Managers of Wealth Fintech

Crypto.com sues SEC after receiving Wells notice

Separately, the company's Derivatives North America unit has filed a petition with the SEC and Commodities Futures Trading Commission seeking to confirm by joint interpretation

EU legitimate interests ruling could hurt AI development, warns expert

In this respect, the CJEU said that a relevant factor will be whether data subjects can be said to reasonably expect such processing.

Maybank Partners with Bank of Hangzhou to Enhance Digital Innovation

The collaboration was formalized following the recent signing of a Letter of Intent (LOI) by Kuala Lumpur City Hall

FinTech tops MENA’s total funding of $328m in September 2024

FinTech, eCommerce, and property technology (PropTech) remain top sectors for investors in the UAE.

Irish regtech Corlytics expands US operations

This strategic move underscores the company's commitment to North America, its most crucial market.

UK’s PSR mandates “guaranteed minimum level of protection” against APP scams

The regulator says it will now be “closely monitoring” how the measures impact APP fraud and will undertake an evaluation of their effectiveness after 12 months of operation.

Legal Privilege in Cyber Incidents: Lessons for Hong Kong from Australia’s Optus Cyber Breach

Optus subsequently engaged external counsel and Ashurst Australia (Ashurst), an external law firm, to advise regarding the incident.

UK payments could be delayed up to three days to prevent fraud

The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.

Backbase & Middesk bring KYB verification for Banks and Credit Unions

By providing these financial institutions with easy-to-understand insights on the businesses they are onboarding, this partnership will not only reduce fraud but ensure compliance with regulatory requirements.

FCA fines Starling Bank £29m for sanctions screening failures

As a result, Starling initially agreed to a voluntary requirement (VREQ) to halt opening new accounts for high-risk customers until improvements were made through its AML enhancement plan.

FCA secures first conviction for crypto ATM operation

Last month, the FCA charged Osunkoya with running a multimillion-pound crypto ATMs without authorisation.

FCA and BoE open digital securities sandbox

Firms can even arrange pre-application meeting with the regulators in order to better understand the requirements, according to the announcement.

US Department of Justice files civil antitrust lawsuit against Visa

As a result, Visa’s unlawful conduct affects not just the price of one thing – but the price of nearly everything

Carey Olsen's Steven Rees Davies recognised as leading Fintech and Blockchain practitioner in Who's Who Legal

The report highlights legal professionals with extensive experience in the field, including those skilled in implementing blockchain solutions and providing data protection and cybersecurity advice.

Banks face the stacking of AML/KYC software

Compliance costs in Europe amount to around €100bn annually

Hong Kong’s central bank to explore 11 use cases in phase 2 of e-HKD pilot

This phase of the HKMA’s digital currency programme will focus on efficiency and whether the e-HKD attracts and entices users, deputy CEO Howard Lee says

HSBC calls on tech firms to help refund victims of fraud

Bank says new UK compensation rules will fail to curb APP scams and prove financial sector is not the problem

Disclosure of algorithms envisaged under EU GDPR

The opinions offered by advocates general to the CJEU are non-binding on the court’s judges

Millennium Consulting launches digital tax product

As UK businesses focus on compliance and adopt MTD software, business leaders are actively seeking reliable solutions to ensure adherence and avoid penalties.

Let data be used to train AI, EU urged

This begins with the training of the model and continues throughout the entire lifecycle of the product. AI without constant feedback is useless.

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