Managers of Wealth Fintech

Revolut doubles down on hybrid working

The memo arrives as the the global fintech prepares to move to a recently refurbished tower block in the heart of Canary Wharf

Singapore records surge in mobile wallet scams

The Singapore Police Force is warning of a rise in scams using phished card credentials and mobile wallets.

Canadian securities regulators engage industry on data portability discussions

The CSA Collaboratory’s first project will focus on data portability and the process of collecting client information digitally.

Argentina's President Milei denies crypto fraud allegations

A judge will now determine if the president should face fraud charges over the incident.

Scammer impersonates Bermuda premier, promotes fake token

Since the scammer began posting, numerous Bermuda National Coin tokens have appeared on the Solana-based memecoin launch platform Pump.fun.

EBANX Moves Closer to Full Payment License in Singapore

Currently, 39% of EBANX’s processed volume comes from APAC.

States of Guernsey IT outage results in Data Protection Authority recommendations

The Inquiry also found that prior to the incidents, P&R had failed to implement an IT disaster recovery plan.

Zepz to axe 200 jobs

London-headquartered money transfer outfit Zepz is laying off around 200 employees, according to CNBC.

Payoneer gets Chinese approval to buy payment service provider

The transaction is expected to close in the first half of 2025

APEX Global regulatory update Q4 2024

In Europe, the UK and Channel Islands are updating rules on crypto-assets, ESG, financial services, and anti-money laundering.

Crypto Corner: Stay vigilant and safe

The Social Market Foundation estimates that 40% of fraud victims are targeted more than once, highlighting the need for awareness.

HMRC spends £785m a year on running digital tax systems

The NAO report said that three of its eight most costly tax-related digital programmes involved remediating legacy systems in 2023-24.

Capgemini CEO says EU went 'too far' with AI rules

The EU says its AI Act is the world's most comprehensive law governing the use of AI, but it has been criticised by some companies for stifling innovation.

Syfe Offers AUD$65 Million to Acquire Australia’s Selfwealth

The Singapore-based platform seeks to expand Australian presence and enhance digital investing offerings through strategic acquisition

Money Mules Emerge as a Growing Global Threat

In response, new regulations are being introduced to hold banks more accountable, forcing financial institutions to shift towards proactive fraud detection methods.

Coinbase obtains VASP registration in the UK

Coinbase has obtained its VASP registration in the UK.

Fintech Galaxy Receives Central Bank Approval to Test Open Banking in Jordan

This decision marks a significant milestone for Fintech Galaxy as it becomes the first Open Banking company to receive regulatory approval in Jordan.

Australia tells BNPL providers to apply for credit licences

Buy now, pay later providers in Australia have been told to apply for credit licences ahead of new laws coming into effect in June.

Crypto.com Secures MiCA Licence, Expands to Europe

Approval by MFSA allows Crypto.Com to offer regulated crypto services across the European Economic Area

Commission CEO concerned about AI-generated applications received by regulator

Asked about the impact of AI on charities, Holdsworth told attendees that the technology could do a “huge amount of good” in the sector and within the commission.

Legal,Regulation,Tax & Compliance