Managers of Wealth Fintech

Cases of de-banking are on the rise

This can be fraud risk, credit risk, reputational risk, or some other apparent risk, for instance stemming from the bank’s concerns about a particular industry, business, or country.

The renewed focus on third-party risk management for banks

FDIC reminds banks that the competitive edge from partnering comes with caveats.

Enhancing compliance: The rise of automation in consumer risk management

Cognitive View, a customer interaction monitoring platform that helps reduce conduct risk and improve customer experience, recently explored why it is time to automate compliance and conduct risk.

Samana Developers appoints Complyfin to implement AML/CFT compliance

The specialised solution will enhance the overall AML/CFT Regulatory Compliance Regime at Samana Developers.

UK payment firms push back on APP fraud refund plan

Industry group the Payments Association has written to the Economic Secretary to the Treasury, Bim Alami, to protest the cap, calling it "simply not proportionate," according to Bloomberg.

Switzerland Cracks Down on Crypto Tax Evasion with Upcoming AEOI Expansion

This decision will make Switzerland more internationally aligned with other countries in the effort to handle digital tax evasion.

Deutsche Bank to explore asset tokenisation applications as part of MAS’ Project Guardian

As its latest supporter, Deutsche Bank will contribute to the project’s asset and wealth management workstream

IBS and EBRD Join Forces to Advance Digital Finance in Jordan

He emphasized the agreement’s role in enhancing the cooperative partnership’s framework, according to an IBS statement on Sunday

Ocorian launches new online automated AML module in The Gateway

The new automated AML module is part of proprietary solution The Gateway – a unique all-in-one online compliance toolbox, designed by compliance experts.

US lawmakers unveil bill to make it easier to restrict exports of AI models

The legislation aims to bulletproof any future AI export regulations from legal challenges and was crafted with input from Biden administration officials.

Canada fines Binance C$6m for AML violations

The company also failed, on thousands of occasions, to report large virtual currency transactions of C$10,000 or more in the course of a single transaction.

Fintech Nexus Newsletter (May 2, 2024): Block targeted by federal prosecutors for AML and sanctions failings

Block has argued that it has reported thousands of transactions to OFAC and that the company received a no-action letter regarding this matter.

Fresh call for UK copyright law to be updated for AI age

The issues with copyright are manifesting right now and problematic business models are fast becoming entrenched and normalised

Crypto regulation in the UK: what are stablecoins?

The rationale behind the legislative approach was, along with other jurisdictions, to bring cryptoassets into the same regulatory perimeter as other asset classes.

Paul Fosse Wins Leadership Award At Annual Jersey TechAwards 2024

The TechAwards, which took place at the weekend, recognises Jersey’s top tech talent who are committed to creating a better future for the island by embracing digital.

How PSD3 and PSR will shape trends in EU financial services

Understanding the new regulations in the wider context of the European Central Bank’s

Tiller Technologies Supports Regulatory Efforts with Digital ID Solution for International Customers

The Jersey government is actively working with financial Institutions and regulated businesses to promote the adoption of cutting-edge technology

Police bust cybercrime phishing subscription network

Detectives have so far established that just under 70,000 individual UK victims have entered their details into one of LabHost’s fraudulent sites.

Capgemini Selected to Enable Digital Transformation of Norwegian Public Roads Administration

Capgemini will work together with NPRA on services design, system development, test and maintenance/IT operations

EC and CFPB meet on consumer risks from AI and BNPL

On AI, officials "discussed the differences and similarities in the respective legal and regulatory frameworks with respect to consumer finance

Legal,Regulation,Tax & Compliance