Managers of Wealth Fintech

Will Virtual Banks Benefit Foreign SMEs in Hong Kong?

This means e-commerce and technology companies – such as the Chinese company Xiaomi – will be allowed to provide banking services so long as they hold a license.

EBA assesses impact of FinTech on payment institutions' and e-money institutions' business models

The Report aims to share knowledge and provide support to supervisors and other stakeholders in identifying and understanding the main trends that could impact PIs' and EMIs' business models and pose potential challenges to their sustainability.

Validus Capital Applies for Digital Banking Licence in Singapore

Intends to expand their product offering beyond lending

Hong Kong Monetary Authority Forms Fintech Partnership

The HKMA and ACPR share the view that through closer collaboration with each other

AIFCA and Fidor Solutions sign MoU

The organisation contributes to fintech programmes in key global financial centres.

Bank APIs not ready for PSD2 deadline - Tink

Tink says that banks are welcoming feedback, and showing a willingness to improve but predicts that third parties will now need to rely on contingency methods stipulated by PSD2 if they are to offer a smooth service for end users come September.

Wells Fargo's Irish arm fined for regulatory breaches

Wells Fargo admitted to five breaches between 2014 and 2019 that led it misreport is capital position.

Virtual banks could be bad news for small lenders in Singapore, Moody’s says

Singapore’s decision to issue new digital bank licenses to non-banking companies will adversely affect smaller lenders in the sector as it will ramp up competition, ratings agency Moody’s said in a note on Tuesday.

Wirecard and CreditPilot Announce Strategic Partnership

Partnership gives Wirecard access to CreditPilot's mobile network operator customers

Absa to secondary list ETFs on A2X

The Newgold ETFs that are being listed on A2X are the largest ETFs in the local market with almost R25 billion in assets under management, Absa said.

Covenant Capital signs up on Profidata’s e-AMIS

Covenant Capital, a Singapore-based wealth manager, has adopted Profidata’s e-AMIS platform.

Inside the digital mortgage revolution: HSBC and Roostify on partnering to shape the future

Execs on how partnership came together and what it means for the future

SIX Group asks Swiss central bank to issue stablecoin

"SDX would accept CHF payments from member banks in central bank money and issue equivalent tokenised CHF in SDX.

UK Financial Watchdog Grants License to London-Based Crypto Asset Firm

As required by AIFMD, Prime Factor Capital has ostensibly appointed a depository that provide additional layer of protection to investors.

PIC board sent Dr Dan Matjila in pursuit of IT security breach

Menye said when they met with the chief executive in his office, he advised them that the security assessment was an instruction from the board.

Sony to launch $185m VC fund with Japanese investment bank Daiwa Securities

Sony will support IGV’s efforts to maximize the performance of this fund

Financial institutes urged to embrace technology

To this end experts are calling for more appropriate IT integration in the financial services sector to among other things ensure protection of customers’ data.

Euro Cyber Resilience Board for pan-European Financial Infrastructures

Six months have passed since our last meeting in December, during which time, all of us – whether on behalf of a public or private financial infrastructure, a supervisor or an overseer – have been busy enhancing the cyber resilience of our res

Kenya says to broaden cooperation with China over financial technology

Early this week, financial sectors regulators from China and Kenya held fruitful talks in Nairobi on cooperation in the fintech sector.

Singapore to issue new digital banking licences to non-banks

Banks worldwide face increasing competition from technology firms

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