Managers of Wealth Fintech

BSP Cautions Public About AI-Driven Crypto Scams on Social Media

The public is also encouraged to verify the authenticity of social media posts and report any suspicious activities.

European Council prepares for debate on copyright under AI Act

The meeting took place last week was intended to offer the chance to exchange views on copyright and AI and the possible need for regulatory action.

Germany Threatens Fintech Solaris With Fines Over Slow Fixes

While the regulator relaxed measures this year for some of the firms, it has warned that the pressure won’t let up for those that don’t improve controls.

Lithuania fines crypto firm EUR9.3m for Russia sanctions violations

In a statement, the FNTT says "the identities of the company's customers were not properly determined and checked intentionally, in order not to lose a significant part of the income".

Dubai Chambers and VFS Global Sign MoU to Accelerate Trade and Investment Opportunities

Our cooperation with VFS Global will enhance the competitiveness of Dubai’s private sector by facilitating smoother entry into global markets.

Crypto payment service Payeer hit with record $10M fine in Lithuania

Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks.

Regulators Wary of Banks Outsourcing to Tech Firms

The committee is proposing 12 principles for banks and regulators, saying that banks’ boards have the final responsibility in overseeing third-party arrangements.

Edfapay enters Morocco

This significant achievement aligns with EdfaPay's vision to empower the global financial landscape.

EBA issues 'travel rule' guidelines

This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes.

Fintechs accuse banks of sabotage on ‘open banking’

After the Australian Banking Association released a report by Accenture showing only 0.3 per cent of customers are using open banking

EQS Group to acquire Data Legal Drive

The strategic move will confirm EQS Group's leading position in the European compliance SaaS market

Kuwait’s central bank approves launch of new WAMD instant payments system

Among the latest adopters of WAMD are the National Bank of Kuwait (NBK), Kuwait Finance House (KFH) and the country’s first digital bank, Weyay Bank.

EBA Clearing publishes specs to provide PSPs with Verification of Payee at a pan-European level

The specifications are based on the proposal of the European Payments Council’s VOP Scheme Rulebook.

Broadridge Expands Disclosure Capabilities to Help Clients with Complex SEC Filings

Acquires CompSci, a Web-based, collaborative platform for SEC disclosure preparation, XBRL tagging, and EDGAR filing; platform simplifies disclosure complexities with both managed and self-service capabilities

BPI and Other Major Players Join Fintech Alliance Philippines as Members

Looking ahead, the Alliance is preparing for the Manila Tech Summit on AI Unlocked: Shaping Our Digital Future, scheduled for 6-8 August 2024.

Bahamas to regulate banks to offer cbank digital currency

The European Central Bank has signalled it will make it mandatory for euro zone retailers and banks to accept and distribute a future digital euro

Australian AI assurance framework for public sector an important benchmark for private sector

Australia’s state and territory governments are expected to develop their own frameworks that will address their specific considerations while still being consistent with the national framework.

The EU Corporate Sustainability Due Diligence Directive is final: how can companies prepare?

Many companies that will face extensive obligations under the CSDDD will also be subject to requirements pursuant to the Corporate Sustainability Reporting Directive

Apple faces potential Digital Markets Act fine over App Store rules

The Commission’s preliminary view is that none of Apple’s terms “allow developers to freely steer their customers”.

Legal,Regulation,Tax & Compliance