Managers of Wealth Fintech

Nuvei secures UAE license

Nuvei already has a strong commercial presence and existing high-profile partnerships in the region.

Central banks should exploit AI ‘gold rush’, report says

The study for the Bank for International Settlements calls on central banks to raise their game and rethink their use of data in the wake of the tech tsunami.

FinCEN’s latest AML requirements: Impact and strategies for RIAs and ERAs

This constant updating is crucial for preventing non-compliance and ensuring that the financial services business remains reputable and secure against potential legal challenges.

Brankas and Global Finteq team on Lending-as-a-Service in the Philippines

Any platform managing customer funds can transform into a one-stop shop for new loan applications

Bank of Cyprus expands FX pricing capabilities with Integral

Bank of Cyprus extends partnership with Integral to service its client base

Apple shuts down Apple Pay Later

Apple Pay Later was seen at launch as sign that the tech giant was moving away from its reliance on partners for its growing FS business.

PIMFA advocates for delay in SDR rules due to implementation challenges

PIMFA supports the overarching goals of the FCA’s proposals but raises concerns that they do not fully consider the specific needs of the portfolio management market or retail investors.

Judge paves way to end JPMorgan-Viva Wallet valuation dispute

Under the terms of the bank's investment in Viva, Werealize.com loses the right to reject a JPMorgan takeover offer if the fintech is valued below €5 billion in June 2025.

NPCI joins forces with Peru Central Bank to launch UPI-based payments system

The Central Reserve Bank of Peru (BCRP) serves as Peru’s financial regulatory body, tasked with maintaining monetary stability

Financial firms encounter difficulty getting staff to comply with WhatsApp bans

Majority of firms encounter difficulty getting staff to comply with communication rules

Streamlining compliance: The role of advanced client screening in RegTech

This involves assessing the quality of data, aligning with the institution’s risk appetite, and crafting policies to govern the review and discounting of alerts.

British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard

Mike Lynch, once hailed as Britain’s king of technology, has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard.

Australia introduces BNPL rules

To address this, it is planning to amend the act so that providers are required to hold a credit license and comply with existing laws about checks.

ECB consults on outsourcing cloud services

Banks are increasingly using cloud computing services offered by third-party service providers.

Next UK government should make Big Tech pay to fight scams - UK Finance

Authorised Push Payment fraud has soared in recent years, with UK losses of more than $500 million last year.

Klarna labels CFPB BNPL rule 'baffling'

This means that providers must give consumers some key legal protections and rights that apply to conventional credit cards.

Orca Fraud raises $550k in pre-seed round

Using the funding raised, Orca plans to expand its team and build, validate and iterate on their fraud and compliance products.

Cases of de-banking are on the rise

This can be fraud risk, credit risk, reputational risk, or some other apparent risk, for instance stemming from the bank’s concerns about a particular industry, business, or country.

The renewed focus on third-party risk management for banks

FDIC reminds banks that the competitive edge from partnering comes with caveats.

Enhancing compliance: The rise of automation in consumer risk management

Cognitive View, a customer interaction monitoring platform that helps reduce conduct risk and improve customer experience, recently explored why it is time to automate compliance and conduct risk.

Legal,Regulation,Tax & Compliance