Managers of Wealth Fintech

FCA takes further action against unregistered crypto ATMs in East London

Crypto ATMs allow people to buy or convert money into cryptoassets.

Senators urge regulators to take action on Zelle fraud

Regulators should "closely review and examine the customer reimbursement and anti-money laundering (AML) practices of depository institutions that participate in the Zelle network," says the letter.

Intesa Sanpaolo Bank Romania joins Ibos network

Throughout 2023, the IBOS network will continue to grow and is motivated to expand its international alliance across the globe. Through IBOS, global corporate business can work locally.

Intesa Sanpaolo signs digital infrastructure deal with IBM

IBM has been researching and developing quantum-safe technology

African-focused FCA-approved digital escrow service Truzo launches

Primarily focusing on digital escrow, Truzo now also offers auxiliary features including multi-currency digital wallets, remittances as well as payments and receipts.

Tazapay Offers Open Banking Payments in Europe Through Volt Tie-up

Additionally, Tazapay will also leverage Volt’s fraud prevention solution to identify and block any suspicious payments by monitoring transactions via a flexible scoring system.

BMA licenses Cash App World

Wayne Caines, PLP backbencher, said in the House of Assembly on Monday that the announcement had made waves on social media.

Bittrex Global customers able to trade Euro Coin

In addition to being able to trade on the world's most secure and regulated exchange, our customers can now enjoy no fees on these trades

Beyond the Pillars—Global Tax Policy in a Digitalizing World

Based on jurisdictions that have implemented or are implementing the Pillar Two global minimum tax, we estimate almost 90% of global multinational entities with revenue above 750 million euros ($794.9 million) will be subject to the minimum tax by 2025.

Regulators in Hong Kong start developing regulatory regime for crypto assets and stablecoins

The regulator plans to take further steps on setting up the regime, with implementation targeted for 2023 or 2024.

Thought Machine to expand headcount 20%, mostly in London

A fintech-providing core banking service to some of the UK’s largest and fastest growing banks is planning to increase its 550-person headcount.

Intesa Sanpaolo signs strategic deal with IBM

Through the agreement with IBM, Intesa Sanpaolo will aim to take full advantage of the opportunities offered by the Red Hat Openshift hybrid multi-cloud platform

JPMorgan restricts staff use of ChatGPT

ChatGPT, which generates text in response to prompts, became a sensation when it was released into the wild by developer OpenAI late last year.

ECB to monitor digital transformation efforts at banks

The survey found that almost all European institutions have a digital transformation strategy, typically consuming a fifth of the IT budget, although the degree of maturity differs.

OpenAI selects Bain & Company for innovative partnership

The news comes as businesses across all industries weigh up how AI technology might boost their operations.

SEI Extends 10-year Relationship with Veritas Investment Partners

Extension Reflects Strength of SEI’s Proposition for Private Client Investment Managers

Mastercard and Visa to face another card interchange class action suit

Businesses with an annual pre-Covid turnover of under £100 million will be automatically included in the claim unless they choose to opt out. Firms with a higher turnover are invited to opt in.

London-based crypto startup Klink Finance gains EU licence

Klink is building a Prize Linked Wallet, that offers cryptocurrency investors the opportunity to store their funds and earn regular rewards on top of their holdings.

Terraform and CEO Do Kwon charged with fraud by SEC

The firm has been accused of misleading investors that believed they were investing in digital asset securities including an ‘algorithmic stablecoin’ that was meant to retain the value to the US dollar.

UK provides legal clarity on issuance of digital securities via blockchain

The Taskforce has previously published legal guidelines on the status of cryptoassets and smart contracts

Legal,Regulation,Tax & Compliance