Managers of Wealth Fintech

Westpac signs Flare up to use its banking-as-a-service platform

Flare's software helps businesses to manage payroll, employee onboarding and benefits.

Swiss Central Bank Wraps Digital Currency Trial

The experiment, called Project Jura and involving SIX's digital exchange, Credit Suisse, and UBS, tested the feasibility of cross-border settlement of two CBDCs on blockchain.

Raisin Bank deploys ComplyAdvantage to scale up AML programme

The servicing bank has been part of Raisin DS since its acquisition by the fintech in 2019.

Breaking down barriers or building up barricades? The outlook for data privacy in 2022

The big question is whether any of these solutions will pave the way to harnessing that data without regulatory friction or whether they will slow down data-powered progress.

Carey Olsen and Oakbridge support Fintonia on the launch of bitcoin fund

Susan said: "It was great helping Fintonia in launching its new fund at a time where we are seeing an increasing number of Singapore managers using Jersey as their domicile of choice."

Carey Olsen supports blockchain security firm CertiK in US$80m funding round

The Carey Olsen team advising CertiK on the Cayman law aspects of the Series B2 comprised partner Nick Bullmore and counsel Dylan Wiltermuth.

EU fines banking giants €344 million over FX price fixing cartel

The Commission's investigation focused on the trading of the G10 currencies, the most liquid and traded currencies worldwide.

Cryptocurrency executives to be questioned in Congress

Crypto-currencies are not currencies in the traditional sense, although they can sometimes be used to make payments.

How to handle crypto on your UK tax bill

These are the pitfalls crypto investors are facing in how bitcoin and NFTs are taxed in the UK

AML Study Reveals Manual Processes Are Slowing Down Banking Compliance

AML Banking Survey By RiskScreen Finds 8 in 10 Complain Their Compliance Processes Are Too Labour Intesive, Slowing Down Onboarding And Screening

BoI fined €24.5m for serious IT failures that could have affected millions of customers

The fine is designed to reflect the seriousness of the disruption Bank of Ireland customers would have faced and the knock-on effect to Ireland’s entire banking system if the lender’s IT systems had failed

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

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