Managers of Wealth Fintech

Fintech Regulations: New Solutions in a Complex Landscape

Clients may be verified correctly at the beginning, but fraud happens at later stages.

Ex-Deutsche Bank investment banker pleads guilty to crypto fraud

U.S. prosecutors and regulators have been working to crack down on fraud involving digital assets.

SEC predicts further crypto charges as enforcement battle continues

We're going to continue to be active as to intermediaries.

First AML launches new AML platform, Source

Created for compliance teams in financial services, law firms, accounting firms and real estate agencies, the platform empowers businesses to save valuable time, reduce costs, and eliminate frustrations associated with AML compliance.

Intesa Sanpaolo Bank Albania implements Profile Software’s Treasury platfom

The latest version of Acumen.plus, the leading treasury management platform from Profile Software, featuring new and updated functionality for automated tasks, has been implemented at Intesa Sanpaolo Bank Albania.

How FinTech’s rise demands a proactive approach to regulatory management

The FinTech revolution continues to challenge traditional banking methods.

Growing Risks from Europe’s Shadow Banking Demand Greater Regulatory Scrutiny

The combined assets of such entities in Europe have more than doubled since the 2008 Global Financial Crisis from €15 trillion to €31 trillion.

CIMA amends guidance to accommodate e-KYC and Digital ID Systems

If applied correctly the use of e-KYC has many benefits.

$1.5 Trillion Asset Manager Franklin Templeton Files For US Bitcoin ETF

Franklin Templeton has filed a regulatory Form S-1 with the U.S. Securities and Exchange Commission (SEC) seeking approval for a spot Bitcoin ETF.

Fintech Leads For New Unicorns In August And Two Companies Prepare To Exit

Beijing-based cryogenic equipment manufacturer Fullcryo raised a $111 million Series C that valued the company at $1 billion.

CFTC issues orders against 3 DeFi operators for illegal derivatives trading

ZeroEx, Opyn and Deridex are also charged with illegally offering leveraged and margined retail commodity transactions in digital assets.

Jersey Finance Welcomes Virtual Assets Regulatory Amendments (VASPs)

The new regulations, which were approved in July this year following a public consultation, introduce a ‘travel rule’ for businesses undertaking the transfer of digital assets

Iosco consults on new DeFi regulatory proposals

The Recommendations cover six key areas

Interplay between the application of competition and data protection rules

National competition authorities may conclude that a breach of data protection law has taken place and come to their own conclusions

Regulator sues Westpac over financial hardship notice response delays

All of these customers told Westpac they were experiencing financial hardship.

Incumbent banks ramp up in-office requirements

Banks are starting to monitor employee office attendance, with Citi cutting bonuses for staff that fall below three days a week

Rho acquires fundraising and banking platform Capital in undisclosed deal

Rho, a B2B all-in-one financial platform that allows organisations to bank on, acquired Capital, a fundraising and banking platform for an undisclosed amount

LC Financial Holdings completes BCM Global acquisition

Established in 1998, LC Financial Holdings comprises LCM Partners, one of Europe's leading alternative credit investment managers

SEBA Hong Kong Makes Strides Towards Official Crypto Licence with Regulatory Nod

Amy Yu, CEO APAC, at SEBA Hong Kong, said the approval-in-principle signifies that all its efforts are heading in the right direction.

UK Regulation Urged as New Research Exposes Concerns in BNPL Trends

While the study confirms the convenience factor that BNPL offers, with 82 per cent finding it easy to understand and 76 per cent deeming it easy to manage and pay off, the darker side of this trend cannot be overlooked.

Legal,Regulation,Tax & Compliance