions for wire and bank transfers on behalf of its clients.

Lifting of BaFin restrictions boosts growth at N26

After first breaking even on a monthly basis in June 2024, the company has posted its first quarterly profit

Fintech at heart of UK's financial services growth strategy - Chancellor

APP fraud has soared in recent years, with UK losses of more than $500 million in 2023.

Klarna eyes Wall Street: Drafts IPO filing with the SEC

Klarna’s public debut is expected to draw significant attention, rivalled only by Revolut, which is valued at $45 billion and also anticipated to go public next year.

FinCEN warns banks about deepfake threat

Crooks are not just using deepfakes to circumvent ID authentication

NatWest blocks WhatsApp

The banking giant moved to block unapproved messaging services from work devices earlier this month.

Legal,Regulation,Tax & Compliance