06/09/2020
Regtech Mirrorweb Joins Microsoft Scaleup Program
MirrorWeb clients currently include Liontrust Asset Management, Zurich Insurance Group, Tesco Bank, Bank of England and the Treasury.
Legal,Regulation,Tax & Compliance
06/08/2020
Bill Taxing Digital Economy in Philippines to Kill “Infant” Industry, Says Fintech Sector Group
It takes sustained capital intensive investments and infinitely lot of time before digital goods and services become profitable
06/08/2020
US banking regulator seeks public input on digital currencies, DLT
This public input will help the agency as it updates its policies for national banks and federal savings associations.
06/05/2020
BOCI Securities signs agreement with AQUMON; Robo advice gains traction in wake of COVID-19
The robo advisory offering is provided by AQUMON, a financial technology company incubated at the Hong Kong University of Science and Technology.
06/03/2020
Broadridge Regulatory Update
Who's Ready for Reg BI?
05/29/2020
H1B visa salaries say banks' tech jobs more lucrative than rest
Equally, JPMorgan may not be a proxy for pay in the whole banking sector.
05/28/2020
The use of digital contracts and electronic signatures in the British Virgin Islands
'Electronic record' is defined under the Act as information generated, sent, received or stored by electronic means including electronic data interchange, electronic mail, telegram, telex or telecopy.
05/27/2020
The future of banking technology is here
Chipping in from his office in Dubai, SmartStream CEO Haytham Kaddoura agrees: “The coronavirus caught everyone by surprise and all of a sudden, all everyone was talking about is how to adapt to change."
05/26/2020
Regulatory Compliance Amidst Rising FinTechs in Ghana
FinTechs seek to harness the rapid growth in technology to transform the global financial ecosystem.
05/24/2020
Cayman Regulatory framework for virtual asset services adopted
Attorney General Samuel Bulgin lent his support to the bill, stating that it strikes a balance between new, innovative ways of conducting business and the public interest.
05/22/2020
COVID-19 – Global Implications for Anti-Money Laundering and Counter-Terrorist Financing
With criminals trying to take advantage of pandemic fears, regulators and national governments have warned against an increase in criminal scams and laundering opportunities often associated with crises like the current pandemic.
05/22/2020
FNZ disputes regulator’s 'outdated' view of platform market
Therefore when studying the market in which FNZ and GBST worked, the competition watchdog only looked at other software providers in the retail platform space, which, FNZ argued, had eliminated a lot of real life competition on paper.
05/22/2020
West African Development Bank selects Wolters Kluwer’s OneSumX software for risk management
BOAD selected Wolters Kluwer as its integrated approach to risk management was consistent with its needs and enables balance sheet modeling, stress tests, dynamic financial planning and offers advanced reporting capabilities in more than all the indicator
05/21/2020
European banks call for one-year delay to T2-T2S consolidation project
"In light of recent developments, we urge the ECB to consider a delay of one year in the consolidation project and to bring the deadline to November 2022," the trade bodies write, pointing to the severe constraints on bank resources from Covid-1
05/20/2020
Regulator Demands Access to Credit Suisse Text Messages
The investigators want to know whether the managers used an encrypted-messaging system to keep the content secret
05/19/2020
Indonesia planning 10% tax on foreign digital services
The move was also aimed at boosting public revenue to help mitigate the impact of COVID-19 on Southeast Asia's biggest economy, it added.
05/17/2020
The Fintech Flexibility Of Bermuda
The DABA regulates those in the business of providing digital asset services: digital asset custodians, crypto exchanges, market makers, for instance.
05/13/2020
In ‘Cum-Ex’ Crackdown, EBA Tells Supervisors to Look at AML Compliance
EBA will amend its Guidelines on money laundering and terrorist financing
05/12/2020
Finansinspektionen selects BearingPoint’s Abacus Regulator
Recently, BearingPoint RegTech’s Abacus 360 Banking solution was selected by GCC Capital AB (GCC) for fulfilling its EBA reporting.
05/10/2020
Laws coming to support virtual assets
The RoC notes that while processing times and response rates are not the same as before COVID-19, both have improved in recent days.