11/19/2019
Nedbank contracts with Fexco for dynamic currency conversion
The DCC technology allows international cardholders to pay for products in their home currency
Legal,Regulation,Tax & Compliance
11/18/2019
FNZ / GBST merger inquiry
The CMA is investigating the completed acquisition of GBST Holdings Limited by FNZ (Australia) Bidco Pty Ltd.
11/14/2019
Scottish Widows in ‘data breach’ over wrong letters
The error arose when the employee was completing the same task for two different customers at the same time.
11/12/2019
Banking tech could lead to discrimination, says ex-regulator
Banks can now more accurately identify ‘unprofitable’ or costly customers
11/12/2019
OECD Digital Tax Proposals would Require Canadian Overhaul: C.D. Howe Institute
New OECD proposals on digital taxation would mean a substantial overhaul of Canadian tax rules if they are brought into effect, according to a new report from the C.D. Howe Institute.
11/12/2019
Canadian Securities Regulators and MAS Strengthen Cooperation in FinTech
The agreement sets out the framework of collaboration between the CSA members and MAS.
11/12/2019
MAS, Deloitte, S&P Launch Fintech Investment Research Platform
This limits their view of all the companies in which they might deploy capital.
11/11/2019
Deutsche Bank tech failings hit thousands of payments
Bank retreats on letter to BoE that CHAPS improvements were on track
11/11/2019
Fintech closes Swiss business due to FinSA
Scalable Capital was servicing the assets of Swiss clients from Germany, with accounts in euros.
11/11/2019
UBS Fined by Hong Kong for a Decade of Overcharging Clients
Bank is accused of overcharging clients in wealth management
11/10/2019
Law change will confirm that HMRC decisions can be made by a computer
The provisions affected include the giving of notice to file a tax return as well as the automatic issuing of penalties where returns are filed late.
11/08/2019
Int’l Bank Regulator Is Studying Crypto Lending Capital Requirements
Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies. Business Reporter published the news on Nov. 7 that the
11/07/2019
Australian Senate Select Committee on Fintech & Regtech Publishes Issues Paper
The Issues Paper is calling for written submissions addressing multiple questions regarding Fintech/Regtech.
11/07/2019
Carey Olsen lawyers lead the way in data protection expertise in the Channel Islands
The introduction of the General Data Protection Regulation in May 2018 has led to an increase in both business
11/07/2019
Meeting the pace of technological change by Nick Cook, Director of Innovation, FCA
Speech by Nick Cook, Director of Innovation at the FCA, delivered at the Chief Data Officer Exchange Financial Services conference in London.
11/06/2019
Hong Kong sets out new regulatory framework for virtual asset trading platforms
The position paper emphasises that the SFC will only grant licences to platform operators which are capable of meeting robust regulatory standards.
11/04/2019
UAE Central Bank to launch FinTech coordination authority in a few months
'FinTech Office' aims for a UAE-approved regulatory framework, says central bank governor
11/04/2019
Canadian in Dubai Arrested for Fraud, Including Crypto Fraud via Habibi Coin, the “Bitcoin of the Middle East”
Mirza, who maintained a following of 800 000 on Instagram, also touted a scheme called the “Leverage Program” (LP).
11/01/2019
Client service improved through AML technology
The latest practice to take advantage of the tie-up is Wilfrids Law Solicitors who have implemented the technology in their conveyancing department.
10/31/2019
Dubai Police Arrest “Middle East Bitcoin” or Habibi Coin Founder for Defrauding Millions from Investors
Dubai-based entrepreneur faces legal troubles due to Habibi Coin, or the 'bitcoin of the Middle East', due to defrauding investors worth millions of dollars for promising financial freedom through his International Success Group (ISG).