Managers of Wealth Fintech

TransferMate buys Swiss payments firm

TransferMate - a part of Terry Clune's Taxback Group and which has added 170 jobs in the past year alone - has regulatory approval across the EU, the US and a range of other markets.

Bahrain issues draft rules to regulate cryptocurrencies

The central bank has set December 31 as the deadline for feedback on the proposed regulations

Blackbird’s alarm call or nightingale’s lullaby?

FCA Occasional Papers in financial regulation

FG18/5: Guidance on financial crime systems and controls: insider dealing and market manipulation

The updated Financial Crime Guide sets out guidance for firms on financial crime systems and controls, including insider dealing and market manipulation.

MEPs agree on new rules to tax digital companies’ revenues

Lower threshold of taxable revenues made in EU

SA’s Communications Minister Takes Cybersecurity Campaign To Rural Areas

Ndabeni-Abrahams said her department is ramping up cyber safety efforts in preparation for the festive season.

Philippines to Introduce Basel III Countercyclical Capital Buffer

Part of the Basel III framework, the BSP had initially decided not to adopt the CCyB, which requires banks to maintain additional capital during periods of excessive credit growth

Finantix announces a strategic growth investment by Motive Partners

Finantix founders and the management team will continue to lead the company to achieve a shared vision and to ensure high service quality to all existing and future clients.

Gibralter Fines WaveCrest Prepaid Crypto Card Company $315 000 for AML/CFT Failings

The company subsequently ran afoul of Gibraltar financial authorities and has now settled.

HCL Technologies signs pact for digital transformation of Aegon

The Hague-based company, which serves about 29 million customers and employs over 28,000 people worldwide, wants digital scale up to improve customer self service and cement its position in the market.

Nearly 6,000 Crypto Money Laundering Cases Reported in Japan from Jan-Oct

The numbers suggest that less than 2% of reported money laundering cases involved cryptocurrency.

Bahrain cbank issues final rules on open banking

Open banking services entail the provision of two broad categories of services, said the top official.

Swiss regulator publishes guidelines for relaxed FinTech Licence

FINMA is responsible for granting the FinTech licence

MUFG Europe Selects Wolters Kluwer for Regulatory Reporting and Risk Software

The bank is an existing user of OneSumX for Regulatory Reporting, which uses a single source of data

Central Bank of Kuwait outlines fintech initiatives

The system will cover various initiatives including the Government Electronic Banking System, Wages Protection System, Digital Currency and Automated Clearing House.

Crypto Bank Seba Names Directors

Other Seba directors are Reto Kunz, Sébastian Mérillat, Guy Schwarzenbach and Urs Zulauf an.

Simon Bodjanski talks Luxembourg RAIFs and Brexit’s impact on funds

Luxembourg introduced its RAIF fund regime in 2016, and the structure has proven incredibly popular with fund managers since launch. What was the thinking behind the launch and why has uptake been so enthusiastic?

Singapore banks offered $21M in funds to boost cybersecurity capabilities

Funded under the country's Financial Sector Technology and Innovation Scheme, the grant would facilitate the development of "advanced cybersecurity functions" such as cyber threat surveillance and intelligence gathering, computer forensics,

Chambers Ranks Top US Blockchain/Crypto Lawyers

Blockchain is a relatively new sector falling in the Fintech industry

Developments in RegTech and SupTech - Patrick Armstrong

Demand is linked to regulatory changes and the need of market participants and supervisors to process large amounts of data. Supply factors primarily focus on advances in technology.

Legal,Regulation,Tax & Compliance