05/28/2019
Sovos acquires Foriba
Sovos’ acquisition of Foriba, along with other recent investments, helps us safeguard customers as countries around the world adopt e-invoicing, e-archiving and e-receipt regulations for B2B and B2C transactions.
Legal,Regulation,Tax & Compliance
05/23/2019
German regulator orders online bank N26 to step up controls against money laundering
On Wednesday, BaFin said N26 must take measures including reidentifying some existing customers, catching up on a backlog of IT monitoring and documenting workflows.
05/23/2019
HKMA takes first step towards regulating the use of big data analytics and artificial intelligence in FinTech
The EAF is expressly stated to be non-binding guidance, intended as a first step towards a privacy regime better equipped to address modern challenges.
05/23/2019
Dubai-based fintech looks to match banks' funding needs with the world's wealthy
NewBridge Fintech Solutions has just raised money from Finablr founder B.R. Shetty to fund its growth
05/23/2019
Deloitte announces enhancements to its digital bank asset
The offering comes integrated with a wide range of leading cloud vendors and fintechs.
05/21/2019
The tech giant break-up
The digital sector has created substantial benefits for consumers and companies alike, but these have come at the cost of increasing dominance of a handful of tech giants
05/20/2019
The tech companies that will be hit by South Africa’s new VAT changes
“It follows that the platform would have to charge VAT at the rate of 15% on the facilitation fee, notwithstanding the fact that it facilitates the booking of accommodation that is located outside South Africa.”
05/20/2019
Appleby Hongkong Advises Angelhub On Its Equity Crowdfunding Platform
The Greater Bay Area offers a lot of business opportunities - it just needs a platform to match investors with start-ups.
05/17/2019
How Cryptocurrencies are Regulated in the Middle East
Some significant events in 2018 had turned global attention to the Middle East in regards to cryptocurrency development.
05/17/2019
Bahamas International Securities Exchange Signs Digital Securities Exchange Partnership Agreement
The partnership will benefit from the trading and compliance technology, industry know-how and operational excellence of both parties.
05/17/2019
BOCHK’s virtual bank is a new paradigm that transcends old business models
Livi VB to initially rely on interbank lending, but will later also fund its loans using customer deposits
05/17/2019
A view on the FinTech landscape today and regulatory challenges
Alongside the risk of financial discrimination, the speech also considers ways in which FinTech growth has the potential to increase the financial system’s operational and cyber security risks.
05/17/2019
What will MLD5 mean for the regulation of Cryptoassets?
Other businesses involved in the cryptoasset/virtual currency industry may also fall within the scope of UK legislation when MLD5 is implemented.
05/17/2019
FCA consultation on Cryptoassets brings welcome clarity on extent of regulatory perimeter
The proposed FCA Guidance clarifies where different categories of cryptoasset tokens fall to be in relation to the FCA’s regulatory perimeter.
05/15/2019
Fintech Collaboration between the Hong Kong Monetary Authority and the Bank of Thailand
The HKMA looks forward to working together with BOT and seeing the positive outcome from our joint effort.”
05/15/2019
Cryptocurrency exchange Cryptopia halts trading and announces it is in the process of liquidation
Appointed liquidators, David Ruscoe, and Russell Moore from Grant Thornton New Zealand, are now in the process of securing the assets for stakeholders.
05/15/2019
Shearman & Sterling Secures Victory For SS&C Technologies In Lawsuit Against Clearwater Analytic
SS&C argued that the theft was deliberate and planned, and that Clearwater should pay a “reasonable royalty” based on the value of the information at the time it was stolen.
05/15/2019
FrankieFinancial signs Australian neo banks to RegTech platform
The firm is pitching the product to greenfield banks as a means of simplifying their IT estate, and to established brands struggling with multiple back office legacy systems.
05/14/2019
NAB raises the white flag on IT outsourcing
The bank disclosed as part of its first half results this month that it had suffered the worst rate of critical incidents to its service or payment channels in three years, with eight in the quarter.
05/14/2019
Singapore and China ink major fintech collaboration agreement
AFF executive president Du Yan added that the emerging fintech era requires more international communication and cooperation, and regulators from different jurisdictions need to promote innovation in financial services to enhance inclusion both regionally