Managers of Wealth Fintech

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

FundCount named best partnership accounting system at the Private Asset Management 2021 Awards

FundCount is unique in its ability to support all asset classes and private investment structures within one unified accounting, general ledger and reporting system.

Walkers acts on Diamond Standard's DABA Licence

The DABA licence enables Diamond Standard Ltd. to issue, sell or redeem virtual coins, tokens, or any other form of digital asset in or from within Bermuda during the period of the licence and subject to its terms.

FCA grants license to Yolt Technology Services

Regulatory approval also addresses one of the major blockers to widespread adoption of open banking - data security concerns.

Cisco discloses investigation of alleged payments to foreign officials

It said the investigation isn’t expected to have a material adverse effect on its consolidated financial position, results of operations, or cash flows.

Swiss Central Bank Urged to Lift Inflation Goal, Manage Currency

Economists publish paper calling for average 2% inflation aim

Unleashing the potential of digital identity: a sandbox observation

The Regulatory Sandbox at the FCA has been, and continues to be, supportive of genuine innovation to promote competition for the interest of consumers.

English High Court considers limits of the extraterritorial reach of the GDPR in relation to an overseas website

To bring a claim under Article 79 of the GDPR, the claimant had to persuade the court that the defendants' processing of the claimant's personal data fell within the territorial scope of the GDPR in either Article 3.

Nigeria justifies war on cryptocurrencies, takes tougher actions

The risks, it said, include loss of investments, money laundering, terrorism financing, illicit fund flows and criminal activities.

Issues in the regulation of big techs in finance

Presentation by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the Peterson Institute for International Economics virtual event, "A Holistic Look at Big Tech Regulation", 10 February 2021.

Mauritius Commercial Bank to install Windward financial crime package

Financial institutions in both Mauritius and around the world are under increased pressure by both national and international compliance regulators to implement extensive due-diligence processes

Fintech Companies Face Investment Company Status Challenges

The company’s business consists of operating a cloud-based platform that enables customers to consolidate data regarding business insights, build data-driven applications and share data.

Digital lenders need to embrace CBK regulation

Commercial banks and microfinance institutions can attest to the benefits of legally backed loaning schemes, especially in an environment where borrowers are pressed by hard economic times.

Finma on Blurred Lines of Payments, Banking

The Swiss regulator spent more than ten years following the 2008/09 crisis on capital, liquidity, and clean-up, she noted.

FinTech regulatory queries rise

Enquires about FinTech to the island’s financial regulator rose by a quarter last year.

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