Managers of Wealth Fintech

SILO and BDO form regtech joint venture

The compliance software is currently mainly used by businesses in international financial centres.

EFG turns to Regtech for help in offshore business

The young company, founded in Zurich in 2014, has achieved another coup.

Greensill Capital lines up Grant Thornton for restructuring

However, in a spectacular fall from grace, the FinTech firm could now be heading for bankruptcy, after Credit Suisse froze $10 billion of investment funds that fueled the SoftBank Group-backed finance startup.

Esma to hold open hearing on crowdfunding rules

The consultation paper seeks the views of interested parties on 7 draft Regulatory Technical Standard

Ghana’s central bank launches a regulatory sandbox prioritizing blockchain-related companies.

Ghana's central bank has launched a regulatory and innovation sandbox focusing on projects building on blockchain technology.

Outsourcing for banks improves compliance with regulations

Many of these organizations may not realize that there are outsourcing solutions specifically tailored to their regulatory compliance needs.

European Commission proposes new regulation of digital operational resilience in the financial sector

Examples of disruptions affecting ICT capabilities include, for example, cyber-attacks and other incidents, technological failures, as well as other malicious and non-malicious events.

Challenger Banks - Meeting your Regulatory Obligations

Rapid growth has necessitated investment in the front-end customer acquisition, sometimes at the expense of provisioning middle and back office operations.

Chinese fintech platforms expected to meet capital requirements within two years: regulator

The drive scuppered Ant Group’s $37 billion initial public offering last year and has seen Alibaba’s fintech affiliate formulate plans to shift to a financial holding company structure.

ING hit with €3 million fine by French financial regulator over AML flaws

The measures taken at ING in France are in line with ING’s efforts since 2017 to further enhance the management of compliance risks and embed stronger awareness across the whole organisation.

SEC Examinations Division Issues Risk Alert Regarding Digital Assets

The Division warned that their review of policies, procedures and practices of investment advisers investing client assets in Digital Asset Securities

Fintechs join UK 'Tech Zero' climate taskforce

The group says it plans to set "ambitious, but achievable" emission targets and to help the UK become the top destination for green investment while also helping consumers make greener choices.

ABA Bank picks Alessa for AML compliance

Alessa is trusted by financial institutions to meet their compliance and fraud prevention needs.

Huawei Lawyers on HSBC Exec: «Far More Than a Gopher»

U.S. prosecutors claim that Meng misrepresented the Skycom relationship, allegedly making statements that suggested that the firm was sold to an arms-length third party when it was in fact sold to a parent company Huawei controlled.

Monetary Authority of Singapore issues guidance on remote working

MAS encourages FIs to benchmark their remote working controls against the examples in the Paper.

China Fintech Curbs That Hit Ant Were No Surprise, Ping An Says

“Chinese regulators don’t suddenly throw a regulation at you and say ‘we will do this,’” Tan said while on a visit to her native Singapore.

Nevada Gov Sisolak Wants Blockchain-Based Cities

The project has drawn opposition, however, from the fact that water is already short in Nevada.

UK data adequacy decisions issued by European Commission

The draft decisions show that the Commission intends to designate UK data protection standards as being "essentially equivalent" to those that apply in the EU.

CJEU to rule on data protection breach damages

In addition to injunctive relief and information about his stored data, he also demanded damages under article 82 of the GDPR.

Asia Pacific records USD11.6 billion in fintech investment, with China's fintech sector showing maturity, finds KPMG analysis

Insurtech continues to gain traction among Chinese investors

Legal,Regulation,Tax & Compliance