Managers of Wealth Fintech

A Full Reform of the UK Data Protection Regime on the Horizon

The Data Reform Bill will take advantage of the UK’s legislative freedom

MiFID II post-trade reporting: The importance of 3-way reconciliations

The introduction of MiFID II meant that rules were harmonised not only for member states but also for those firms with E.U clients.

Daon joins non-profit Open Identity Exchange

OIX is a non-profit membership organisation that has influenced significant and positive developments to address some of the biggest challenges of building trust in online identity.

Lower tax court treats cryptocurrency gains as taxable income

The decision of the lower tax court of Cologne is the third decision of a lower tax court that confirms the view of the tax authorities

CASS Compliance: The importance of good governance

One of many challenges facing firms is building a culture that promotes change and innovation

First BVI Freezing Order Granted Against 'persons unknown' in Crypto Fraud Case

Given the nature of the respondents as 'persons unknown', the Court permitted ChainSwap to serve the respondents outside the jurisdiction by alternative methods.

Sidley Represents Clearlake Capital in its Acquisition of Kofax

The transaction is expected to close in the third quarter of 2022, subject to customary closing conditions.

Northern Trust Enhances Onboarding Journey for Investors in Private Capital Funds

Agreement with Fenergo Accelerates Fund Managers’ Speed-to-Market and Drives Efficiencies Across the Investor Lifecycle

VP Bank selects Ripjar’s Labyrinth Screening Platform

A core component of this is having the technologies in place to run advanced media screening.

Flagstone receives regulatory approval in Jersey for new international arm

Flagstone International has also partnered with HSBC Channel Islands and Isle of Man, who will provide key operational services and support for the new business.

Spare Technologies granted license as an open banking ancillary service provider in the Kingdom of Bahrain

The license will pave the way for Spare to kickstart their operations in Q2 of 2022

Open Banking pushback shows consumers need guidance

It’s also worth remembering that while the UK’s recent inquiry into the banking industry was to do with competition, Australia’s Royal Commission was about misconduct.

Digital Services Act agreed by EU law makers

Fines of up to 6% of the annual global turnover of will be able to be levied on online platforms and search engines that fail to comply with the new legislation.

European data protection authorities agree to enhance cooperation

The EDPB said there are qualitative and quantitative criteria that the authorities will refer to for collectively identifying when a cross-border case is to be subject to the enhanced cooperation measures.

Fintech MainStreet cuts about 30% of staff, citing ‘incredibly rough market’

In 2020, MainStreet crossed the $1 million ARR run rate threshold and helped the average MainStreet client save $51,000

22-104MR Court finds RI Advice failed to adequately manage cybersecurity risks

The orders were made by consent after ASIC and RI Advice agreed to resolve the proceedings.

Linklaters collaborates with Opus 2 to develop and deploy game-changing technology to transform the management of investigations

Opus 2 Investigations is a secure cloud-based solution that brings together the key evidence in an investigation

Legal,Regulation,Tax & Compliance