04/12/2023
Spanish tax agency to send over 328K notices to crypto holders
According to the fiscal authority, the number of potential taxpayers who failed to declare their crypto assets rose by 40% in a year.
Legal,Regulation,Tax & Compliance
04/11/2023
Payments provider Ryft wins FCA licence to rival the likes of Stripe
This is the next big step for the fintech following its £1.2m seed round in August.
04/06/2023
Luxembourg law enables blockchain use in financial services
The new legislation implements EU legislation finalised last year which provides for distributed ledger technology-based financial markets infrastructure
04/06/2023
Skaleet links core banking platform to Amlyze financial crime kit
The partnership also includes cooperation between the two leading vendors to share best practices on how financial institutions can launch new, innovative, and secure financial services that exceed customer expectations.
04/05/2023
Dutch regtech Fourthline raises €50mn to simplify compliance
In order to hold back the tide of financial crime, a raft of KYC, AML and anti-fraud technologies have been developed.
04/05/2023
EY hit with German audit ban over Wirecard work
Wirecard was a rising blue chip star before its collapse in 2020 following the discovery of a gaping €1.9 billion hole in its balance sheet.
04/05/2023
SEC charges founder of financial aid startup Frank with defrauding JPMorgan
For its part, JPMorgan claims that it found out about the alleged fraud when it sent out marketing test emails to a list of Frank’s customers provided by the company and more than 70% of them bounced back.
04/04/2023
Cross-Border QR Code Payments Connectivity Launched Between Singapore and Malaysia
With pre-pandemic annual traffic between the two countries averaging 12 million visitors, the payment linkage is intended to provide merchants and consumers with a practical means to make and receive payments.
04/04/2023
PRA censures Wyelands Bank for breaching large exposure limits
In March 2021, the PRA required Wyelands to repay its depositors, which has been successfully completed.
03/31/2023
JPMorgan Chase paper investigates quantum deep hedging
The researchers first examined whether existing classical deep hedging frameworks could be improved using quantum deep learning.
03/31/2023
CBUAE to Issue Central Bank Digital Currency Through FIT Programme
In its support of the financial services sector, the programme aims to promote digital transactions, innovation, collaboration and market competition.
03/30/2023
MAS: DBS’ Service Disruption ‘Unacceptable’, Bank Fell Short of Expectations
DBS had notified MAS yesterday morning that its customers were experiencing difficulties logging in to its digital banking services.
03/28/2023
New FDA electronic records guidance prioritizes Digital Health Technology oversight
Earlier this month, FDA issued a revised version of the draft guidance, “Electronic Systems, Electronic Records, and Electronic Signatures in Clinical Investigations:
03/28/2023
Equals Group expands into Europe through Oonex acquisition
Equals will acquire the entire issued share capital Oonex for a total of up to £4.1 million
03/28/2023
Encompass named founding member of Data and Technology for Compliance Alliance
Dr Balani is a veteran of the technology industry, with 30 years of experience in the sector.
03/27/2023
The importance of AI and Biometrics in regulatory compliance in finance
The biggest challenge for fintechs in compliance is the cost of implementing Know Your Customer (KYC)
03/27/2023
SEI Extends Relationship with Evelyn Partners
Five-Year Extension Reflects Strength and Longevity of Strategic Partnership
03/27/2023
Pidgin boost fraud detection with Effectiv tie-up
Effectiv complements Pidgin’s faster payment platform to help financial institutions of all sizes detect and flag threats in real-time across transaction types.
03/24/2023
KlariVis and CLA team on enterprise data initiative for community banks
The KlariVis platform compiles and aggregates high-value actionable data across disparate systems into an intuitive, interactive dashboard that provides financial institutions of all sizes with timely insights that empower teams, drive profitability, and
03/24/2023
Saudi Aramco signs deal with Samsung to localise industrial 5G communication networks
The MoU follows the recent launch of Aramco Digital Company, which aims to accelerate the digital transformation in the Kingdom, and the Middle East and North Africa (MENA) region.