03/17/2021
Yapily: Europe’s Next Move in Open Banking Regulation
And globally, regulators are trying to replicate the EU’s PSD2 and follow in the footsteps of the UK in paving the way for Open Finance.
Legal,Regulation,Tax & Compliance
03/17/2021
Privacy disclosure incident leads to largest ever award of compensation for non-economic loss
Payment to nearly 1,300 members of representative complaint
03/16/2021
“On high alert…”
As companies across sectors faced operational challenges, IT and management teams often took their focus off internal cyber security and focused instead on trying to adapt to the new agile environment and trying to stay operational in challenging times.
03/15/2021
HK and mainland to expand GBA financial connectivity by expanding remote bank accounts setup and testing digital renminbi
The scheme has been welcomed by residents by thousands of successful applicants, according to media reports.
03/15/2021
Nigeria telcos to block millions from mobile banking over banks debt
Millions of Nigerians use the USSD to access banking services daily, but telcos say they are being owed by banks.
03/14/2021
Tencent Faces Broad China on Fintech, Deals
Such a move would mark a significant escalation in China’s campaign to curb the influence of its technology moguls
03/14/2021
Fintech and Wider Financial Services Regulation with Dubai Financial Services Authority
In addition to regulating financial and ancillary services, the DFSA is responsible for administering Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) legislation that applies in the DIFC.
03/12/2021
SILO and BDO form regtech joint venture
The compliance software is currently mainly used by businesses in international financial centres.
03/09/2021
EFG turns to Regtech for help in offshore business
The young company, founded in Zurich in 2014, has achieved another coup.
03/05/2021
Greensill Capital lines up Grant Thornton for restructuring
However, in a spectacular fall from grace, the FinTech firm could now be heading for bankruptcy, after Credit Suisse froze $10 billion of investment funds that fueled the SoftBank Group-backed finance startup.
03/05/2021
Esma to hold open hearing on crowdfunding rules
The consultation paper seeks the views of interested parties on 7 draft Regulatory Technical Standard
03/04/2021
Ghana’s central bank launches a regulatory sandbox prioritizing blockchain-related companies.
Ghana's central bank has launched a regulatory and innovation sandbox focusing on projects building on blockchain technology.
03/03/2021
Outsourcing for banks improves compliance with regulations
Many of these organizations may not realize that there are outsourcing solutions specifically tailored to their regulatory compliance needs.
03/03/2021
European Commission proposes new regulation of digital operational resilience in the financial sector
Examples of disruptions affecting ICT capabilities include, for example, cyber-attacks and other incidents, technological failures, as well as other malicious and non-malicious events.
03/03/2021
Challenger Banks - Meeting your Regulatory Obligations
Rapid growth has necessitated investment in the front-end customer acquisition, sometimes at the expense of provisioning middle and back office operations.
03/03/2021
Chinese fintech platforms expected to meet capital requirements within two years: regulator
The drive scuppered Ant Group’s $37 billion initial public offering last year and has seen Alibaba’s fintech affiliate formulate plans to shift to a financial holding company structure.
03/03/2021
ING hit with €3 million fine by French financial regulator over AML flaws
The measures taken at ING in France are in line with ING’s efforts since 2017 to further enhance the management of compliance risks and embed stronger awareness across the whole organisation.
03/02/2021
SEC Examinations Division Issues Risk Alert Regarding Digital Assets
The Division warned that their review of policies, procedures and practices of investment advisers investing client assets in Digital Asset Securities
03/02/2021
Fintechs join UK 'Tech Zero' climate taskforce
The group says it plans to set "ambitious, but achievable" emission targets and to help the UK become the top destination for green investment while also helping consumers make greener choices.
03/02/2021
ABA Bank picks Alessa for AML compliance
Alessa is trusted by financial institutions to meet their compliance and fraud prevention needs.