Managers of Wealth Fintech

CIMA amends guidance to accommodate e-KYC and Digital ID Systems

If applied correctly the use of e-KYC has many benefits.

$1.5 Trillion Asset Manager Franklin Templeton Files For US Bitcoin ETF

Franklin Templeton has filed a regulatory Form S-1 with the U.S. Securities and Exchange Commission (SEC) seeking approval for a spot Bitcoin ETF.

Fintech Leads For New Unicorns In August And Two Companies Prepare To Exit

Beijing-based cryogenic equipment manufacturer Fullcryo raised a $111 million Series C that valued the company at $1 billion.

CFTC issues orders against 3 DeFi operators for illegal derivatives trading

ZeroEx, Opyn and Deridex are also charged with illegally offering leveraged and margined retail commodity transactions in digital assets.

Jersey Finance Welcomes Virtual Assets Regulatory Amendments (VASPs)

The new regulations, which were approved in July this year following a public consultation, introduce a ‘travel rule’ for businesses undertaking the transfer of digital assets

Iosco consults on new DeFi regulatory proposals

The Recommendations cover six key areas

Interplay between the application of competition and data protection rules

National competition authorities may conclude that a breach of data protection law has taken place and come to their own conclusions

Regulator sues Westpac over financial hardship notice response delays

All of these customers told Westpac they were experiencing financial hardship.

Incumbent banks ramp up in-office requirements

Banks are starting to monitor employee office attendance, with Citi cutting bonuses for staff that fall below three days a week

Rho acquires fundraising and banking platform Capital in undisclosed deal

Rho, a B2B all-in-one financial platform that allows organisations to bank on, acquired Capital, a fundraising and banking platform for an undisclosed amount

LC Financial Holdings completes BCM Global acquisition

Established in 1998, LC Financial Holdings comprises LCM Partners, one of Europe's leading alternative credit investment managers

SEBA Hong Kong Makes Strides Towards Official Crypto Licence with Regulatory Nod

Amy Yu, CEO APAC, at SEBA Hong Kong, said the approval-in-principle signifies that all its efforts are heading in the right direction.

UK Regulation Urged as New Research Exposes Concerns in BNPL Trends

While the study confirms the convenience factor that BNPL offers, with 82 per cent finding it easy to understand and 76 per cent deeming it easy to manage and pay off, the darker side of this trend cannot be overlooked.

Visa and Mastercard plan credit card fee increases

In March, a US federal appeals court upheld a $5.6 billion antitrust class-action settlement

Orion Signs License Agreement with Temenos to Expand Market Reach in Ireland, Bulgaria, Hungary and Slovakia

Financial institutions will benefit from Temenos’ world-class banking platform and Orion’s regional expertise to offer Country Model Bank functionality in these countries

Goldman Sachs to wave goodbye to GreenSky as proposed sale enters final stages

Goldman Sachs’ journey with GreenSky began back in September 2021

Maybank and Broadridge team on securities borrowing tech

The platform's ability to interface with downstream systems enables automation and straight-through processing

US Treasury sets out crypto tax reporting proposal

The form, covering information such as customers’ capital gains and losses, would be sent to both customers and the IRS.

SmartSearch Reveals Worrying Trend as Challenger Banks Display Lack of Commitment to Compliance

SmartSearch has revealed concerns that challenger banks could receive substantial fines and significant reputational damage associated with Anti-Money Laundering (AML) breaches.

Modulus files new order type patent for its white label futures exchange

The Modulus futures exchange made international news previously as the technology upon which FTX built their exchange empire.

Legal,Regulation,Tax & Compliance