Managers of Wealth Fintech

75% of top UK law firms promote their use of AI to clients

79% of UK lawyers said that they expect that AI will have a transformative effect on the legal profession

Elon Musk, Tesla beat Dogecoin manipulation lawsuit

A US district court judge dismissed the lawsuit, saying that “no reasonable investor” could rely on Musk’s Dogecoin tweets for investment decisions.

Flutterwave Secures Licence From Bank of Uganda, and Sets Sights on Young Ugandan Population

Flutterwave shared excitement about the news, highlighting the transformation of the digital payment landscape in Uganda, driven by a young population.

Tech Expenses In Banking Sector May Soar 20% As Regulators Crack Down: S&P Global

Regulators implement stricter measures to improve banks' technology infrastructure and reduce customer downtime.

KWM advises Ant digital technologies on inaugural cross-border Tokenised financing transaction

KWM provided support on all stages of the transaction, with a particular focus on the digital assets-related aspects as well as the innovative cross-border financing structure.

Consultation response released for draft cyber security law for Jersey

There was a feeling that provision could be made to require Banking and Financial Services Providers to enhance their cyber security resilience

Ogier in Guernsey advises on acquisition of crypto ETP issuer ETC Group

The Ogier team was led by partner Tim Clipstone

Asset Managers Split on Potential Impact of New FCA Rules on Investment Research

The survey aimed to gauge asset managers’ reaction to the final rules and to see whether the FCA’s changes to their initial proposals will change the industry response.

URCA releases consultation document for 5G

URCA believes that the consultation document represents a significant step towards the introduction of advanced broadband connectivity in The Bahamas

Jersey Office of the Information Commissioner publishes lessons learned from Data Protection Compliance Audit

The lessons learned will be instructive to all organisations in Jersey that are handling the personal data of individuals.

Compliance experts should help regulate crypto — Silk Road 2.0 founder

Compliance experts explain the importance of working with regulators to ensure that effective crypto laws are passed.

Citi inks referral agreement with Dubai's Network International

Citi has struck a referral agreement with Dubai-based Network International to offer the bank's corporate clients omnichannel payments services in the Middle East and Africa.

Revolut's valuation renews UK fintech investment debate

Revolut – which last month turned a corner with higher profits and timely accounts – could now consider a New York listing, with the UK government set to emphasise London’s appeal.

Deutsche Bank's Postbank settlement rejected by plaintiffs - Reuters

Deutsche Bank’s settlement offer to shareholders that sued them for underpaying for the Postbank acquisition has been rejected by plaintiffs.

They steal 14 million dollars in cryptocurrency with hacker attacks on Cayman Islands exchanges

The suspects had been present in Italy for several weeks and moved frequently between different exclusive locations.

Mastercard to cut around 1000 jobs

Payments firm Mastercard intends to cut its 33,400-strong workforce by three per cent, according to Bloomberg.

PSR sets out next steps for variable recurring payments in the UK

The regulator will now offer updated proposals in the autumn for further stakeholder comment.

Dubai court recognizes crypto as a valid salary payment

Heaver believes this shows a “progressive approach” to integrating digital currencies into the country’s legal and economic framework.

Bank Negara fines local banks for e-banking service outages

It said the investigation revealed that Maybank's failure to quickly recover from unexpected system disruptions caused significant problems with its online banking services for customers and partners.

Finma on stablecoins: “Same business, same risks, same rules”

Rather, the supervisory authority wants to show the industry how risks can be limited and problematic situations avoided.

Legal,Regulation,Tax & Compliance