Managers of Wealth Fintech

FCA boosts Open Banking by removing 3-month re-authentication requirement

The FCA says that one trade association reported that TPPs are experiencing customer attrition rates of around 20-40% at the 90-day mark when SCA is required.

FCA Targets ESG Data Providers

The business plans also announced that the FCA would focus on addressing greenwashing concerns as a priority.

Today's Corporate Investigators Exchange Dumpster Diving for High-Tech Services

Today’s corporate investigators are armed with modern alternatives to dumpster diving: high-tech services to uncover hidden information in transactions feed game-changing intelligence into litigation and uncover hidden assets.

HKEx Announces Rule Changes To Attract Overseas Issuers - Especially Greater China Issuers

These amendments are detailed in the 'Consultation Conclusions on Listing Regime for Overseas Issuers' (Conclusions) – and this Update explains some of the key changes.

US banking regulators are looking to clarify crypto rules in 2022

The regulators also say it’s an attempt to make sure the financial industry isn’t used to launder ill-gotten currency, something the Treasury Department has been focusing on recently.

U.S. Federal Bank Regulators Require Notifications For Material Cybersecurity Incidents

Unlike some of those regulations, this rule is not linked to compromised consumer data.

Leaked emails reveal how Macquarie Bank became entangled in an $80 billion scandal

A memo submitted ahead of the board meeting noted: "The risk of reputational damage remains should the German authorities take action against the funds."

Landsbankinn selects Salt Edge to reach PSD2 compliance

The new Act on Payment Services, which transposes the European PSD2 into Icelandic law, entered into force on November 1, 2021

Islamic bank selects CapitalCompliance

Capital Banking Solutions has been awarded the contract for the deployment of its integrated Anti-money laundering and tax evasion solution named CapitalCompliance

Basel Committee publishes more details on global systemically important banks

The final scores are mapped to corresponding buckets that determine the higher loss absorbency requirement for each G-SIB.

Russian cybersecurity executive appeals to Putin as detention for treason extended

Sachkov, 35, who founded Group-IB, one of Russia's most prominent cybersecurity firms, was arrested in September and charged with divulging state secrets, allegations he denies.

Infrastructure Legislation Expands US Tax Information Reporting to Cryptocurrency and Other Digital Assets

Congress sought to address this issue in the Infrastructure Investment and Jobs Act (the “Act”), which was signed into law by President Biden on November 15, 2021.

US banking regulators plan to publish crypto guidance throug

The agency's work focused on bolstering internal understanding and defining the regulatory parameters for each agency in the context of crypto activities.

FSB Statement to Support Preparations for LIBOR Cessation

Active transition of legacy contracts remains the best way for market participants to have control and certainty over their existing arrangements.

Revolut taps regtech Cube for global regulatory intelligence support

It’s not easy keeping compliant when you’re a global super app.

FCA confirms recognition of the revised FX Global Code and the Global Precious Metals Code

The FCA expects firms and individuals to consider both the spirit and letter of code provisions to make sure they fully meet ‘proper standards of market conduct’.

Ashurst to partner with The 6th Annual FinTech Awards to celebrate innovation in FinTech

This year's awards have been expanded reflecting the growth of fintech covering a new award including "Best Crypto or Digital Asset platform/product" with Ashurst again sponsoring the Ashurst FinTech Startup of the Year award.

SEC proposes update to electronic recordkeeping requirements

The proposed amendments would add an audit-trail alternative.

Broadridge's SRD II Solution Wins Industry Recognition

Global Proxy Voting and Shareholder Disclosure Solution Win Prestigious Asset Servicing Times Award

UK government publishes guidance on security rules for tech takeovers

National Security and Investment Act 2021 give ministers power to halt M&As

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