Managers of Wealth Fintech

Guernsey businesses to register with Data Protection Authority before end of February

Being able to demonstrate this independence played a critical role in the Bailiwick renewing its ‘adequacy’ status with the European Commission.

Shift4 Payments and SEC reach disclosure violation settlement

The SEC has found Shift4 violated reporting and proxy solicitation provisions of the Securities Exchange Act of 1934.

FSB examines the relevance of climate transition plans for financial stability

Broader adoption of transition plans and continued efforts towards standardisation, including by international organisations and standard-setters, are key to making transition plans usable by financial authorities.

BIS Innovation Hub sets out 2025 work programme

BIS Innovation Hub projects are experimental in nature, for the purpose of investigating technological and practical feasibility.

Insurers’ cyber resilience under PRA spotlight in 2025

The regulator has decided to postpone its previously announced dynamic general insurance stress test

CFPB takes aim at digital payment privacy and consumer protections

The watchdog has put out a request for public input into how it can strengthen protections for users of digital payments that do not go through banks and credit unions.

Digital Rupiah Inches Closer with Successful Completion of PoC

The PoC represents the Immediate State phase of Project Garuda

Skyee Receives In-Principle Approval (IPA) for Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS)

Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading cross border payment solution provider in China, Europe, North America and North Asia.

JPMorgan files suits over Viva Wallet dispute

JPMorgan Chase has filed new lawsuits in the UK and Greece connected to its investment in fintech Viva Wallet.

Singapore Passes Scams Bill to Restrict Bank Accounts of Potential Victims

Critics have raised concerns about balancing financial autonomy with protection.

Virtual asset service providers and the Travel Rule

The Travel Rule aims to enhance transparency and mitigate illicit activities such as money laundering and terrorist financing within the cryptocurrency ecosystem.

Cambodia Introduces New Regulations on Cryptoasset Use, Licensing

The regulation aims to manage the growing use of cryptoassets while safeguarding the financial system from associated risks.

Rakkar Secures License for Digital Asset Custody in Thailand

The company is currently preparing to activate the license and begin operations in the country.

Thomson Reuters acquires tax and accounting automation software firm SafeSend for $600m

Announcing the deal, Thomson Reuters says SafeSend’s tech is currently being used by “70% of the country’s top 500 firms”.

Dave faces US lawsuit

The action also alleges that Dave engaged in hidden fees, misuse of customer tips and inadequate cancellation processes for recurring charges.

Drama-prone fintechs face mixed regulatory environment in 2025

In Europe, by contrast, policymakers continue to take a cautious approach to the industry.

Central Banks Need to “Raise Their Game” as AI Gains Steam, BIS Says

There are also implications for inflation — firms that use AI may be able to adjust prices more quickly on the back of macro changes.

City regulators to start oversight of tech firms that provide ‘critical’ services to UK

New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at risk

Italy’s data protection authority cracks down on OpenAI for privacy violation

This case forms part of broader regulatory efforts across the globe, particularly in the U.S. and Europe

EPC issues RFP for API Test Toolbox for verification of payee

The RFP will run from 23 December 2024 and the deadline for submissions, is Friday 17 January 2025.

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