Managers of Wealth Fintech

Open Finance's potential and the digitisation of tax records

Sud examines how COVID-19 and Gamestop have caused a general reappraisal of where financial power lies and the role Open Finance can play in the new normal

Regulatory Future Proofing with In-Memory Computing

Regulatory requirements are increasingly coming with a heavier data ask, prompting a need for faster calculations, more advanced data analytics capabilities and processing performance.

EU takes lead on AI laws

Netflix’s stalling growth, UiPath IPO, Apple ransomware attack

TSB calls on tech platforms to tackle scam adverts

Now, TSB is taking aim at forthcoming online advertising guidance

Finding John Doe: IRS Steps up Enforcement Efforts to Take the Anonymity Out of Virtual Currency

Filed on April 14, 2021, the government’s response provided numerous examples of how the data received in the Coinbase summons required additional requests in order for the exchange to locate actual taxpayers.

Linklaters assists the UK Jurisdiction Taskforce on its Digital Dispute Resolution Rules

The rules follow the publication of the UKJT’s landmark Legal Statement on Cryptoassets and Smart Contracts in November 2019

Banca Sella and Workinvoice form open banking partnership

The collaboration between Banca Sella and Workinvoice will provide the bank’s corporate customers with customer centric convenient solutions to finance their working capital.

FSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’

Suspicious foreign exchange remittances are said to be on a steep rise.

Ambitious plans to boost UK fintech and financial services set out by Chancellor

Ambitious new plans to help fintechs scale up and ensure the UK remains at the cutting edge of digitalising finance were announced by the Chancellor today (19 April 2021).

Terms of Central Bank Digital Currency Taskforce: Terms of Reference

This document sets out the Terms of Reference for the Central Bank Digital Currency (CBDC) Taskforce.

Crypto payments banned in Turkey — Is this just the beginning?

Turkey’s vibrant ecosystem took a hit from the new crypto payments ban, and industry participants speak out on potential implications.

U.S. banks deploy AI to monitor customers, workers amid tech backlash

Bobby Dominguez, chief information security officer at City National, said smartphones that unlock via a face scan have paved the way.

City of London calls for 'paradigm shift' in tech at banks

RegTech refers to the emerging use of technology to streamline and cut compliance costs at financial firms, such as for reporting data on market transactions to regulators and spotting crime.

Credit Karma taps Bud Open Banking platform to help members find better products

The platform analyses and enriches members' banking data, creating insights that power new personalised services for customers.

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

MicroStrategy declined to comment.

US tax plan takes aim at offshore centres

Any tax deductions claimed by companies that make payments to related parties in low-tax jurisdictions would be eliminated.

Sydney Court Jails Man for Cryptocurrency Money Laundering

The investigation uncovered that the same man was withdrawing cash from accounts in seven different names.

New watchdog to boost online competition launches

A tough new regulator to help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online has launched.

South African exchange control – relaxation of loop structures

The level of disclosure required needs to be balanced against any potential tax and estate duty savings and most importantly whether the return on the investment outperforms current returns on invested funds.

Costa Rican Banks Strengthen Themselves to Counter the Growing Digital Scams

Educational campaigns would help stop cyber criminals

Legal,Regulation,Tax & Compliance