Managers of Wealth Fintech

UK updates on new Open Banking entity

The committee is currently working on developing the vision for the future of Open Banking and on the design of the future entity.

Bank Governors endorse Basle Committee limit on bank exposure to crypto assets

The Committee's standard on cryptoasset is a further example of our commitment, willingness and ability to act in a globally coordinated way to mitigate emerging financial stability risks.

HSBC and Deutsche Bank invest in Regtech Taina

Financial institutions are under growing cost pressure, and customers are now increasingly judicious about their customer experience with financial institutions platforms.

Atom Bank quits Twitter

The bank made the decision to leave the app after Elon Musk tweeted about Dr Anthony Fauci.

Hedge funds’ Tether attention trigger calls for transparency

Tether (USDT) is a stablecoin, meaning it is pegged to a currency

Novicap inks €200m funding deal with Fasanara Capital

The new cash will enable Novicap to expand its credit platform, lending to firms across Europe.

Bitcoin Group to acquire Bankhaus von der Heydt

Bankhaus von der Heydt holds a full banking license and is one of the leading providers in Germany offering custody and tokenization of digital assets.

WealthKernel to power educational investment platform for teens tendy

Set to launch early next year, tendy aims to bring “responsible investing” to the next generation.

FCA sets out ideas to improve information provided to retail investors

Firms will still be required to follow PRIIPs and UCTIS disclosure requirements until the new regime comes into effect.

Bahamas attorneys file emergency motion in FTX case for access to databases with client information

Google’s technology served as an analytics platform for FTX International’s data.

Santander UK fined £107.7m for repeated AML failures

The FCA highlighted one case where a new customer had opened an account as a small translations business with expected monthly deposits of £5,000.

Starling set to create 1,000 jobs in new Manchester office

CEO Anne Boden said there was “never any doubt” that Manchester would mark the bank’s first step into the North.

Carey Olsen recognised as a leading offshore law firm for FinTech in Chambers 2023

Carey Olsen was also ranked Band 2 in the Cayman Islands

ECB publishes documentation on digital euro prototyping exercise

The material published provides the information needed by any market participant to develop front-end prototypes compatible with the Eurosystem’s back-end infrastructure

Court backs cryptocurrency exchange bid to trace alleged fraudsters

The six cryptocurrency exchanges have also been ordered to explain

Bybit lays of more staff to weather crypto storm

The twitter post sparked an anxious response from jittery users

Withers tech advises vacation rental software platform Lodgify in $30 million Series B funding round

Withers is at the forefront of thought leadership for real estate and hospitality innovation.

TrustQuay signs technology agreement with Perpetual Guardian

Having been in business for more than 135 years – and with offices around the country servicing over 140,000 client relationships – Perpetual Guardian has unsurprisingly amassed a complex and varied landscape of legacy software.

EU agrees new rules on online credit

The legislation will cover credit agreements of up to €100,000.

Fintechs savaged over Covid loan fraud

Similar investigations in the UK found that £1.1 billion of loans in the Bounce Back Loan scheme were suspected to be fraudulent.

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