Managers of Wealth Fintech

Lloyds Bank to cut £2bn in costs as part of AI-powered strategy

Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job losses

The FATF’s targeted report on stablecoins and unhosted wallets

While there is no separate regulatory framework for stablecoins in the Cayman Islands, stablecoins are typically deemed to be ‘virtual assets’ under the Virtual Asset (Service Providers) Act

GFSC backing tokenisation to boost growth of finance

Finance in the island is ready to capitalise on the digital wave of tokenisation as part of plans to grow the island’s finance industry over the next decade.

Zimbabwe regulator approves seven fintechs for sandbox

More than half of the seven approved companies are focused on tokenisation.

Opening Remarks at FiNETech8 on “Navigating Quantum Duality”

Carmen Chu, Executive Director (Banking Supervision), Hong Kong Monetary Authority

Apple sued over App Store crypto scam costing USD 1.8 million

The individuals are reported to have lost approximately USD 875.000, around USD 840.000, and roughly USD 120.000.

Jersey’s Cyber Security Law to take effect from 1 September 2026

The Law was approved by the States Assembly in January, has received Royal Assent, and is now registered in the Royal Court.

GFSC Takes Steps To Simplify Regulation, Provide Regulatory Clarity And Support Growth In Digital Finance

Response to the consultation was overwhelmingly positive

Wise denied US national trust bank licence

Shares in Wise fell by more than 7% in early London trading following the announcement.

Guernsey regulator sets out changes to digital finance rules

Response to the consultation was overwhelmingly positive and the Commission is taking forward a series of actions

BancaStato Launches RegulatedCrypto Trading with Sygnumand Avaloq

Banca dello Stato del Cantone Ticino is a Swiss cantonal bank serving the Canton of Ticino in southern Switzerland, founded in 1915.

Norway advisory and audit firm BDO selects Strise as AML technology provider

Strise already provides similar solutions to several of the largest players in the industry.

Jersey regulator issues guidance on 'responsible use' of AI

Jersey's financial sector regulator has published guidance to help firms use artificial intelligence (AI) 'responsibly and with confidence'.

HSBC becomes first company to receive BoE approval to go live in the UK's Digital Securities Sandbox

The Bank of England has approved the high-street bank's digital asset platform HSBC Orion to issue, service, and settle digitally native bonds.

Cayman clamps down on criminal use of digital assets

n this instance the VASP was advised to keep servicing the client so that overseas law enforcement agencies could continue to monitor the subject.

MAS Calls for Stronger AML Controls Among Crypto Firms

The regulator found gaps in customer checks, transaction monitoring and value transfer screening.

UK BNPL regulations come into force

Lenders will also be required to carry out proportionate checks to make sure customers can afford to repay what they borrow before offering BNPL and to offer support to customers in financial difficulty.

ECB readies PSPs for 2027 digital euro pilot

The 12-month live trial will leverage existing open technical standards to test online and offline transaction capabilities across 19 central banks.

Financial system launches oversight for major technology providers

As many firms rely on these services, disruption or failure could affect multiple firms or markets at the same time, potentially impacting UK financial stability and services used by millions of consumers and businesses.

European Parliament backs digital euro, paving way for final negotiations

In June, the European Parliament's economic and monetary affairs committee adopted the proposed draft rules from the European Central Bank.

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