02/06/2023
Seon acquires AML specialist Complytron
Crucially, the platform will be able to discover hidden, risky relationships on behalf of clients by assessing not only customers, but the people they’re connected to.
Legal,Regulation,Tax & Compliance
02/03/2023
Van Lanschot Kempen enters into strategic partnership with Robeco and acquires online investment platform
The online distribution platform for investment services of Robeco Retail will merge with Evi van Lanschot.
02/03/2023
FIS makes 2600 job cuts
The strategic review is ongoing as Ferris bids to find at least $500 million in cost savings over the coming quarters.
02/03/2023
Judge dismisses class-action suit against Coinbase
The suit sought damages from the sale of the digital assets, arguing that these were illegal contracts because Coinbase is not registered with the SEC.
02/02/2023
PayPal to lay off 2000 staff; SoFi and Upstart terminate employees
The staff cuts will take place over the coming weeks, with some departments impacted more than others.
02/02/2023
Revolut plans 1700-person hiring spree
Neo banking challenger is one of the few fintech ‘decacorns’ to continue to hire amid wider layoffs in the tech sector.
02/02/2023
Freedom Finance extends partnership with lender Koyo
Freedom Finance’s lending technology helps consumers navigate the credit market by matching them with products they are eligible for through a single application.
02/02/2023
Organisations engage pro-actively with data protection registration
The high level of engagement is a positive sign that the ODPA’s key message, for us all to take our data protection responsibilities seriously, is hitting home.
02/02/2023
Coinbase Wins Dismissal of Lawsuit Over Unregistered Securities
The proposed class-action suit, filed in federal court in New York in October 2021
02/01/2023
Central Bank of Ireland warns payment firms about governance deficiencies
The central bank sets out its findings relating to five key areas: safeguarding; governance, risk management, conduct and culture; business model, strategy and financial resilience; operational resilience and outsourcing; and AML/CFT.
01/31/2023
Fiserv Secures Payment License From MAS
Fiserv has a history of payments innovation in Singapore
01/26/2023
IBM profit jumps 16% but company will cut 3,900 jobs
Net profit during the October-December period rose to more than $2.7bn
01/26/2023
Saudi Central Bank engages with fintechs and banks on CBDC
The Governor of Sama Fahad Almubarak says that it has engaged both local banks and fintechs
01/26/2023
Commerzbank sues EY over €200 million Wirecard loss
Wirecard had a credit facility of €200 million with Commerzbank, of which about 90% was drawn at the time of its undoing.
01/26/2023
4 RegTech companies reducing compliance burden in Germany
DataGuard is a Compliance software company focused on Data Privacy and Information Security.
01/25/2023
MAS Grants In-Principle Approval to Payments Firm Flywire
With the in-principle approval, Flywire will be able to provide domestic money transfer services, cross-border money transfer services and merchant acquisition services.
01/23/2023
AI proves helpful for banks facing new cash penalties for settlement failures
According to one report, banks have been hit with penalties of up to €5 million per month under new CSDR settlement rules. As a result, banks are turning to AI to help.
01/23/2023
Tech Nation loses UK government grant to Barclays
Doubt is cast on the future of Tech Nation as the organisation is now “working around the clock” to remedy its funding shortfall.
01/20/2023
Microsoft plans 10,000 job cuts, will take $1.2bn charge
The layoffs come as the software giant said it’s seeing customers exercise caution, with some parts of the world in recession
01/19/2023
Thailand's SEC issues digital wallet rules
Pursuant to the transitional provisions, digital asset business operators who had provided custody of clients’ assets prior to the effective date of the regulations are required to fully comply within six months as from the effective date.