Managers of Wealth Fintech

Saudi Arabia aims to increase digital transactions to 70% by 2025

The strategy seeks to increase the number of FinTech companies operating in Saudi Arabia from 82 to 230 by 2025

European Banking Authority Asks for PSD2 Review

The EBA has observed that, while some objectives of the PSD2 have started to materialise, there are still many issues and challenges that need to be addressed.

CJEU AG Sets High Bar for Responses to Data Subject Access Requests

The Advocate General argues that organisations should provide individuals with information on the specific recipients of their personal data.

BIS compares projects to transfer central bank digital currencies across borders

The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done.

Accounting platform Autobooks bags $50m in Series C round

Among its partners are established software vendors such as Alkami, Bottomline and FIS.

High season for regulators in crypto winter

In the face of dramatic stock market crashes and collapses, legislators and regulators are turning their attention to novel financial instruments and companies.

BIS Innovation Hub sets out new projects

The Innovation Hub will also expand its portfolio in the areas of green finance and supervisory and regulatory technology (regtech and suptech).

AllianceBernstein to deploy Allfunds Blockchain

The collaboration will offer Allfunds Blockchain solutions across AB’s EU domiciled-global platform.

Federated Hermes Extends Transfer Agency Services Relationship with SS&C

SS&C’s next generation Lyric technology platform and their new suite of fraud detection and prevention solutions showcase how the company continues to invest in key technologies important to our service delivery model.

SIX to offer climate data and analytics in partnership with Urgentem

From today, SIX offers Urgentem’s comprehensive Emissions data set

Charles Schwab pays $187m to settle SEC robo-advisor charges

Schwab advertised the robo-adviser as having neither advisory nor hidden fees, but didn’t tell clients about this cash drag on their investment.

Deciphering stablecoins: A financial stability risk?

Last week, a consultation paper suggested the UK Treasury would give the BoE authority to address the collapse of failed, systemic stablecoins.

M&G signs fintech deal to boost distribution

Fintel and M&G have already partnered on other projects over the past 15 years.

SEC scolds Schwab over robo disclosures

Firm touted lack of fees while making money on investors’ cash holdings

SocGen converts derivatives back office to FIS Cleared Derivatives Suite

As part of the agreement, the investment bank and financial services group will transition their existing derivatives clearing and settlement IT environment to FIS Cleared Derivatives Suite.

CBK set to regulate financial super-apps

The platforms host apps from different businesses including banks, airlines, and utility firms, making them popular among consumers seeking the convenience of a one-stop solution.

Swiss cantonal bank BLKB turns to NetGuardians to fight payment fraud

BLKB has 850 employees, 25 branches and total assets of over CHF 32 billion ($32.8 billion).

What disrupts the disruptors? Tech industry leaders sound off on emerging issues

Security, data, and regulation are seen as areas with the most disruptive potential.

Societe Generale embarks on derivatives tech transformation with FIS

The two companies have a long-standing relationship.

Hong Kong takes further step towards cybersecurity legislation

The rules define the security classification of administration's information, requiring administrative departments to classify their information and to take proper measures based on the classification in order to protect the information in storage an

Legal,Regulation,Tax & Compliance