Managers of Wealth Fintech

Belfius Bank adopts SimCorp Dimension

The implementation of SimCorp Dimension spans across order management, performance and risk calculation, and portfolio management, covering a range of asset classes.

UK Plans to Support Qatar in Becoming Major Fintech Hub, Says Lord Mayor of the City of London

Russell went on to note that the UK was grateful for the support that it has received from the State of Qatar, and acknowledged its aspirations of becoming a major Fintech hub.

Almost half of WhatsApp usage is illegal

Recently Ireland’s GAA (Gaelic Athletic Association) joined other organisations in banning the use of WhatsApp by its clubs because WhatsApp is not GDPR-compliant.

How will Italy's Digital Services Tax impact tech giants' bottom line?

The aim is to tax businesses which traditionally paid low amounts of tax in foreign countries they operated in, those being: search engines, social networks and online marketplaces.

Gulf Bank, Instimatch tie up for digital cash deposits

Gulf Bank will be able to use the Instimatch network as part of its treasury operations, in order to source additional money market opportunities, with full control over counterparties.

English High Court Confirms Status of Cryptoassets as Property

The Applicant applied for an interim proprietary injunction over the Bitcoins that remained in the cryptocurrency exchange account.

IOSCO issues report on regulating cryptoasset trading platforms

IOSCO notes that where a regulatory authority has determined that a cryptoasset is a security and falls within its remit

Major South African bank caught out in data breach

"It is only through the use of a comprehensive arsenal of advanced tools that visibility and control over data can be maintained.”

JPMorgan Chase Sends Letter to Fintech Firms Warning it will Not Allow Access to Customer Data Unless they Accept New Agreement

JPMorgan noted that these methods aren’t secure and would like third parties to connect to an API that will provide access to only limited customer account data, after obtaining users’ consent.

Despite Appeals Win, Google Agrees to EUR 1B Settlement to Avoid Criminal Prosecution

The controversy began several years ago with the search and seizure of Google France’s premises.

World Bank to advise Bulgaria on science, technology, innovation spending

The agreement will support Bulgaria's education and science ministry in its efforts during preparation for the next programming period with the European Commission.

Ecobank Group enters cross-border remittance partnership with Alipay

The partnership will facilitate instant transfers from Rapidtransfer, Ecobank’s remittance solution, to users of Alipay, which serves more than 1.2 billion people globally together with its local e-wallet partners.

IRS urged to offer more cryptocurrency guidance

The IRS has seen the need for taxpayers to report on their crypto trades and holdings

FNZ all set to acquire IPSI for European business boost

Bringing together IPSI’s solutions and FNZ’s core technology and global client relationships will allow us to capitalise on the opportunities we see in the market.”

The impact of Singapore’s Variable Capital Companies

A VCC provides structure to investment funds.

Fintech should be disrupting exorbitant overdrafts

The FCA argues daily fees for unarranged overdrafts are bad (to be fair they are often exorbitantly high with TSB formerly levying up to £10 per day) and has decided that the best thing to do is ban them.

Why Cognizant Is Buying EI-Technologies

And the planned acquisition requires advance consultation with the relevant works councils.

Bank of America gained 418 technology patents in 2019

The bank was also granted 15 patents in the realm of blockchain and distributed ledger technology.

Cryptocurrency supporters welcome more regulation

Cyptoasset-focused stakeholders have formed groups in recent years to raise industry standards

Fintechs receive Saudi banking licenses for the first time

The new licences continue SAMA’s efforts to further its financial sector development programme.

Legal,Regulation,Tax & Compliance