Managers of Wealth Fintech

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.

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.

FNZ disputes regulator’s 'outdated' view of platform market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.

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

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

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

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.

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.

In ‘Cum-Ex’ Crackdown, EBA Tells Supervisors to Look at AML Compliance

EBA will amend its Guidelines on money laundering and terrorist financing

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.

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.

MAS Launches S$125 Million Package for Financial Institutions and FinTech Firms to Strengthen Long-Term Capabilities

The support package will help to position financial institutions (FIs) and FinTech firms for stronger growth when the threat of COVID-19 recedes and economic activity normalises.

Japan to ease investment rules to push bank-fintech marriage

Proposal also to make sharing of customer data easier

Carey Olsen advises on ITI Digital's digital assets joint venture

Backing ITI Digital is ITI Group Limited, a Guernsey company owned by Da Vinci Capital, a fintech focused venture capital fund.

Wolters Kluwer First-Quarter 2020 Trading Update

Wolters Kluwer has been focused on the health and well-being of its employees

Telework becomes compulsory in Monaco

Telework is also highly recommended and therefore facilitated as long as this health crisis lasts.

Dutch Central Bank to Crypto Firms: Register in 2 Weeks or Shut Down

The deadline comes as Dutch crypto firms level heavy criticism at a law they call burdensome to the industry at large

Accenture acquires NIKE Group to enhance RegTech and compliance capabilities for clients in Italy

The acquisition enhances Accenture’s RegTech and compliance capabilities for clients in Italy and across Europe.

Mifid II rules on ESG a timebomb for some advisers

Advisers said, currently, there are a limited number of clients that view ESG as an important consideration in portfolios.

Swisscom Trust Services and Cryptomathic join forces to deliver a flexible remote e-Signature service

The joint solution is just the starting point for a long-term partnership that enables customers to choose their best-of-breed model depending on their requirements, region, industry and business model.

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