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Photo: Leaprate The Securities and Futures Commission (SFC) today unveiled new electronic licensing functions on the online platform for submitting information to the regulator, WINGS. These new functions are a key element of the fully digitalised licensing process which the Hong Kong regulator plan

Photo: fxmarkets New docs planned to allow easier comparisons of algos and LP dealing terms. The Global Foreign Exchange Committee (GFXC) is looking to develop standardised cover sheets for disclosures around foreign exchange algorithms and liquidity provider (LP) dealing terms in an attempt to boos

Photo: Coindesk U.S. cryptocurrency users hoping to transfer their holdings from exchange to their own personal wallets may need to comply with new know-your-customer (KYC) requirements under a rule proposed by the Treasury Department Friday. Under the advanced notice of proposed rulemaking, users w

A crypto tax amnesty program could be the fairest way for achieving tax compliance and collection on crypto transactions. Photo: Cointelegraph The United States Internal Revenue Service is blinded by its desire to defeat cryptocurrency. It rushes to enforcement without first thinking about how best

Photo: Bloomberg As long as banks have been operational, money laundering and illicit fund transfers have been a bane of the industry. As our world grows increasingly digital, the importance of anti-money laundering (AML) controls in big banks has grown. As a result, criminal sophistication has incr

Photo: FM Financial market infrastructure provider, CLS announced on Monday its partnership with Finastra, offering Finastra clients access to CLSNet, a bilateral payment netting calculation service. Finastra is a major fintech company with more than 800 clients, mostly corporates and buy side insti

Photo: Bloomberg Amsterdam-based bank, ABN Amro announced today that it is planning to shed nearly 3,000 jobs by the end of 2024 in an effort to digitise the banking structure. The bank looks set to limit its international presence to focus more on the Netherlands. In the press release, the third-la

Photo: FM Compliance and AML professionals face a difficult task. Not only must they source accurate data from an often confusing partner landscape, but they must also use that data in a way that helps their businesses stay compliant, avoid risk, and deter would-be criminals. For people with so much

Photo: Beeks Financial Cloud Beeks Financial Cloud Group plc, a financial markets connectivity provider, announced that it has launched a new service in partnership with the Singapore Stock Exchange (SGX) to remove commercial trade barriers in the country. In an official announcement, Beeks Group me

Photo: Tom Hazan BlackBull Markets recently announced that it has appointed Benjamin Boulter as Global Head of Partnerships in Auckland, effective immediately. According to the press release shared with Finance Magnates, Boulter, who has over a decades experience in financial services and digital ma

Photo: iStock - Kuala Lumpur Cryptocurrency exchange Huobi, a former ‘big three’ platform, is launching regulated services in Malayisa through a local partnership model. Named ‘Huobi Labuan,’ the company has received a digital asset trading brokerage service license in September. After the initial f

Photo: FM New Change FX, an independent data and analytics business, has teamed up with EOSE to further strengthen distribution of their independent FX data and TCA tools. The EOSE is providing New Change FX with a team of expert data sales and business development professionals. This collaboration