Managers of Wealth Fintech

Ireland Update - Virtual Assets / Proposed AML Requirements

Virtual Asset Service Providers ("VASPs") to be 'designated persons': AML/CFT requirements will apply to a range of VASPs businesses for the first time.

China drafts new antitrust guideline for internet companies

China proposed an amendment to this law in January, including internet companies.

FCA register set for 62-hour blackout

Under the Senior Managers and Certification Regime firms are required to submit data to be published as part of a directory of certified and assessed persons on the register.

South Africa ditches paper cheques

This decision was taken due to the numerous challenges associated with the usage of cheques.

Santander buys Wirecard’s core European business for €100m

Spanish bank beats UK’s Lycamobile for continental payment-processing operations

Wolters Kluwer FRR Named Technology Partner for Regulatory Compliance in Central Banking Awards

OneSumX for FRR, Wolters Kluwer FRR’s best-in-class integrated regulatory compliance and reporting solution suite

Take off with Harneys Tech Accelerator Program

The recent regulatory sandbox regime that came into force on 31 August 2020 is designed to foster the growth of FinTech related businesses and provides a testing ground for start-ups in the jurisdiction.

SimCorp expands partnerships ecosystem with WTax

It comes at a time where many asset owners and asset managers around the globe, are increasingly struggling with the painstaking operational challenge of reclaiming withheld tax, across authorities and jurisdictions.

PwC solution utilises DueDil tech to automate KYB for banking client

Checks that were previously conducted manually will now be fully automated using the DueDil API, enabling the client to deliver an enhanced overall customer experience.

Cryptocurrency Lending Platform Cred Files For Bankruptcy: Users Worry For Their Funds

Cred, the US-based cryptocurrency lending platform, has filed for bankruptcy, as users become even more anxious about the state of their funds.

Canada’s Tax Agency Wants Coinsquare Crypto Exchange to Fork over User Data

The Coinsquare case is similar to the IRS's 2018 demands on cryptocurrency exchange Coinbase.

Ant setback signals reckoning for fintech

Decision by Chinese authorities over IPO underlines regulatory pressures on sector as it expands

OECD to release framework amid inconsistent rules on crypto taxation

The Organisation for Economic Cooperation and Development is next year planning to release a tax-reporting framework for crypto-assets based on the common reporting standard (CRS).

Regulators launch global fintech sandbox

This will enable firms to test “innovative financial products, services, business models or regulatory technology across more than one country or jurisdiction”.

Digital asset legislation hailed as “big win”

“It shows that we are embracing the digital assets space, the Blockchain and crypto space and also provides us an avenue to new industries, which we really need. It’s going to be a big win for us.”

Senior wealth management and financial advice figures gather for PIMFA’s virtual leadership summit

Among the subjects discussed were the Government’s view of the future of financial services regulation after the UK leaves the EU Single Market

CMA blocks investment technology merger

The CMA has ordered FNZ to sell GBST after finding their completed merger could lead to a reduction in the quality of service and higher prices.

Nordic takes over BearingPoint’s regulatory tech business RegTech

In association with Nordic Capital, RegTech has developed an ambitious growth agenda and is set to make consistent investments in the company’s forward-looking, proven, and reliable software solution suite for the expansion of its footprint in the c

UAE central bank issues new rules backing FinTech firms

CBUAE Governor Abdulhamid M. Saeed Alahmadi said: "We are confident that the new SVF regulation will strengthen the public's confidence in the use of digital products and services and foster further development and innovation across the payments

How Will Increased Privacy Regulation Affect Bank Marketing?

Ron van Wezel, senior analyst for the Aite Group, says privacy and data protection are becoming central to bank policies.

Legal,Regulation,Tax & Compliance