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.
Legal,Regulation,Tax & Compliance
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Earlier this month, FDA issued a revised version of the draft guidance, “Electronic Systems, Electronic Records, and Electronic Signatures in Clinical Investigations: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.
03/23/2023
SEC calls for electronic filing of submissions
During the COVID-19 pandemic, many submissions were made in electronic rather than paper form, which was generally well received.
03/23/2023
Central banks see future for global instant payments via mobile phones
"It paves the way for further development, and we look forward to collaborating with our partner central banks on the next phase of the project."
03/23/2023
Lindsay Lohan and Jake Paul charged over crypto promotions
The US watchdog has also charged crypto asset entrepreneur Justin Sun for the unregistered offer and sale of the tokens
03/22/2023
Stables Announces Big Name Partners to Improve Physical and Online Digital Asset Payment Offering
With Marqeta’s dynamic spend controls and Just-in-Time funding capabilities, Stables’ customers will be able to convert stablecoins into fiat.
03/21/2023
LMG Seeks Digital Compliance and Policy Processes in Clausematch Following Expansion
These two jurisdictions alone are hotbeds for regulatory development, such as the ASIC’s best interests duty RG273, which was introduced in June 2020, or Australia’s anticipation of a GDPR regime.
03/21/2023
Amazon to cut 9,000 more jobs in second round of layoffs
Company will cut roles in the next few weeks, mostly in Amazon Web Services, PXT, advertising and Twitch
03/21/2023
Broadridge and Apex Silver Team Up to Launch New Integrated Cost Basis and Tax Reporting Offering
Leading financial technology providers join forces to offer comprehensive, one-stop solution for regulatory tax information reporting
03/20/2023
WeWork Announces Comprehensive Agreement To Significantly Deleverage Capital Structure and Bolster Liquidity
Results in total funding and capital commitments of over $1.0 billion to support WeWork’s business plan for continued growth