The world’s biggest annual fintech gathering got bigger this year with the merger of the Singapore Week of Innovation and Technology (SWITCH) and the Singapore Fintech Festival. This year marked the inaugural SFF x SWITCH.
As FinTech development gathers pace and emerging technologies become a greater part of our lives, so will there be greater collection and use of an increasing amount of personal data in relation to customers, in order to provide more tailored and/or more efficient delivery of financial services. At the same time, the threat of fraudulent activity, such as fake identities using fake accounts, is also rising. These pose a threat to financial stability. In this article, we explore the current risks and regulation around privacy and data security in Fintech in Hong Kong.
Various EEA states have published draft laws or other initiatives with respect to banking and finance regulatory law in order to be prepared for the occurrence of a Hard Brexit. Which approaches are taken by national legislators in particular EEA states? The following overview provides some basic information about the content and status of such EEA states’ initiatives.
Am Dienstag, den 18. Juni 2019, hatten Tanja Aschenbeck (Partnerin, Kapitalmarkt- und Investmentrecht), Nicolas Gabrysch, Robin Eyben und Till-Manuel Saur (alle Corporate Venture Capital) zu zwei Panels im Rahmen der…
„FinTech“ dürfte in der Finanzwelt Potenzial für das „Wort des Jahres“ haben. Doch nicht nur der Begriff, sondern FinTech als solches hat enormes Potenzial – seit einigen Jahren schon möchte eine wachsende Zahl von Unternehmen in der „digitalen Finanzwelt mitmischen“.
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"FinTech" is a contender for the "word of the year" in the financial world. Not only the term, but FinTech as such has enormous potential - a growing number of companies in the "digital financial world" have been keen to be a part of it for several years now.
Various EEA states have published draft laws or other initiatives with respect to banking and finance regulatory law in order to be prepared for the occurrence of a hard Brexit. Which approaches are taken by national legislators in particular EEA states? The following overview provides some basic information about the content and status of such EEA states’ initiatives.
"Investieren wie ein Milliardär" – „Lamborghini fahren.“ – „675% Rendite.“ – „Erstklassige KI-basierte Handelsstrategien, die seit 2012 die globalen Märkte übertroffen haben"… All dies versprach das Unternehmen R. potentiellen Investoren – und wurde nun von der Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin") gestoppt.
On 25 February 2019, the European Banking Authority (EBA) issued its final report on the EBA Draft Guidelines on outsourcing arrangements (the Draft EBA Guidelines on outsourcing). This Final Report follows a public consultation which ended on 24 September 2018. That public consultation was preceded by EBA's publication of a Consultation Paper on the EBA Draft Guidelines on Outsourcing arrangements (the Consultation Paper).
Erlaubnispflichtige Zahlungsdienste können auch im Krypto-Bereich erbracht werden – diese Binsenweisheit wurde nun gerichtlich bestätigt. Dass weder Emittenten oder Händler von Kryptowährungen noch deren Dienstleister im regulierungsfreien Raum operieren, müssen diese mittlerweile des Öfteren „am eigenen Leib“ erfahren.
Under the TRA (transaction risk analysis) exemption, payment service providers (PSPs) are allowed to not apply strong customer authentication (SCA) measures to the initiation of remote payment transactions that they identify as posing a low risk of fraud.