Managers of Wealth Fintech

UAE: new consumer and data security law moves closer

The law will enable the fair and prompt settlement of disputes, and help consumers obtain fair compensation.

India bans 59 Chinese apps, including TikTok and WeChat, after deadly border clash

Government cites national security and privacy concerns, saying decision aims to ‘ensure safety and sovereignty of Indian cyberspace

How coronavirus is changing data protection for firms

Some are still catching up with the general requirements of the new framework of law

SGX to fully acquire BidFX

As part of its multi-asset strategy to build FX into another core pillar of growth, SGX first acquired a 20% stake in BidFX in March 2019, with the aim of bringing together FX futures with OTC markets.

Singapore Cracks Down on Unlicensed Crypto Sellers

According to the police, the woman does not have a licence to provide payment services in Singapore and is not an exempt payment service provider under the Payment Services Act.

RegTech – a watershed moment?

The current developments caused by the crisis and the resulting regulatory, technological and behavioural shifts are a potential watershed moment for the RegTech ecosystem.

EWUB Luxembourg signs up with BearingPoint for tax reporting

BearingPoint RegTech's DAC6/MDR module facilitates the process of complying with the new regulations and enables the identification and a clear tracking of all reportable and non-reportable agreements

Wirecard Scandal Could Give Fintech a Bad Name

Wirecard even toyed with merging with a flagging Deutsche Bank AG, according to my colleagues at Bloomberg News, but the German investment bank thankfully dodged that bullet.

First Bank, Access Bank Tell Customers To Be Wary As Bank Fraud Rises

First Bank and Access Bank Warns Customers Against Bank Fraudsters

Wealth Dynamix Partners with Ortec Finance

By actively connecting the life goals of clients with their investment plans, relationship managers can deliver greater value and reduce excess pressure on service fees, by creating investment strategies that are more likely to satisfy client expectations

Adapting Model Governance to AI/ML Systems for Financial Institutions

As financial services companies, from banks to asset manager to insurance companies, begin adopting AI/ML systems, they will need to tailor their existing policies to address these unique issues.

Former Wirecard chief arrested over missing €1.9bn

Chief operating officer, Jan Marsalek was sacked hours later after the management board’s statement, as he was suspended from the board last week.

Orange ordered to pay rival Digicel close to $280m

France’s competition watchdog found in 2009 that Orange had hindered the rise of rivals in these markets, notably by signing exclusivity agreements with independent distributors and repair shops, prompting Digicel to sue for damages.

TrustQuay signs technology deal with LGL Group

During the selection process, we were impressed by the experience and future plans of the TrustQuay team

Wirecard's missing US$2.1b didn't enter Philippine financial system, central bank says

The search for the missing cash hit a dead end in the Philippines, but the two Philippine banks have said documents purporting to show Wirecard had deposited funds with them were false.

Judiciary goes digital in line with new normal

Guidelines on video conferencing in civil trials are yet to be issued.

With consolidation, Raisin takes on European promise of single market

The consolidation means Raisin can now offer uniform banking services to all of its continental European customers.

IMA Releases New Reports on the Role of CFO in Sustainability

Reports analyze integration of finance professionals in sustainable business activities

Fintech firm Achiko hits Cayman-related compliance problems

Achiko wants to reduce friction resulting from the current domicile of the company in the Cayman Islands

HKMA Spotlights RegTech Use to Implement AML/CFT Measures

Further, technologies such as optical character recognition (OCR) are also applied in pre-filling the application form to simplify the form-filling process.

Legal,Regulation,Tax & Compliance