Managers of Wealth Fintech

New York AG sues Zelle parent, claiming 'massive' fraud losses

Launched in 2017, Zelle is hugely popular, with over 150 million enrolled users

The European Central Bank Collaborates with Diebold Nixdorf for Digital Euro Innovation Platform

The digital euro is intended to be a form of digital cash universally accepted in the European Union, complementing current forms of payment.

UAE closes in on launch of Digital Dirham

The CBDC will soon be introduced in phases to mitigate risks, with an intermediated two-tier distribution model and wallet-based access.

Telecoms watchdog consults on Jersey’s vital communications networks

Under the new legal framework, the Authority will receive a considerably enhanced role, designed to monitor and manage compliance

Lloyds Bank issues four-step rule to fix banking app problem

A string of Lloyds customers said they could not access the app

Brex enters European market with new EU Payment Institution licence

Brex has already established Dutch offices with a full board and sales, operations and customer success teams.

FCA introduces new rules to safeguard client funds

Additionally, all firms must implement monthly reporting on customer holdings and perform daily checks to confirm sufficient safeguarding of funds.

VARA and SCA Collaborate to Create Unified Virtual Asset Regulatory Framework for the UAE

The regulators say that this regulatory collaboration is further powered by shared systems

BNM raises compliance bar for fintech e-wallets

A central requirement is robust customer due diligence

TMF Jersey Pioneers Digital RegTech with Implementation of Beacon

TMF Group brings together transformative and disruptive technology capabilities to create new digital delivery models

UK and Singapore Investment Bodies Join MAS’ Project Guardian to Advance Digital Assets

This marks the first time asset management-focused trade bodies have joined the international initiative.

Norton Rose Fulbright advises dwpbank on acquisition of lemon.markets Group

The Berlin-based FinTech lemon.markets is a brokerage-as-a-service platform

MAS License Rejection, Customer Complaints Trigger Police Probe Into Tokenize Xchange

The firm was required to return customer funds after its license was rejected, but MAS later found signs of asset shortfalls and possible failure to segregate client assets

HKMA outlines regulatory regime for stablecoin issuers

As the regulatory regime comes into effect, market participants are advised to observe the Stablecoins Ordinance and the relevant guidelines.

Bailey and Reeves clash over Revolut banking licence - FT

The Bank of England governor has reportedly clashed with chancellor Rachel Reeves over efforts to accelerate Revolut's authorisation as a fully-licenced bank.

Arbitrade crypto fraud trial begins in Florida

Between 2018 and 2019, Arbitrade “issued announcements falsely claiming it had received title to gold bullion”

Standard Chartered Hong Kong and Know Your Customer team on KYC verifications

The partnership will enhance SME account opening and KYC procedures with improved accuracy, speed, and security.

Banking Regulators Address Crypto Custody; Implications for Asset Managers

The loss of cryptographic keys is a primary risk for banking organizations safekeeping crypto-assets

Jupiter sets new standard for climate risk analytics

‘Jupiter Entity Modeling’ delivers risk insights tied to specific investment vehicles such as securities, funds, and corporates.

Contracts to Manage AI Risk (Bermuda)

The BMA’s 2025 Business Plan signalled future policies concerning the risk-managed use of AI by its registrants.

Legal,Regulation,Tax & Compliance