Tag: FINMA

The upcoming Artificial Intelligence (AI) legislation, notably the European Parliament's Artificial Intelligence Act, is poised to redefine the regulatory landscape for financial institutions. Touted as the globe's inaugural framework for "trustworthy AI," the act is set to amplify the compliance obligations of anti-money laundering (AML) and anti-fraud teams. However, this impending challenge is mitigated by the availability of purpose-built AI solutions tailored to meet these burgeoning requirements.

WealthArc, a major player in the WealthTech industry, has recently highlighted key components of the Financial Services Act (FinSA) or FIDLEG compliance and how its platform aids companies to meet the Swiss Financial Market Supervisory Authority's (FINMA) expectations.

Swiss financial institution SEBA Bank will be issuing its Series B equity to its shareholders as blockchain security tokens.

The Facebook-led Libra Association is reportedly gearing up to launch its cryptocurrency at the start of 2021.

The European challenger bank market is about to get more crowded as YAPEAL secured a FinTech banking licence from FINMA, Switzerland’s independent financial markets regulator.

Switzerland’s financial market regulator FINMA has released a new FinTech licence and revised requirements for the sandbox.

Crypto Fund AG has become the first and only crypto company to receive authorisation from the Swiss Financial Market Supervisory Authority FINMA.

Cross-border payments company Eurogiro has partnered with payments technology platform Inpay.