Managers of Wealth Fintech

The future of RegTech – what do firms really want?

Increased efficiency created by implementing RegTech solutions was the next most commonly cited benefit, improving the company’s position and staying competitive.

A virtual space with real regulation

How does the MFSA regulate Virtual Financial Assets?

Japan's Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit

The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation.

Kuwait Central Bank cautions against crypto-assets

Banking regulators believe digital currencies pose a threat to the global financial system

Hong Kong SAR: Amending AMLO: The Next Step on the Road to Regulating Virtual Assets

In the Conclusion the FSTB has confirmed the approach it will take will be in line with most of the proposals in the Consultation Paper

American bank chiefs express caution over cryptocurrencies

Citigroup, Wells Fargo and BofA CEOs among attendees at fiery Senate hearing

Open Banking: Why we need to rethink the ‘90 day’ rule

The ’90-day’ rule as it was soon called, started to impact open banking providers as soon as it came into force in 2018.

Catch up in the cloud – regulatory reaction to COVID-19

While the industry has experienced an oft-touted acceleration towards digital services since the start of the COVID-19 pandemic, what are regulators doing to keep track?

Full Steam Ahead: Second Draft of China's Personal Information Protection Law and Data Security Law

The effect of this article is that online platform service providers based overseas, may need to comply with the above requirements even if they do not have an onshore presence, and/or will have to establish an office or appoint a legal representative in

Esma launches call for evidence on digital finance

Digital transformation and the application of innovative technologies in the EU financial sector bring a host of opportunities, including better financial services to a wider range of businesses and investors, possibly at a lower cost.

Broctagon acquires Labuan Money Broking License

Broctagon’s new Money Broking Licence is officially approved by the Labuan International Business and Financial Centre

Arab Financial Services and Discover sign network alliance agreement

Discover, Diners Club International and network alliance cardholders will be able to use their cards for the first time in Bahrain through this strategic alliance.

Compatibility test: Can I process lawfully collected personal data for a new purpose?

This is also connected to other principles of processing.

China bans financial, payment institutions from cryptocurrency business

China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies.

European Central Bank castigates banks over instant payment fees

However, instant payments are sometimes offered to consumers for €1 per transaction.

Goldman bets on UK anti-money laundering start-up

Bank invests in company aiming to benefit from efforts to combat financial crime

BVI introduces data protection regime

The background to this is of course the drive for the BVI to become equivalent with the UK and European Union in this area, in particular under the EU’s General Data Protection Regulation.

The rise in scams and the threat to a legitimate financial services industry

The FCA detected the promotion on the same day it appeared and started immediate inquiries.

Road to Recover Class Action Proceeds Grows More Complex for Investors, Broadridge 2021 Global Class Action Annual Report Highlights

The Broadridge Global Class Action Annual Report offers an in-depth analysis of the 10 most complex class action recovery opportunities from 2020 involving financial instruments.

Commission may require notification for some small mergers in digital markets

The criteria proposed present a number of potential complexities which will need to be resolved before the guidelines enter final form.

Legal,Regulation,Tax & Compliance