10/05/2023
Brazil’s Itaú stirs fintech competition in Chile with neobank offering
This move echoes the trend of traditional banks venturing into the digital realm in response to mounting competition from digital-only financial providers.
Legal,Regulation,Tax & Compliance
10/02/2023
Alipay+ Launches in Saudi Arabia to Better Connect Local Businesses to Asian Tourists
Alipay+ is now available in over 50 markets outside China across Asia, Europe, as well as the Middle East.
10/02/2023
Distributed Technologies Research licences Dirham-backed stablecoin technology
Global law firm Decherts LLP acted as a legal advisor to DTR and the DRAM Trust for structural and regulatory matters.
09/29/2023
ECB experiments with ChatGPT-style AI
A large language model can also help improve texts, making the ECB’s communication easier to understand for the public.
09/29/2023
Zumo launches first platform that meets new FCA requirements for crypto assets
The FCA’s new regulations mandating enhanced consumer protection measures is coming into place on 8 October
09/28/2023
Implementing Saudi Arabia's personal data protection law
The Implementing Regulations and the Personal Data Transfer Regulations both expand on the general principles
09/28/2023
Belfast-based Options Technology posts pre-tax profit of £10m
Its growth has been backed by a $100m investment in 2019 by Boston-based Abry Partners.
09/28/2023
European Supervisory Authorities publish overview of information and technology used by TTPs
The data collection was the first of its kind, covering ICT-related contractual arrangements for entities across the financial sector.
09/27/2023
The Verve Group launches single dashboard adviser software
Oversight of firm’s compliance, training and business operations
09/27/2023
Compliance costs for financial institutions reaches $206.1 billion
The financial impact of crime resonates through businesses’ financial statements and consumers’ wallets
09/26/2023
Starfish Digital and Standard Chartered partner to support demand for real-time cash management data
The partnership will deliver API-led real-time data for cash management and improved cash visibility to corporate treasury teams
09/26/2023
SAS and Microsoft partnership focuses on banking risk
The partnership expansion comes roughly a year after SAS acquired specialised financial risk management firm Kamakura Corporation
09/26/2023
Kuwait Finance House sheds light on customers rights, regulations of dealing with banks
Kuwait Finance House “KFH” continues efforts to support “Diraya” financial and banking awareness campaign
09/25/2023
CFPB proposes sweeping changes for the handling of consumer data
Under current regulations, the sale of credit report data is strictly limited for any other reason other than what Congress has specified as permissible purpose.
09/25/2023
Hong Kong to strengthen digital currency regulations after JPEX collapse
“The SFC will monitor the situation very closely and ensure that investors are sufficiently protected.”
09/22/2023
How banks are trying to get in front of new AI rules
Banks can use AI in every line of business, including commercial, retail and trading.
09/22/2023
eToro to offer crypto services across EU with Cyprus registration
eToro is authorised and supervised by a number of regulatory authorities in multiple jurisdictions around the world
09/21/2023
Fintech Regulations: New Solutions in a Complex Landscape
Clients may be verified correctly at the beginning, but fraud happens at later stages.
09/20/2023
Ex-Deutsche Bank investment banker pleads guilty to crypto fraud
U.S. prosecutors and regulators have been working to crack down on fraud involving digital assets.
09/20/2023
SEC predicts further crypto charges as enforcement battle continues
We're going to continue to be active as to intermediaries.