Managers of Wealth Fintech

Sahm Capital Becomes the First Fintech-Driven Financial Company Granted Full Licenses by the CMA

Founded in 2022, Sahm Capital has quickly established itself as a trailblazer in the financial service industry.

Cryptocurrencies and digital assets holding strategies – tax considerations in Luxembourg

Cryptocurrencies introduce new concepts that challenge traditional tax norms.

Bermuda Monetary Authority initiates consultation on proposed changes to Bermuda’s digital asset business regime

The proposed amendments aim to enhance the BMA’s administrative, rule-making and enforcement powers, refine definitions used in the Act and amend annual reporting requirements.

Carey Olsen advises Gate.io on launch of cryptocurrency venture capital fund

Carey Olsen additionally advised on the formation and registration of the Fund's investment manager as an approved manager under the laws of the BVI.

Dubai launches dedicated IP hub to help drive innovative technology

Launched by the Dubai Future Foundation and the UAE Ministry of Economy, the DIPH aims to foster innovation in the region.

Warburg Pincus snaps up minority stake in Brazil’s Contabilizei for $125m

Following the deal, Warburg Pincus now has a portfolio of 11 Brazilian companies

Revolut to offer free remittances in Colombia, seeks banking license

The London-based company, which recently obtained a U.K. banking license and is valued at $45 billion, expects the approval process to take under two years.

Crypto.com sues SEC after receiving Wells notice

Separately, the company's Derivatives North America unit has filed a petition with the SEC and Commodities Futures Trading Commission seeking to confirm by joint interpretation

EU legitimate interests ruling could hurt AI development, warns expert

In this respect, the CJEU said that a relevant factor will be whether data subjects can be said to reasonably expect such processing.

Maybank Partners with Bank of Hangzhou to Enhance Digital Innovation

The collaboration was formalized following the recent signing of a Letter of Intent (LOI) by Kuala Lumpur City Hall

FinTech tops MENA’s total funding of $328m in September 2024

FinTech, eCommerce, and property technology (PropTech) remain top sectors for investors in the UAE.

Irish regtech Corlytics expands US operations

This strategic move underscores the company's commitment to North America, its most crucial market.

UK’s PSR mandates “guaranteed minimum level of protection” against APP scams

The regulator says it will now be “closely monitoring” how the measures impact APP fraud and will undertake an evaluation of their effectiveness after 12 months of operation.

Legal Privilege in Cyber Incidents: Lessons for Hong Kong from Australia’s Optus Cyber Breach

Optus subsequently engaged external counsel and Ashurst Australia (Ashurst), an external law firm, to advise regarding the incident.

UK payments could be delayed up to three days to prevent fraud

The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.

Backbase & Middesk bring KYB verification for Banks and Credit Unions

By providing these financial institutions with easy-to-understand insights on the businesses they are onboarding, this partnership will not only reduce fraud but ensure compliance with regulatory requirements.

FCA fines Starling Bank £29m for sanctions screening failures

As a result, Starling initially agreed to a voluntary requirement (VREQ) to halt opening new accounts for high-risk customers until improvements were made through its AML enhancement plan.

FCA secures first conviction for crypto ATM operation

Last month, the FCA charged Osunkoya with running a multimillion-pound crypto ATMs without authorisation.

FCA and BoE open digital securities sandbox

Firms can even arrange pre-application meeting with the regulators in order to better understand the requirements, according to the announcement.

US Department of Justice files civil antitrust lawsuit against Visa

As a result, Visa’s unlawful conduct affects not just the price of one thing – but the price of nearly everything

Legal,Regulation,Tax & Compliance