Managers of Wealth Fintech

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.

Financial regulators need to get to grips with Big Tech - BBVA

BBVA’s head of digital regulation, Pablo Urbiola, explains that “the post-pandemic economy will be more digital than ever, and so the regulatory response will be as important as ever".

Cayman Islands introduces new regulatory regime for virtual assets

This briefing provides a high level summary of the VASP Law and the amended legislation above.

US expands digital services tax investigation to cover UK and EU

That has not stopped the UK proceeding with its digital services tax; but then, faced with post-Brexit trade negotiations with the US, the UK was never going to give away a playing card before that process truly gets going.

Thailand regulator, bourse to link database of investment professionals to digital platform

"This is to ensure that such capital market personnel can provide appropriate advice and useful information to investors," he says in the statement.

Can A Virtual Currency Position Be Treated As A Commodity For Tax Purposes

This article addresses whether virtual currency and positions might be taxed as commodities.

Regtech Mirrorweb Joins Microsoft Scaleup Program

MirrorWeb clients currently include Liontrust Asset Management, Zurich Insurance Group, Tesco Bank, Bank of England and the Treasury.

Bill Taxing Digital Economy in Philippines to Kill “Infant” Industry, Says Fintech Sector Group

It takes sustained capital intensive investments and infinitely lot of time before digital goods and services become profitable

US banking regulator seeks public input on digital currencies, DLT

This public input will help the agency as it updates its policies for national banks and federal savings associations.

BOCI Securities signs agreement with AQUMON; Robo advice gains traction in wake of COVID-19

The robo advisory offering is provided by AQUMON, a financial technology company incubated at the Hong Kong University of Science and Technology.

Broadridge Regulatory Update

Who's Ready for Reg BI?

H1B visa salaries say banks' tech jobs more lucrative than rest

Equally, JPMorgan may not be a proxy for pay in the whole banking sector.

Legal,Regulation,Tax & Compliance