Managers of Wealth Fintech

Latham & Watkins Advises PSG in Strategic Growth Investment in 4me

Cross-border team represents the growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth

Agile ESG reporting software key in evolving regulatory landscape

Meanwhile, in the absence of a global framework, corporations are increasingly reporting in alignment with various voluntary reporting standards.

Cayman Islands exceed annual revenue target in six months

This means the level of revenue anticipated for the full year has already been collected within the first 6 months.

Crowdcube partners with SeedLegals to boost EIS investment

rowdcube is working on a number of new product integrations to make it easier for founders to raise cash from retail investors.

Treasury set to shelve BNPL regulations

The consultation also suggested section 75 of the Consumer Credit Act should apply, making BNPL providers jointly liable for the contract with the retailer in the same way that credit card providers are.

PayPoint faces law suit from energy charity

This led PayPoint to make a £12.5m donation to Ofgem's voluntary redress fund and to voluntary agree to remove the clauses in question.

Identity Verification Firm Sumsub to Establish APAC HQ in Singapore

The Asia-Pacific region is one of our top priorities in terms of global expansion.

Quantuma advises Clausematch on Corlytics acquisition

Through the combined products, our clients will be able to show to the regulator how a regulatory change is assessed, implemented and communicated internally

Flywire Singapore Gets MAS Approval for Payment License

With the license, Flywire can continue to extend its merchant acquisition, domestic money transfer and cross-border money transfer services to its customers in Singapore.

Germany’s BaFin provides updated order on the prevention of money laundering at N26

In October 2021, BaFin sanctioned the bank with a €4.25 million fine for money laundering failures.

Encompass unveils whitepaper to guide banks towards pKYC transformation

The whitepaper was authored by Encompass’s KYC Transformation Director Howard Wimpory and Global Head of Industry and Regulatory Affairs, Dr Henry Balani.

Atlanta-based fintech Greenwood in lawsuit over failed acquisition payments

After acquiring The Gathering Spot in 2022, Greenwood, an Atlanta-based fintech, is facing allegations of fraud and missed payments. They’re countersuing.

Block sues Visa and Mastercard over interchange fees

“As retail prices increase in response to inflated fees, consumers can afford less and thus purchase less, reducing output.”

Unpacking Amazon’s legal challenge to its Digital Services Act designation

Online platforms were obliged to self-assess whether they fell within the scope of the VLOP or VLOSE provisions

Ripple scores partial win in SEC lawsuit

The SEC filed suit against Ripple, Garlinghouse and co-founder Christian Larsen in 2020, alleging that they "raised over $1.3 billion through an unregistered, ongoing digital asset securities offering".

Embedded lending: Defacto closes €167m securitisation

Citi and Viola Credit are Defacto’s deal partners for the new securitisation fund.

In-house legal teams must get fit now for generative AI age

Most businesses acknowledge the technology’s potential, but few have managed to really embrace its everyday use in operations.

Bailey calls for 'public debate' on digital pound introduction

A 'major step'

Finmo Eyes Singapore Launch With In-Principle Approval for Payment License

This will grant Singapore businesses access to Finmo’s comprehensive suite of global payments services, including its current product and service offerings across Asia Pacific.

PSR seeks views on recent changes to fees charged by card schemes

It outlines recent changes to these fees

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