Managers of Wealth Fintech

SEC charges Future Fintech CEO with fraud and disclosure failures

The SEC also charged Huang with failing to disclose his beneficial ownership of Future FinTech stock as well as transactions in such stock.

Circumvention of identity controls accounted for 42% of Bank Secrecy Act reports

The report also found that compromised credentials have a disproportionate financial impact as compared to other types of identity exploitation.

FCA warns P2P lenders and crowdfunding platforms

The UK financial regulator has fired shots across the bows of a number of fintechs offering equity crowdfunding and peer-to-peer lending

‘Resistance is futile’: Why Nigeria rolled back crypto restrictions

The Central Bank of Nigeria's decision partly comes in light of a shift in attitude from regulators around the world in terms of how best to oversee what is already a $1tn industry.

South Korea to follow U.S. footsteps on coin mixers with potential sanctions

A cryptocurrency mixing service is a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others to obscure the trail back to the fund’s original source.

FinTech Salmon becomes a licensed bank in the Philippines

The transaction also supports the Rural Bank Strengthening Program launched by the BSP in 2022

SEC approves physical bitcoin ETF in the US

Investors and crypto aficionados hailed the SEC's decision, which comes more than 10 years after Cameron and Tyler Winklevoss first applied to create the funds in 2013.

Revolut faces US class action suit over biometric data collection

The plaintiff is seeking an order declaring that Revolut's conduct violates BIPA, requiring the firm to stop the collection, and the award of damages.

Big Tech firms begin fight back over regulatory oversight of digital wallets

These firms would have to adhere to applicable funds transfer, privacy, and other consumer protection laws.

Custodia forecasts 2024 compliance challenges in FinTech

These frameworks have expanded existing electronic communication and trade surveillance requirements, thus encompassing a wider range of market segments under record-keeping obligations.

CoinTracking releases crypto tax tool for UK investors

The leading crypto tax software since 2013, CoinTracking, has addressed these challenges and becomes the go-to solution for investors.

Temenos and Deloitte US Join Forces to Accelerate Platform Modernization of US Banks in the Cloud

Deloitte signs partnership agreement with Temenos to help large US banks modernize core banking and payments capabilities

ECB ramps up preparation phase for digital euro with calls for component providers

As such, the ECB is now calling on vendors to submit applications to lead these developments.

SEC reissues crypto ‘FOMO’ warning amid hope for spot Bitcoin ETFs

Social media users have pointed out that the regulator’s “no go to FOMO” warning comes amid heightened anticipation over spot Bitcoin ETF approva

G20 faster payments roadmap could boost financial crime

FFIS calls for ‘economic crime security by design’ to be integrated at the design stage within the payments reform policy-development process.

Revolutionising fincrime detection: Fenergo CLM & transaction monitoring’s unified approach

Fenergo steps in with its Client Lifecycle Management solution, integrated with Transaction Monitoring capabilities, to combat money laundering and terrorist financing.

ECB to run first cyber resilience stress tests

Banks will then test their response and recovery measures, including activating emergency procedures and contingency plans and restoring normal operations.

US’ FinCEN implements stricter reporting to combat financial crimes

The process is designed to be straightforward, secure, and free of charge.

2024: A critical year for fintech regulation… if policymakers step up

More delays, uncertainty and U-turns are sadly on the horizon this year

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.

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