Managers of Wealth Fintech

EU Data Act: new rules for data exchanges between businesses, users and third parties

The Commission said it expects the new rules to add €270 billion to the EU's gross domestic product by 2028.

Artificial intelligence innovation among private banking industry companies has dropped off in the last year

Figures for patent grants related to AI followed a similar pattern to filings – shrinking from 97 in the three months ending January 2020 to 17 in the same period in 2021.

Sygnum Singapore secures in-principle approval to expand regulated activities

Singapore continues to be a welcoming destination for trusted financial institutions seeking to meet the growing demand for regulated digital asset financial services

Company Law and Corporate Governance – The Importance of Planning

Being attentive, alert and razor sharp at all times is difficult to achieve, so we use tools to help us stay organized and up to date with our everyday assignments or special projects.

Hank Payments Becomes a Member of the North American Financial Data and Technology Associations (FDATA)

FDATA provides its members with a collective seat at the industry negotiation table on several policy working groups, expert advisory groups, and task forces related to Open Banking.

OBIE supports FCA delay on scrapping open banking’s ‘90-day’ rule

The FCA said it would shift the requirement to reauthenticate consent every 90 days from the user to the third-party provider accessing the service.

Singapore to Impose Restrictions on Russian Financial and Crypto Transactions

The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around the world.

Cryptocurrencies are property, Singapore court rules, as it freezes US$7m in 'stolen' crypto

The judge also granted a worldwide mareva injunction that freezes up to US$7.09 million of the defendants' assets.

Conyers advises on US$575 million acquisition of Finaro

Partner Anton Goldstein and Counsels Nicholas Kuria and Rachael Pape of Conyers’ BVI office advised on the transaction, working alongside Herzog, Fog & Neeman.

Former Redcentric CFO sentenced to five and a half years imprisonment

When the true position was revealed, shareholders suffered immediate losses in the value of their shares.

Over 1.2 million customers affected by Hong Kong data breaches

Whilst third party forensic experts can help to investigate the incident, lawyers are also required to manage the consequences faced by companies as a result of the non-compliance with the applicable data protection legislation.

Borrowers beware – HMRC's new DeFi guidance

But the new guidance looks likely to disrupt the DeFi market in ways that crypto investors and users may see as disadvantageous.

Isle of Man: Feedback Will Shape Approach to Innovation

The Authority is capturing the views of stakeholders to strengthen its understanding of emerging risks, new opportunities and challenges resulting from innovation, such as crypto-currencies, crypto-exchanges and initial coin offerings.

SEC Reporting Changes: Accelerated Settlement Cycles

These changes are “designed to protect investors, reduce risk, and increase operational efficiency.

Crypto assets go mainstream – new SFC and HKMA guidance for intermediaries and banks on virtual asset-related activities

The guidance comes in the form of a joint circular issued by the Securities and Futures Commission

WhatsApp scandal's specter rises again

Citi, Goldman Sachs and HSBC all warned, in their annual reports, that the SEC and CFTC are investigating banks' record-keeping of communications through private platforms.

Simmons & Simmons announces first GreenTech Fund winners

Simmons has today announced the first cohort of winners for its GreenTech Fund.

EBA Proposals Eye Enhanced Credit Spread Risk and Standardized NII

The shift in monetary policy together with the new guidelines will certainly keep bankers and supervisory authorities busy for the foreseeable future, ensuring the European banking sector manages through the increasing interest rate cycle while protecting

Barclays fined £783,800 for oversight failings

The FCA publicly censured Premier FX in February 2021 for failing to safeguard its customers’ money and seriously misleading its customers about the services it was authorised to provide.

Rights and principles proposed to guide digital transformation

The Commission is hoping to have the draft declaration signed by summer 2022.

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