Search Results for: financial services
Lawyers are suing international banking and financial services company Wells Fargo
May 15th, 2017
Lawyers for customers: Wells Fargo may have opened about 3.5M bogus accounts Lawyers suing Wells Fargo on behalf of aggrieved customers say the bank may have opened about 3.5 million unauthorized accounts, far more than the figure bank and ...
Federal Court makes order to limit operation of Melbourne-based financial services business
May 9th, 2017
ASIC has obtained an order which requires financial services business “Yes FS” to change how it deals with its clients until the trial of proceedings for alleged breaches of the Corporations Act and ASIC Act, including breaches of the ...
Beware of unauthorised providers of financial services
May 8th, 2017
The financial regulatory authorities of UK (Financial Conduct Authority – FCA) and Honk Kong (Securities and Futures Commission – SFC) have issued warnings to inform investors and public about unauthorized providers of financial services. According FCA’s warning, the Authority believes ...
VC investments in financial services startup shifts in Europe
April 28th, 2017
Venture capital investments in financial services startups are showing a geographical split, with funding for so-called “fintech” companies in the United States cooling but soaring in Europe, according to a new report out Wednesday. Years of hype that led ...
The financial services industry is in top of cybercrime attacks
April 27th, 2017
Cyberespionage and ransomware attacks are on the increase warns the Verizon 2017 Data Breach Investigations Report Cyberespionage is now the most common type of attack seen in manufacturing, the public sector and now education, warns the Verizon 2017 Data ...
ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services
April 21st, 2017
The Australian Securities and Investments Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement, signed today in Melbourne, establishes a framework for cooperation ...
Multinational financial services firm to join the IC3 initiative for CryptoCurrencies & Contracts
April 13th, 2017
Fidelity Labs, the R&D and Innovation unit of Fidelity Investments, is the first in the financial services industry to join faculty members at Cornell University, Cornell Tech, UC Berkeley, University of Illinois at Urbana–Champaign, and the Technion, along with ...
ASIC cancels the AFS license of Financial Services firms
March 25th, 2017
ASIC has cancelled the Australian financial services (AFS) licences of Rebate Financial Services Pty Ltd and Capstone Capital Pty Ltd for failing to comply with a number of their key obligations as financial services licensees. In particular, ASIC has ...
Supervisory Authorities around the world warn for unathorised financial services providers
March 16th, 2017
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Ireland (Central Bank of Ireland), Spain (Comisión Nacional del Mercado de Valores – CNMV), Luxembourg (Commission de Surveillance du Secteur Financier – CSSF), Hong Kong (Securities and ...
FCA UK warns for unauthorised financial services firm
March 14th, 2017
The FCA UK has issued a press release to inform that the below firm has been providing financial services or products in the UK without its authorisation. Almost all firms and individuals offering, promoting or selling financial services or ...
