Managers of Wealth Fintech

MAS targets cross-border connectivity in wholesale CBDCs

MAS is studying possible mechanisms to maintain connectivity across CBDC and other heterogenous digital currency networks.

Withers tech advises as climate fund ETF Partners leads on £10 million Series A investment

Withers tech is the technology, life sciences and venture capital focused team at international law firm Withers.

Hampleton Partners Advises on Sales of Omnio Edge To IBM

Omnio Edge will become part of IBM's Sustainability Software portfolio

FE fundiinfo expands European ESG data provision

The collaboration will give MSCI’s ESG and Climate clients the ability to pair FE fundinfo’s whole of market EET data

Fintech layoffs continue with digital bank Chime cutting 12% of staff

First Chime had to stop calling itself a bank, now it has to axe 12% of its staff.

Credit Karma freezes hiring amid “revenue challenges”

One of fintech’s unicorn successes, bought by Intuit two years ago, has paused hiring.

Key financial crime and anti-money laundering risk areas for businesses revealed

The report comes as the International Compliance Association warns that financial crime now accounts for 3.6% of global GDP as criminals acquire more sophisticated means of laundering money and financing terrorism.

MAS grants payments institution licence to Paxos

Paxos is now able to offer its leading digital asset and blockchain products and services

Target Group Makes a NICE Selection for Fraud, AML and KYC Solutions

The AML Essentials solution will be used to monitor suspicious activity while supporting customer due diligence and watchlist screening capabilities.

Singapore moves to digitalise bankers' guarantees and insurance bonds

It was jointly developed with the Association of Banks in Singapore (ABS) [1] and in consultation with the General Insurance Association of Singapore (GIA).

Saudi: AlUla signs IBM to implement smart city project

The Saudi Ministry of Investment also signed an agreement with Brazilian tech company Ocellott, aimed at collaborating to develop an innovative propulsion battery system for future projects of electric vehicles at the event

The Swedish FSA continues investigation into Swedbank IT-incident

Swedbank has taken forceful measures to prevent this from happening again.

Egypt's Money Fellows raises $31m to digitise money circles

By digitising money circles, Money Fellows says it is helping users to broaden their potential pool of partners beyond the traditional group of close friends and family.

Saudi Central Bank licenses new fintech company to provide e-wallet service

This brings the total number of payment companies licensed by SAMA to 22

OCC sets up fintech office

The new office will be led by an as yet unnamed chief financial technology officer, who will be a deputy comptroller reporting to the senior deputy comptroller for bank supervision policy.

How banks can benefit from implementing data governance

Banks in particular need to derive value from data for both the innovation and modernization of their operations as well as for continued compliance and ethical management of the data they work with.

TD Asset Management Inc. Announces Risk Rating Change to the TD Global Technology Innovators Index ETF

This risk rating change is based on the standardized risk classification methodology mandated by the Canadian Securities Administrators

Deel and WeWork strike partnership

The deal will see WeWork and Deel capitalise on the skyrocketing trend of recent years that has seen increasingly distributed teams.

EU preps rule for mandatory instant payments in euros

PSPs would then have six months to be ready to receive instant payments in euros in the euro area. They would have a year for sending instant payments in euros.

ASIC sues BPS Financial for alleged misleading statements about crypto-asset Qoin

ASIC is seeking declarations, pecuniary penalties, injunctions and adverse publicity orders from the Court.

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