Managers of Wealth Fintech

RegTech – a watershed moment?

The current developments caused by the crisis and the resulting regulatory, technological and behavioural shifts are a potential watershed moment for the RegTech ecosystem.

EWUB Luxembourg signs up with BearingPoint for tax reporting

BearingPoint RegTech's DAC6/MDR module facilitates the process of complying with the new regulations and enables the identification and a clear tracking of all reportable and non-reportable agreements

Wirecard Scandal Could Give Fintech a Bad Name

Wirecard even toyed with merging with a flagging Deutsche Bank AG, according to my colleagues at Bloomberg News, but the German investment bank thankfully dodged that bullet.

First Bank, Access Bank Tell Customers To Be Wary As Bank Fraud Rises

First Bank and Access Bank Warns Customers Against Bank Fraudsters

Wealth Dynamix Partners with Ortec Finance

By actively connecting the life goals of clients with their investment plans, relationship managers can deliver greater value and reduce excess pressure on service fees, by creating investment strategies that are more likely to satisfy client expectations

Adapting Model Governance to AI/ML Systems for Financial Institutions

As financial services companies, from banks to asset manager to insurance companies, begin adopting AI/ML systems, they will need to tailor their existing policies to address these unique issues.

Former Wirecard chief arrested over missing €1.9bn

Chief operating officer, Jan Marsalek was sacked hours later after the management board’s statement, as he was suspended from the board last week.

Orange ordered to pay rival Digicel close to $280m

France’s competition watchdog found in 2009 that Orange had hindered the rise of rivals in these markets, notably by signing exclusivity agreements with independent distributors and repair shops, prompting Digicel to sue for damages.

TrustQuay signs technology deal with LGL Group

During the selection process, we were impressed by the experience and future plans of the TrustQuay team

Wirecard's missing US$2.1b didn't enter Philippine financial system, central bank says

The search for the missing cash hit a dead end in the Philippines, but the two Philippine banks have said documents purporting to show Wirecard had deposited funds with them were false.

Judiciary goes digital in line with new normal

Guidelines on video conferencing in civil trials are yet to be issued.

With consolidation, Raisin takes on European promise of single market

The consolidation means Raisin can now offer uniform banking services to all of its continental European customers.

IMA Releases New Reports on the Role of CFO in Sustainability

Reports analyze integration of finance professionals in sustainable business activities

Fintech firm Achiko hits Cayman-related compliance problems

Achiko wants to reduce friction resulting from the current domicile of the company in the Cayman Islands

HKMA Spotlights RegTech Use to Implement AML/CFT Measures

Further, technologies such as optical character recognition (OCR) are also applied in pre-filling the application form to simplify the form-filling process.

Financial regulators need to get to grips with Big Tech - BBVA

BBVA’s head of digital regulation, Pablo Urbiola, explains that “the post-pandemic economy will be more digital than ever, and so the regulatory response will be as important as ever".

Cayman Islands introduces new regulatory regime for virtual assets

This briefing provides a high level summary of the VASP Law and the amended legislation above.

US expands digital services tax investigation to cover UK and EU

That has not stopped the UK proceeding with its digital services tax; but then, faced with post-Brexit trade negotiations with the US, the UK was never going to give away a playing card before that process truly gets going.

Thailand regulator, bourse to link database of investment professionals to digital platform

"This is to ensure that such capital market personnel can provide appropriate advice and useful information to investors," he says in the statement.

Can A Virtual Currency Position Be Treated As A Commodity For Tax Purposes

This article addresses whether virtual currency and positions might be taxed as commodities.

Legal,Regulation,Tax & Compliance