Managers of Wealth Fintech

Singapore is ‘actively studying’ virtual banking licences, says country’s prime minister

PM says MAS is ‘actively studying’ whether to allow virtual banking licences in the country and there could be an announcement soon

Update in Respect of Data Protection in The Cayman Islands

Data controllers remain ultimately responsible when processing personal data. However, data processors which breach their contractual obligations may be liable for damages to the data controller.

Northern Trust partners with Confluence to deliver financial and regulatory reporting solutions

This is the start of a strong partnership and we look forward to working with Northern Trust to deliver first-class products and services.”

FATF 'will not allow cryptocurrency to replace secret numbered accounts'

Finance ministers and Central Bank Governors at the G20 meeting in Japan welcomed the FATF's guidance, which they had themselves demanded last year.

DFSA’s role in supporting global FinTech innovation highlighted in the first GFiN Report

Titled “GFiN – One Year On”, the report details the GFiN’s many activities over the past year, the challenges it has faced, achievements, and its ambitions for the future.

Malta to Register All Property Rental Contracts on Blockchain

Malta has established itself as a blockchain and digital currency-friendly country, and has become known as a “blockchain island.”

Estonia’s oldest bank chooses Token & Icefire for PSD2 compliance

TBB is the oldest commercial bank operating in Estonia.

Big Tech Companies Are Becoming Big Banks So a Global Regulator Wants New Rules

The paper suggests a “new regulatory compass” for big tech’s future finance endeavors, and even discusses data regulation.

Central Bankers From Britain, France And Germany Want Scrutiny on Facebook For Libra Cryptocurrency

Global central bankers have so far largely refrained from regulating digital currencies, having failed last year to reach an agreement on how to do so and concluding they were too small to pose a risk to the financial system.

Big tech in finance: opportunities and risks

The role of big techs in finance raises issues that go beyond traditional financial risks, according to the BIS.

Addepar Inks Reseller Partnership With Mirador

The West Coast fintech firm will be resold to wealth management firms and UHNW family offices with customized analytics and reporting

Ripple Announces Strategic Partnership with Money Transfer Giant, MoneyGram

The partnership with Ripple will focus on the xRapid product, a solution for on-demand liquidity, which reduces reliance on pre-funding by enabling money to be sent from one currency and instantly settled in the destination currency.

CAIS Enhances Platform Experience with Integration Partner PCR

Timely, Detailed Reporting Process Streamlines Advisor and Fund Manager Workflow

New Zealand: Proposal for digital services tax outlined

The key proposition is the introduction of a DST in New Zealand if there is insufficient progress made by the OECD in 2019 to come to a global solution to the problem of taxing the digital economy.

US wants Swedish crypto scammer extradited, sentenced for fraud

Each share could be purchased for only $98 with a potential $45,000 payout. This did not end up being the case.

Trade Bank of Iraq and ESDS software solution sign MOU for developing Fintech and a cloud platform

This is the latest in a number of strategic agreements we have made with leading firms in the region to help rebuild, develop and modernise Iraq.

Entrepreneurs claim Nedbank stole their patented card-blocking system

This figure is based on the estimated royalties they say they would have received had Nedbank acquired the software legally.

Broadridge launches SFTR change management service

SFTR is part of the European Union’s implementation of the global effort to regulate shadow banking

Improved Online Banking Security Promises to Benefit E-Commerce Experience

As a result of this, experts are anticipating that it will be easier for consumers to carry out safe shopping online without worrying about whether or not their private information will be compromised by malicious third parties.

Scammers Cloning Legitimate Banks Websites To Defraud Potential Clients

The key here is that the cloned websites have brazenly put the regulatory numbers and the URL of the Swiss Investment Corporation on these cloned websites

Legal,Regulation,Tax & Compliance