Managers of Wealth Fintech

Encompass unveils whitepaper to guide banks towards pKYC transformation

The whitepaper was authored by Encompass’s KYC Transformation Director Howard Wimpory and Global Head of Industry and Regulatory Affairs, Dr Henry Balani.

Atlanta-based fintech Greenwood in lawsuit over failed acquisition payments

After acquiring The Gathering Spot in 2022, Greenwood, an Atlanta-based fintech, is facing allegations of fraud and missed payments. They’re countersuing.

Block sues Visa and Mastercard over interchange fees

“As retail prices increase in response to inflated fees, consumers can afford less and thus purchase less, reducing output.”

Unpacking Amazon’s legal challenge to its Digital Services Act designation

Online platforms were obliged to self-assess whether they fell within the scope of the VLOP or VLOSE provisions

Ripple scores partial win in SEC lawsuit

The SEC filed suit against Ripple, Garlinghouse and co-founder Christian Larsen in 2020, alleging that they "raised over $1.3 billion through an unregistered, ongoing digital asset securities offering".

Embedded lending: Defacto closes €167m securitisation

Citi and Viola Credit are Defacto’s deal partners for the new securitisation fund.

In-house legal teams must get fit now for generative AI age

Most businesses acknowledge the technology’s potential, but few have managed to really embrace its everyday use in operations.

Bailey calls for 'public debate' on digital pound introduction

A 'major step'

Finmo Eyes Singapore Launch With In-Principle Approval for Payment License

This will grant Singapore businesses access to Finmo’s comprehensive suite of global payments services, including its current product and service offerings across Asia Pacific.

PSR seeks views on recent changes to fees charged by card schemes

It outlines recent changes to these fees

MAS Doubles Down on Investor Protection With New DPT Requirements

MAS will proceed with the proposal to restrict DPT service providers from facilitating lending or staking of their retail customers’ DPTs.

Carey Olsen supports digital asset trading firm Elwood with groundbreaking investment business licence

The Carey Olsen team advising was led by partner and Jersey head of digital assets Chris Griffin

Paradise Mobile signs MOU with AALTO HAPS

AALTO’s Zephyr is described as the most persistent ‘high altitude platform station’ on the planet.

Thai SEC Issues New Rules for Crypto Firms, Bans Lending Services

These new rules will come into effect on 31 July 2023.

Inpay secures EMI licence

The new licence will enable the company to issue electronic money, facilitate digital payments and money disbursements, among other payment services and is a landmark for the business.

Behind Singapore’s Experiment with a Digital Version of SGD

The paper provides a technical overview of the concept of PBM, defining it as “a protocol that specifies the conditions upon which an underlying digital money can be used.

The EU and UK go head to head on fintech regulation

It’s been a busy week for new financial services rules from both the UK and EU, but also a thawing of relations.

TISE & Shieldpay announce strategic partnership to transform private market transactions

Through this partnership, more businesses will have the opportunity to benefit from the efficiency and cost-effectiveness the integrated platform offers

‘Weight of Compliance’ Hits Financial Firms With Two-Thirds Concerned about Committing an AML Breach

SmartSearch warned that sophisticated criminals can easily forge official documents

Lithuania publishes national fintech guidelines

Each of the five objectives will have their own KPIs.

Legal,Regulation,Tax & Compliance