06/23/2017
Japan and Australia ink fintech co-operation agreement
This Framework will help open up an important market for Australian fintechs.
Legal,Regulation,Tax & Compliance
06/22/2017
Bahrain launches regulatory sandbox for fintech firms
The Central Bank of Bahrain will create a regulatory sandbox for startups and financial technology, or fintech, firms to test their
06/22/2017
Eze Software launches MiFID II commission management platform
The product focuses on the creation of a research evaluation process aligned with MiFID II-required fund and strategy groups.
06/22/2017
Numerix reports Sberbank deal
The IT program that we started several years ago required innovative solutions and a new approach to risk management.
06/21/2017
Ready or Not - A New Data Protection Regime is Coming
The GDPR imposes significantly greater fines for non-compliance
06/20/2017
Creating a more compelling digital platform for investors
The firm wants to eliminate the unnecessary complexity and lack of transparency from investing to help its users plan and save for a safer future.
06/20/2017
Vertu Signs Deal with Tech Giant TCL Communication to Bring Innovative Technology to its Luxury Mobile Phones
It is the first of many, considerable investments we are making into the business.
06/19/2017
Klarna granted full banking licence
Obtaining a banking license is a natural next step for Klarna, enabling us to broaden our product portfolio for customers and merchants.
06/19/2017
Bahrain’s central bank creates fintech testing environment
These new initiatives are a continuation of the CBB’s efforts to provide the right mix of policies and products to develop and enhance the quality and competitiveness of services in the financial sector.
06/16/2017
Seven steps to successful software asset management
The Vanson Bourne survey found that enterprises had to expend an average of 129 days dealing with audits alone.
06/16/2017
Robo-advisers expected to meet fiduciary rule
The push follows announcements the SEC made in February that robo advisers will not be exempted from any of the legal obligations that apply to other advisers.
06/15/2017
Regtech Poised To Take Off In Southeast Asia
The new reforms have dramatically increased challenges and costs for the financial sector related to compliance, reporting and supervisory requests.
06/15/2017
Estonia Is Testing A ‘Digital Residency’ Program For Internet Companies
The e-Residency program allows entrepreneurs to run a company online using a government-issued virtual identity
06/15/2017
AI will make humans redundant in security, but that’s a good thing
AI might be the solution to the security conundrum.
06/15/2017
Turkish Minister of Finance Announces New Withholding Liability for Foreign E-Commerce Websites
The government is currently working on a new Council of Ministers Decision that will introduce a withholding tax liability, which will be imposed on the sales payments made on foreign e-commerce websites through banks and similar intermediary institutions
06/15/2017
Fintechs’ access to bank data a ‘major concern’
Warning comes as startups are facing an uphill battle to get access to financial data from institutions
06/15/2017
Dutch regulator fines International Card Services €2.4m
ICS has its own board of directors and a separate banking licence.
06/14/2017
Bahrain launches new rules for fintech firms
The testing duration is nine months, with a maximum extension of three months.
06/14/2017
With Watson Financial Services, IBM Launches Cognitive Era of RegTech
First-Generation Cognitive Solutions Trained by Promontory Experts
06/13/2017
Hong Kong and Australia seal agreement on fintech cooperation
The Innovation Hub and Fintech Contact Point offer assistance to innovative fintech businesses to understand the regulatory regimes in each of their jurisdictions.