01/03/2024
2024: A critical year for fintech regulation… if policymakers step up
More delays, uncertainty and U-turns are sadly on the horizon this year
Legal,Regulation,Tax & Compliance
01/03/2024
Hong Kong Proposes new Regulatory Regime for Stablecoin Issuers Alongside Sandbox Environment
Under the proposed regime, issuers would require a license from the HKMA to issue stablecoins that reference the value of one or more fiat currencies in Hong Kong.
12/28/2023
Seychelles to Introduce Framework for Regulation of Virtual Assets and Virtual Asset Service Providers
A licence shall be required for VA Wallet Providers, VA exchanges, VA Broking, VA Payment Providers and VA Investment Providers operating in or from Seychelles.
12/27/2023
LAB Group brings automated digital onboarding to Ironbark Asset Management
Ironbark’s clients will now experience a straightforward and easy-to-navigate sign-up process, both for direct and adviser-led prospects.
12/27/2023
Em Conversa: Investing in Early-Stage B2B Founders in Brazil With NXTP
The fund invests in technology start-ups at the pre-seed, seed, and Series A stages with checks ranging from $500,000 to $5million.
12/27/2023
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.
12/22/2023
nCino and Salesforce extend partnership till 2031
The expanded agreement includes deeper integration of nCino with Salesforce platform tools
12/21/2023
Industry Reacts as PSR Finalises its Authorised APP Fraud Reimbursement Scheme
Losses due to authorised push payment scams were £239.3million in the first six months of 2023, according to UK Finance.
12/20/2023
Binance Successfully Completes SOC 2 Type II Compliance Audit
It has also received the ISO 27001 and ISO 27701 certifications
12/20/2023
Iosco issues DeFi policy recommendations
The risks of crypto-asset markets are real
12/20/2023
FinTech firms face hefty fines for communication and recordkeeping lapses
The firm’s procedure was deemed deficient, as it failed to ensure all necessary communications were captured and archived.
12/20/2023
US Bank hit with multi-million dollar fines over prepaid card programme for the unemployed
Office of the Comptroller of the Currency
12/19/2023
DoJ cracks down on fraudsters using microtransactions
The crooks often hide these unauthorised charges using 'microtransactions' which group the charges with a large number of low-value, straw transactions to lower the fraudster’s chargeback rate.
12/19/2023
Guernsey regulator says Sure's broadband prices are "far too high"
The independent regulator has now instructed Sure to lower its prices from 1 April 2024 by 31%.
12/19/2023
US court approves CFTC settlement against Binance and $2.7 billion penalty
As previously announced, the order finds Binance, at Zhao’s direction, actively solicited customers in the United States
12/18/2023
TD Bank Group and Plaid Forge Data-Access Agreement in North America
We know our customers are looking to access new types of services that meet their unique financial needs.
12/15/2023
Regtech scale-up Salv raises €3.9m for UK market expansion
Founded by Wise and Skype alums, Salv says it has doubled revenue in 2023 as banks seek to combat rising APP fraud.
12/15/2023
AI startup Jenesys AI raises $1.1m for B2B accounting breakthrough
The new capital injection will be used for engineering, customer success, and expanding global payment compliance.
12/14/2023
UK payments watchdog proposes cap on interchange fees
The watchdog believes that the card schemes have "likely raised these fees to an unduly high level", at the expense of UK businesses.
12/14/2023
Former Tradeshift CEO faces further allegations of sexual assault against assistant
The B2B payments fintech fired its CEO two months ago over “serious allegations of sexual assault and harassment”