Managers of Wealth Fintech

Hedge funds’ Tether attention trigger calls for transparency

Tether (USDT) is a stablecoin, meaning it is pegged to a currency

Novicap inks €200m funding deal with Fasanara Capital

The new cash will enable Novicap to expand its credit platform, lending to firms across Europe.

Bitcoin Group to acquire Bankhaus von der Heydt

Bankhaus von der Heydt holds a full banking license and is one of the leading providers in Germany offering custody and tokenization of digital assets.

WealthKernel to power educational investment platform for teens tendy

Set to launch early next year, tendy aims to bring “responsible investing” to the next generation.

FCA sets out ideas to improve information provided to retail investors

Firms will still be required to follow PRIIPs and UCTIS disclosure requirements until the new regime comes into effect.

Bahamas attorneys file emergency motion in FTX case for access to databases with client information

Google’s technology served as an analytics platform for FTX International’s data.

Santander UK fined £107.7m for repeated AML failures

The FCA highlighted one case where a new customer had opened an account as a small translations business with expected monthly deposits of £5,000.

Starling set to create 1,000 jobs in new Manchester office

CEO Anne Boden said there was “never any doubt” that Manchester would mark the bank’s first step into the North.

Carey Olsen recognised as a leading offshore law firm for FinTech in Chambers 2023

Carey Olsen was also ranked Band 2 in the Cayman Islands

ECB publishes documentation on digital euro prototyping exercise

The material published provides the information needed by any market participant to develop front-end prototypes compatible with the Eurosystem’s back-end infrastructure

Court backs cryptocurrency exchange bid to trace alleged fraudsters

The six cryptocurrency exchanges have also been ordered to explain

Bybit lays of more staff to weather crypto storm

The twitter post sparked an anxious response from jittery users

Withers tech advises vacation rental software platform Lodgify in $30 million Series B funding round

Withers is at the forefront of thought leadership for real estate and hospitality innovation.

TrustQuay signs technology agreement with Perpetual Guardian

Having been in business for more than 135 years – and with offices around the country servicing over 140,000 client relationships – Perpetual Guardian has unsurprisingly amassed a complex and varied landscape of legacy software.

EU agrees new rules on online credit

The legislation will cover credit agreements of up to €100,000.

Fintechs savaged over Covid loan fraud

Similar investigations in the UK found that £1.1 billion of loans in the Bounce Back Loan scheme were suspected to be fraudulent.

Meta GDPR fine levied over data protection by design and default

The enforcement action taken by the Data Protection Commission (DPC) also includes an order for Meta to bring its personal data processing into compliance with the requirements.

NIS2 cyber laws approved by EU legislators

The NIS2 is likely to have effect in national legislation across the EU by early October 2024 at the latest.

Australian banking system cushioned for imminent climate change-related risks - regulator

The study predicted bank losses could be higher from lending to sectors that more exposed to risks associated with transition to a lower emission economy, such as mining, manufacturing and transport.

Cloud gaming and mobile browsers market investigation opened in the UK

Market investigations generally must be completed within 18 months

Legal,Regulation,Tax & Compliance