07/29/2020
Singapore's DBS and GovTech pilot Singpass face verification technology
Signing up for digital banking services with DBS just got faster.
Legal,Regulation,Tax & Compliance
07/29/2020
Kuwaiti social media influencers named in online money laundering probe
Fouz Al Fahad, Farah Al Hady and other high-profile personalities are part of an investigation into e-commerce site Boutiqaat.com
07/29/2020
Mastercard Exec Reportedly Linked to Suspect Transactions at Cyprus Bank
Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus.
07/28/2020
Private Investigator Tech Startup Charged in $18.5 Million Fraud
Funds allegedly were diverted by the CEO for private jet charters, vacations, a luxury car, jewelry, and mortgage payments.
07/28/2020
The Chamber of No Secrets: What Tech and Data/Content-Driven Companies Need to Know about the Hong Kong National Security Law
On 30 June 2020, the Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region (NSL), was passed by the Standing Committee of the National People’s Congress in China and officially l
07/26/2020
Japanese Fintech Regulation Update: New Regulatory Framework for Financial Services Intermediary Business
The FSIBO is required to keep books and records in accordance with the ASFI and to prepare an annual business report to be filed with the regulators within three months after the end of each business year.
07/26/2020
HSBC denies reports that it 'fabricated evidence' on Huawei
"HSBC has not fabricated evidence or concealed facts, nor will it distort facts or harm any customers for our own benefit."
07/24/2020
Unlocking new value with tax innovation
Driving tax function effectiveness with technology and talent
07/24/2020
The New Deadline for EMV Liability Shift Is an Opportunity to Upgrade to Better Payment Connectivity Solutions, According to TNS
TNSLink for Retail is a fully managed, PCI-compliant connectivity solution for retail stores that connects an array of devices, such as outdoor and indoor payment terminals, PIN pads, AFDs and media devices that stream content and support back-office syst
07/24/2020
Folk2Folk joins with CrossLend to tap institutional investors
CrossLend is a Berlin-based, European digital debt marketplace platform which connects loan originators such as FOLK2FOLK and institutional investors.
07/23/2020
SMBC joins Countour Beta Framework after extensive testing by 50 banks and corporations
Contour digitizes the trade finance workflow
07/23/2020
Wirecard ex-CEO, board members arrested for fraud: German prosecutor
Ex-CEO Markus Braun, who had already been arrested before being freed on bail over market manipulation, and the board members were detained on Wednesday in Munich, prosecutors said.
07/22/2020
Nomura Signs MOU related to BOOSTRY Security Token Business
Under the MOU, the three companies also plan to form a business alliance regarding BOOSTRY’s operation and business.
07/22/2020
BVI issues guidance on regulation of virtual assets
The Guidance clarifies whether certain types of virtual asset product and their related activities are captured under the existing financial services legislation;
07/21/2020
Desperate S. Africans Lured into Investing in Crowd1 Despite Probe, Warnings
Crowd1 has been touted as the next generation marketing network but there are warnings that it’s nothing more than a get rich quick scheme that is bound to leave many in debt and tears.
07/21/2020
Kenya to regulate loan rates of digital lenders with proposed law change
Like other commercial banks, these platforms would need regulatory approval before any major change.
07/21/2020
SEC Charges Silicon Valley Start-Up and CEO With Defrauding Investors
The SEC’s complaint, filed in the U.S. District Court for the Northern District of California
07/20/2020
Review launched to boost UK Fintech sector
A review into the UK’s financial technology industry has been launched today to identify opportunities to support further growth in the sector, The Economic Secretary to the Treasury, John Glen, has announced.
07/20/2020
European intervention on Wirecard is welcome
Accounting scandal highlights deep flaws in national supervision
07/20/2020
MUFG Investor Services Selects Broadridge for Sophisticated Loan Tracking and Reporting Technology
Besides managing day-to-day loan administration, the Sentry Loan Portfolio Management system allows users to monitor compliance issues and reconcile and aggregate data to streamline or automate processes.