12/10/2020
French watchdog fines Google €100m and Amazon €35m over cookies law breach
Cookies are text files that allow websites to remember consumers and their past activity.
Legal,Regulation,Tax & Compliance
12/10/2020
International data transfers: new requirements for the use of standard contractual clauses
What was missing from the Schrems II ruling was any practical guidance for organisations about how to adjust their international data transfers to this new landscape.
12/09/2020
DIFC grants Ebury financial services licence in fintech first
The licence will allow Ebury to enhance the services it offers SMEs in the region, and to do it in or from the DIFC.
12/08/2020
BEC Moves to Full Shareholder Rights Directive II Readiness with Broadridge’s Industry Leading Solution
The firm is using the solution to support the regulatory needs across its network of 26 banks in Denmark.
12/07/2020
MAS Awards Licences to Four Digital Bank Applicants
The licences were awarded to the Grab-Singtel consortium, a Sea Limited subsidiary, an Ant Group entity, and a consortium formed by a Chinese property giant.
12/07/2020
iFast maintains digibank ambitions despite failed wholesale licence bid in Singapore
iFast's consortium, with China's Yillion Group and Hande Group, did not succeed.
12/07/2020
CBA granted banking licence for Dutch subsidiary
Commonwealth Bank of Australia is a step closer to providing better access to European markets for its institutional clients post-Brexit.
12/06/2020
Global Fintech Regulatory Rapid Assessment Study due to Covid-19
This global study seeks to assess how central banks and other financial regulators are responding to the challenges of Covid-19 in regulating and supervising FinTech activities and other forms of Digital Financial Services (DFS).
12/06/2020
ISDA using Digital Asset clearing and DLT technical advances and international legal issues
The ISDA functions to promote safer and more efficient derivatives markets by developing standards like the ISDA Master Agreement and a wide range of related documentation.
12/05/2020
Dutch competition watchdog calls for tighter EU rules to rein in Big Tech role in payments
A market study conducted by the competition watchdog at the behest of the Dutch Ministry of Finance finds that Big Tech companies are strengthening their positions in the payments market through acquisitions and collaborations.
12/04/2020
Updraft raises £16m to help Brits break up with their credit cards
Updraft, a London-based startup promising to help users ditch their credit cards, has raised £16 million in equity and debt.
12/04/2020
US lawmakers introduce act to make stablecoin issuers get banking charter
They also claim that the Covid-19 pandemic has left many low and moderate income Americans shut out of traditional financial services.
12/03/2020
FCA: Robo advice assets up 700% in three years
Consumer awareness of robo advice was also on the up, the FCA found, with the number of people having heard of these services up from 10 per cent in 2017 to 19 per cent in 2019.
12/03/2020
Ardan International implements Financial Risk Solutions (FRS) tech to grow wealth management business
Ardan International, an Isle of Man-headquartered wealth management provider, has adopted Financial Risk Solutions (FRS) technology for its newly launched tier-one wealth management platform.
12/01/2020
Are you ready for the new rules on ESG investment coming into force in March 2021?
The right digital solution isn’t just a tick in the box or a way to avoid further administrative burden – it can enable an increase in client engagement and loyalty and deliver long-term growth.
11/30/2020
Climate change - The low-carbon transition
These policy shifts will drive major changes in business across entire value chains from product design to production, distribution and recycling.
11/30/2020
TransferWise wins restricted banking licence in Australia
TransferWise has been granted a licence to gain direct access to Australia's real-time payment system by the country's Prudential Regulatory Authority.
11/30/2020
Central Bank of Sri Lanka selects SimCorp for front-to-back reserve management
The agreement* aims to deliver the CBSL with increased operational resilience, improved automation and strong support of the bank’s investment strategy.
11/27/2020
New UK tech regulator to limit power of Google and Facebook
Alok Sharma says dominance of a few big companies hurts innovation and curtails customer choice
11/26/2020
Digitisation, COVID-19 prompt reduced headcount at Absa
The economic upheaval caused by the COVID-19 crisis, combined with the group’s digital transformation strategy, resulted in the bank reducing its headcount to 38 472 in 2020 – down from 41 703 in 2017.