Managers of Wealth Fintech

Simple shutdown snafu leaves users unable to access accounts

"Our teams have worked around the clock to resolve issues and make things right. "

First-ever legal framework for AI proposes obligations for developers, users and importers

The proposal also puts forward deterrent fines of up to €30 million, or 6 per cent of worldwide annual turnover in the preceding financial year, for companies flouting the data-related rules.

The FRTB deadline is approaching—are you ready?

Both tests require an accumulation of data over a 12-month period that requires having processes in place for modeling, data collection and testing well ahead of time.

Taxing the digitalized economy

The so called “new taxing right” would be an overlay to existing nexus and profit allocation rules.

UK must learn lessons of Wirecard scandal, warn MPs

"Regulators need to be fleet of foot enough to anticipate the issues that arise as firms scale and must have the specialist knowledge to understand how these new types of institutions work."

HMRC set to crack down on tax evaders’ crypto assets

The recent surge in interest and value in cryptocurrencies is likely to lead to increased scrutiny on its links to organised crime, according to a top accountancy firm.

The impact of the EU digital initiatives on the creation, exploitation of and access to digital rights and assets

Bird & Bird experts are ready to advise and support companies and organisations in understanding the new digital regulatory landscape

ACAMS 12th Annual AML & Anti-Financial Crime Conference - APAC

Three years on, I think we can all agree that the potential of each of these has been clearly demonstrated.

Buck launches ‘ESG dashboard’ for pension schemes

Buck, a consulting, technology, and administration services firm specialising in pensions and employee benefits, has launched an environmental, social, and governance (ESG) dashboard for UK pension schemes.

Open Finance's potential and the digitisation of tax records

Sud examines how COVID-19 and Gamestop have caused a general reappraisal of where financial power lies and the role Open Finance can play in the new normal

Regulatory Future Proofing with In-Memory Computing

Regulatory requirements are increasingly coming with a heavier data ask, prompting a need for faster calculations, more advanced data analytics capabilities and processing performance.

EU takes lead on AI laws

Netflix’s stalling growth, UiPath IPO, Apple ransomware attack

TSB calls on tech platforms to tackle scam adverts

Now, TSB is taking aim at forthcoming online advertising guidance

Finding John Doe: IRS Steps up Enforcement Efforts to Take the Anonymity Out of Virtual Currency

Filed on April 14, 2021, the government’s response provided numerous examples of how the data received in the Coinbase summons required additional requests in order for the exchange to locate actual taxpayers.

Linklaters assists the UK Jurisdiction Taskforce on its Digital Dispute Resolution Rules

The rules follow the publication of the UKJT’s landmark Legal Statement on Cryptoassets and Smart Contracts in November 2019

Banca Sella and Workinvoice form open banking partnership

The collaboration between Banca Sella and Workinvoice will provide the bank’s corporate customers with customer centric convenient solutions to finance their working capital.

FSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’

Suspicious foreign exchange remittances are said to be on a steep rise.

Ambitious plans to boost UK fintech and financial services set out by Chancellor

Ambitious new plans to help fintechs scale up and ensure the UK remains at the cutting edge of digitalising finance were announced by the Chancellor today (19 April 2021).

Terms of Central Bank Digital Currency Taskforce: Terms of Reference

This document sets out the Terms of Reference for the Central Bank Digital Currency (CBDC) Taskforce.

Crypto payments banned in Turkey — Is this just the beginning?

Turkey’s vibrant ecosystem took a hit from the new crypto payments ban, and industry participants speak out on potential implications.

Legal,Regulation,Tax & Compliance