Managers of Wealth Fintech

SEC Examinations Division Issues Risk Alert Regarding Digital Assets

The Division warned that their review of policies, procedures and practices of investment advisers investing client assets in Digital Asset Securities

Fintechs join UK 'Tech Zero' climate taskforce

The group says it plans to set "ambitious, but achievable" emission targets and to help the UK become the top destination for green investment while also helping consumers make greener choices.

ABA Bank picks Alessa for AML compliance

Alessa is trusted by financial institutions to meet their compliance and fraud prevention needs.

Huawei Lawyers on HSBC Exec: «Far More Than a Gopher»

U.S. prosecutors claim that Meng misrepresented the Skycom relationship, allegedly making statements that suggested that the firm was sold to an arms-length third party when it was in fact sold to a parent company Huawei controlled.

Monetary Authority of Singapore issues guidance on remote working

MAS encourages FIs to benchmark their remote working controls against the examples in the Paper.

China Fintech Curbs That Hit Ant Were No Surprise, Ping An Says

“Chinese regulators don’t suddenly throw a regulation at you and say ‘we will do this,’” Tan said while on a visit to her native Singapore.

Nevada Gov Sisolak Wants Blockchain-Based Cities

The project has drawn opposition, however, from the fact that water is already short in Nevada.

UK data adequacy decisions issued by European Commission

The draft decisions show that the Commission intends to designate UK data protection standards as being "essentially equivalent" to those that apply in the EU.

CJEU to rule on data protection breach damages

In addition to injunctive relief and information about his stored data, he also demanded damages under article 82 of the GDPR.

Asia Pacific records USD11.6 billion in fintech investment, with China's fintech sector showing maturity, finds KPMG analysis

Insurtech continues to gain traction among Chinese investors

Draft UK adequacy decision published following Brexit - implications for UK-EU data transfers

If the full decision is granted by the European Commission, this will mean that data flows from the EEA to the UK will be able to continue without any additional protection mechanisms

Wolters Kluwer introduces finsit, its cloud-based financial insights platform to the UK

Finsit enables accountants to leverage technology to give real-time, data-rich advice

National Bank of Bahrain Partners with Backbase to Launch New Digital Banking Platform

Bahrain’s local bank National Bank of Bahrain (NBB) announced the launch of its new digital banking platform, built in partnership with banking technology provider Backbase, to support with their digital transformation journey, empower its staff to

Goodbox raises £9m for digital giving platform

GoodBox has raised £9 million for its digital giving platform that uses contactless technology to help charities raise money in an increasingly cashless society.

Fintech Co-operation between the Hong Kong Monetary Authority and the Central Bank of the United Arab Emirates

The MoU will certainly set the stage for future joint experimentation of digital innovation between CBUAE and the HKMA.”

COVID-19 and regulatory uncertainty spur greater tax risk for organizations in 2021 and beyond, EY survey finds

Survey respondents say they anticipate a far more diverse tax risk environment spanning everything from scrutiny of routine business activity, to major, billion-dollar settlements in court.

Israel Discount Bank selects Wolters Kluwer’s compliant e-forms package

The Wolters Kluwer DEMx offering allows financial organizations to streamline their documentation processes, help ensure compliance with all regulatory requirements, maximize internal resources, and reduce turnaround times.

Saudi Central Bank launches instant payment system Sarie

New IPS allows customers to send and receive low-value local remittances 24 hours a day

EU financial regulators seek greater powers over tech providers

The regulators also said there was a need to ensure that recommendations made to CTTPs under the new regulatory framework could be enforced at EU level

Bearing Point RegTech extends its cooperation with DKB

DKB will use Abacus360 Banking to meet the requirements of German and European regulatory reporting

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