Managers of Wealth Fintech

Nigeria sets capital rules for mobile money licences

The central bank said in its circular that it could ask payment banks to recapitalise for specific risks.

Covid-19 Is Changing Criminal Behaviours

Are your private client team/will writing practitioners up to speed with the frauds that you might inadvertently get caught up in?

Top regulator pushes ahead with plan to reshape banking, sparking clash with states

A charter would give these companies the ability to operate across state borders with a single set of rules, as well as to expand the suite of financial services they offer.

Joint effort, tech in prosecuting white-collar crimes: AGC

Public prosecutor partners law enforcement, uses latest tech to find evidence in complex cases

UK’s financial regulator expands AML regulations to all cryptocurrency firms

The FCA had plans to implement data analytics to alleviate the regulatory approach and overcome the issues enterprises face.

As Fintech Upends Banking, Japan Regulator Expects More Cross-Boundary Tie-Ups

"There could be combinations we never thought about," he told Reuters on Friday.

Experian pursuing charges against data breach perpetrator

After the personal information of as many as 24 million South Africans and almost 800 000 businesses was exposed.

Ireland Update – Use of Electronic Signatures on Regulatory Documents and Forms

The Central Bank advised that it reserves the right to request a "wet ink" signature where the Central Bank deems it appropriate.

NetCents Technology Announces Advisory Board Addition

Before joining Goldman Sachs, Dr. Schmidt was a Managing Director at UBS, most recently as co-head of the Global Family Office Group in EMEA for UBS Wealth Management.

Cloud a business priority in COVID-19 shutdown

Threat mitigation and network visibility remain the top security concerns for the remote work environment.

Fraud fears as FCA investigates over 150 Covid-19 related scams

The total number of suspected scams reported to the FCA over the last five months is 165. The types of scams that have been circulated during this time include email, phone calls, text messages, letters, and social media.

Leveraging technology to support supervision: challenges and collaborative solutions

Speech by Benoît Cœuré, Head of the Bank for International Settlements Innovation Hub, at the Peterson Institute for International Finance, Financial Statement event series, 19 August 2020.

Fidelity Partners With Amazon on Quantum Computing: Tech Roundup

Also, AssetMark launches eService Team to help advisors.

Ukraine arrests gang who ran 20 crypto-exchanges and laundered money for ransomware gangs

The arrests took place in late June, earlier this year, but new details have been released today in joint press releases by Binance and Ukraine Cyber Police

Clear Core signs Pyramid Federal Credit Union

Pyramid Federal Credit Union serving its 17,000 membership in the Greater Tucson area, signed with Clear Core to become its data analytics provider earlier this month.

Partnerships to Fight Financial Crime Gain Momentum

A new survey shows the partnerships have produced some promising early results, and compliance officers say it could lead to a shift away from the current “tick-box” approach to anti-money-laundering regulation.

Are licensees unwilling to fund technology solutions?

“Financial planners would benefit from being able to select from “Best of Breed” technology to significantly reduce the time and cost of delivering advice by improving the efficiency of advice delivery,”

Amati Aim VCT PLC Triggers 'Over-Allotment' Facility to Raise Further £20M

The Offer is scheduled to close on 16th October but will close earlier should capacity be reached.

Envestnet, Inc. to Offer $450 Million of Convertible Notes

The Notes will be general unsecured obligations, subordinated in right of payment to the Company’s obligations under its revolving credit facility.

Global Anti-Money-Laundering Fine Amounts Released

For years the U.S. has led the way in imposing major anti-money laundering (AML) fines, but regulators in Europe have recently started taking a much tougher line.

Legal,Regulation,Tax & Compliance