Managers of Wealth Fintech

J Trust Bank reports fintech startup Crowde for alleged loan embezzlement

However, based on the results of an internal audit, the bank found violations of the Cooperation Agreement, or PKS, particularly in the distribution of loans.

MHA warns public against scammers who 'pivoted playbook' to evade banking safeguards, target crypto assets

While cryptocurrency is largely unregulated, only a fixed number of digital payment token service providers have been licensed by the Monetary Authority of Singapore

SEC dismisses Coinbase action

The SEC’s complaint also alleged that Coinbase’s holding company, Coinbase Global Inc, was a control person of Coinbase and was thus also liable for certain of Coinbase’s violations.

Central bank says Revolut needs licence to do business in Ukraine

The central bank notes that Revolut Bank UAB is a Lithuanian-based foreign bank that provides financial services under a license that allows it to operate in European Union countries.

Singapore Warns of Multi-Stage Scams Posing as Shopee, UnionPay, MAS

The victim is then told that unless they cancel the policy, recurring fees will be deducted from their bank account.

Stripe achieves $91.5bn valuation with employee share sale

The news comes just weeks after reports that the company was in talks to carry out an employee share sale at a valuation of around $85 billion.

Regulator opens consultation on future of Jersey’s telecoms market

Telecoms services and the regulatory framework are critical to Jersey’s economy.

OKX Operator Fined US$505M, Pleads Guilty to U.S. Anti-Money Laundering Violations

OKX’s costly penalty signals growing regulatory pressure on crypto exchanges.

New Zealand Introduces Rule Changes to Welcome Digital Nomads

These updates aim to revive the tourism sector and attract highly skilled talent, helping to address New Zealand’s workforce challenges and drive economic growth.

European Commission Publishes Guidance on Prohibited AI Practices Under the EU AI Act

This alert summarises the Guidance for businesses considering AI use cases that may fall within the scope of the prohibitions

Switzerland to widen tax information exchange to crypto assets

Switzerland is aiming to implement the new reporting framework published by the OECD to incorporate crypto assets.

Payment fraud on the rise: Regulator pushing various initiatives to support clients and industry

With the rise of social media and advanced scamming techniques, banks are increasingly confronted with a type of fraud called Authorized Push Payments

Revolut doubles down on hybrid working

The memo arrives as the the global fintech prepares to move to a recently refurbished tower block in the heart of Canary Wharf

Singapore records surge in mobile wallet scams

The Singapore Police Force is warning of a rise in scams using phished card credentials and mobile wallets.

Canadian securities regulators engage industry on data portability discussions

The CSA Collaboratory’s first project will focus on data portability and the process of collecting client information digitally.

Argentina's President Milei denies crypto fraud allegations

A judge will now determine if the president should face fraud charges over the incident.

Scammer impersonates Bermuda premier, promotes fake token

Since the scammer began posting, numerous Bermuda National Coin tokens have appeared on the Solana-based memecoin launch platform Pump.fun.

EBANX Moves Closer to Full Payment License in Singapore

Currently, 39% of EBANX’s processed volume comes from APAC.

States of Guernsey IT outage results in Data Protection Authority recommendations

The Inquiry also found that prior to the incidents, P&R had failed to implement an IT disaster recovery plan.

Zepz to axe 200 jobs

London-headquartered money transfer outfit Zepz is laying off around 200 employees, according to CNBC.

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