03/31/2021
Raisin dials up its pension ambitions with Mambu workplace rollout
A key customer win for Dr Alexander Kihm and the Raisin Pension team.
Legal,Regulation,Tax & Compliance
03/30/2021
Hong Kong becomes a global centre for investors of virtual assets, an increasingly viable asset class in the city, finds KPMG
Clear regulatory guidelines and maturing service offerings are key drivers
03/30/2021
Competition watchdog gives the nod to NAB takeover off 86 400
Completion of the transaction remains subject to certain conditions
03/29/2021
European supervisory authority issues €8.15m fine for international data transfer and processing failings
This case demonstrates that organisations that transfer
03/29/2021
Platform on Sustainable Finance advice to the European Commission on transition activities in the taxonomy
The Commission had asked the PSF to advise it on how the taxonomy could be used to finance transition activities.
03/29/2021
Instagram influencer has defrauded his million followers out of $2.5 million in a Bitcoin for cash scheme – He claimed to be worth $33m but had $162 in his bank account
The 25-year-old Instagram star had induced victims to send him Bitcoin in exchange for wire transfers of cash, but he never sent the money in reality.
03/29/2021
Fintech Geidea Receives Saudi Banking License, the First Non-Bank to do so
The new Tap on Phone solution will also have all the features of a traditional PoS (Point of Sale) terminal, including acceptance of payments from contactless cards, mobile wallets, and wearable devices.
03/29/2021
First Decision of a German Data Protection Authority on Supplementary Measures for International Personal Data Transfers from Europe
A German publishing company based in Munich used the online service "Mailchimp".
03/26/2021
EU directive introducing new reporting requirement for digital platforms adopted
The rules will apply as from 1 January 2023.
03/26/2021
London forex trading boss fined for unauthorised WhatsApp investment advice
A Bow-based investment firm was found to have been giving out unauthorised investment advice via WhatsApp.
03/26/2021
German Federal Court: German merchants are allowed to surcharge Paypal and Sofort
The issue of whether PayPal and Sofort transactions can, or cannot, be surcharged by German merchants has been controversial for quite some time.
03/26/2021
Dentons launches Global Bid Challenge Tracker to enable quick comparison of bid challenge laws across multiple jurisdictions
Leveraging Dentons' global platform and award-winning commitment to technological innovation, the Firm launched this innovative, free platform to allow corporate leaders to create customized user-friendly comparisons of the laws.
03/25/2021
BIS Innovation Summit 2021 “Central Bank Innovations: Payments, Data and Capabilities”
Howard Lee, Deputy Chief Executive, Hong Kong Monetary Authority
03/25/2021
The HKMA launches Global Regtech Challenge
The Global Regtech Challenge is created with the aim of further growing the local Regtech ecosystem.
03/25/2021
German central bank makes case for blockchain settlement in CBDC debate
It is no surprise that the Bundesbank is keen to see the fruits of its work on blockchain settlement comes to pass, having spent the past six years working on the project.
03/25/2021
Addleshaw Goddard AG Data & Privacy News
The mandate covers the protection of privacy and confidentiality in the use of electronic communication services and is seen by the EDPB as a positive step towards a new ePrivacy Regulation.
03/24/2021
ClearBank: Third of fintechs face regulatory scrutiny due to agency banking partners
Based on an independent survey of 100 fintechs across the Netherlands, Lithuania, Sweden, Switzerland, and the UK, a report by ClearBank reveals a multitude of challenges fintechs experience at the hands of their agency bank’s shortcomings.
03/23/2021
Revolut applies for US banking licence
Continuing its quest for global growth, Revolut has filed a draft application for a banking licence with the Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation.
03/23/2021
Latham & Watkins Advises Ironsource in US$11.1 Billion Despac Merger with Thoma Bravo Advantage
A cross-border team represents the business platform in the SPAC transaction that will make ironSource a publicly traded company.
03/22/2021
Coinbase slapped with $6.5 million fine by CFTC
According to the order, between January 2015 and September 2018, Coinbase recklessly delivered false, misleading, or inaccurate reports concerning transactions in digital assets