compliant in Europe - FinTecBuzz

eflow Global alerts European firms about rising eComms regulatory fines

eflow GlobalNovember 6, 20246 min

Regulatory fines for deficiencies in electronic communication surveillance surge by 602% to $666 million in Q3 2024, as the FCA launches a probe into UK firms’ monitoring of encrypted communications. To help combat this, eflow introduces upgrades to its TZTS and TZEC regulatory technology, offering seamless integration of eComms and trade data to enable holistic market abuse surveillance. eflow Global, a leader in regulatory compliance technology, has today warned European financial firms to brace for...

Platforms

DriveWealth Receives European Brokerage License from Bank of Lithuania

BusinessWireOctober 31, 20244 min

Lithuania will become DriveWealth’s base of operations for its European brokerage partners with plans to expand the team based in Lithuania

Crypto Currencies

IDnow joins consortium to make crypto new EU regulations compliant

PRNewswireFebruary 13, 20245 min

System to achieve full compliance of Crypto Asset Service Providers and self-hosted wallets with AML regulations and the Transfer of Funds Regulation

Banking

Striga Powers Bitwala’s Comeback to European Crypto

PRNewswireNovember 9, 20235 min

In a remarkable comeback, Bitwala, once renowned as the goliath of crypto banking in Germany and the EU, has relaunched to reclaim its status as a pioneer of cryptocurrency in Europe. Late last year, Nuri, as it was formerly known, ceased operations and returned customer funds, leading many to believe it was the end of an era. However, with the support of Striga, compliant crypto & banking APIs, it has relaunched under its original name, Bitwala. Bitwala’s relaunch focused on returning to its core offering, which centers around...

Compliance & Scoring

United States MSB license makes MetaTdex more compliant

PRNewswireNovember 4, 20228 min

On October 24th, Eastern Time, MetaTdex successfully obtained a United States MSB license (Money Services Business), and that will help MetaTdex to further its global compliance strategy. This license is a financial license approved and issued by FinCEN (Financial Crimes Enforcement Agency) a bureau of the U.S. Department of the Treasury. Which allows MetaTdex to conduct digital currency transactions in a safe and compliant process. The Department of the Treasury and the SFO （Securities and Futures...

Security

Alterest Is SOC 2 Compliant

BusinessWireSeptember 29, 20224 min

Leading technology provider to financial markets establishes gold standard security posture and commitment to protecting customers' data

Payments

Token Secures $15m Series B to Power Open Payments across Europe

BusinessWireJanuary 28, 20216 min

SBI Investment, Sony Innovation Fund by IGV and existing investors back Token to unlock new value in open banking digital payments

Crypto Currencies

Crypto.com Appoints General Manager, Europe

FTB News DeskJanuary 13, 20203 min

Former Binance Executive Joins to Spearhead European Expansion

Insurance

Plug and Play Insurtech Selects 14 Startups for Batch Three of their Insurtech Europe Program

PRNewswireOctober 3, 201912 min

Insurtech Europe, Plug and Play’s Insurtech platform based in Munich, Germany, announced the 14 startups that have been selected for its third batch. The winter program aims to facilitate opportunities for pilots, POCs, and new relationships between the selected batch startups and Plug and Play’s global ecosystem with a special focus on the corporate partners Munich Re, Generali, Versicherungskammer Bayern, Talanx, Irish Life, Willis Towers Watson, Swiss Re, Covea and the most recently, Baloise. “Plug and Play is...

Blockchain

Brickblock Tokenizes the First Property in Europe

FTB News DeskMarch 29, 20196 min

Brickblock, a technical service provider based in Berlin, has tokenized a residential real estate vehicle carrying a property in Wiesbaden, Germany. It is the first transaction in the EU for which shares are represented on the blockchain.

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