iDenfy, the Lithuania-based RegTech providing identity verification and fraud prevention services, has teamed up with the State Tax Inspectorate (STI) of Lithuania to provide clear guidelines on the EU’s Council Directive 2021/514 (DAC7) and help online platform operators to learn about the new obligation to collect, verify and report their data annually to tax authorities. 

As the cost-of-living crisis continues, many financial institutions may be looking for new ways they can help their customers while meeting their regulatory obligations to support those most at risk of financial distress.    

Today CoinFund, a leading web3 investment firm, announces the publication of  Better Technology, Better System, a whitepaper which outlines the way forward for crypto regulation in the United States with 10 clear regulatory principles.

In 2022, financial institutions in the UK were fined nearly $5bn (£4.04bn) due to money laundering failings.

Fabrick, a European leader in 'Open Finance', and its subsidiary Axerve, Payment Partner to Grow, a provider of accessible and frictionless payment solutions for Ecommerce and physical sales, announce today the release of a new whitepaper, “Alternative payment solutions: how they are changing the payment scene”. This whitepaper explores the ways in which alternative payments are revolutionising traditional banking.  

Bloomberg announced today that clients who use Microsoft Azure can seamlessly access both real-time trading data and reference, pricing, regulatory and point in time historical datasets via a private connection in the Azure Virtual Network (VNet), allowing secure and reliable data access to power high priority apps in the cloud.

Tradesilvania.com, the premium European crypto investment platform, has launched the new Tradesilvania OTC Desk crypto service, available to all users across Europe and offering access to over 2000 cryptocurrencies with 0% commission through parity on multiple currencies (EUR /RON).

Adyen, the global financial technology platform of choice for leading businesses, today announces new consumer research, which shows that subscription services are proving promisingly resilient despite recent economic uncertainty.

Intellect Global Consumer Banking, the consumer banking arm of Intellect Design Arena Limited, today announced the launch of eMACH.ai, the world’s largest Open Finance based Core Banking Platform On Cloud with a pre-integrated Marketplace for the UK  and Europe markets. The platform is hosted on AWS cloud and empowers financial organisations to design signature products and deliver contextual experiences for their customers throughout their life journey.

With many firms yet to launch a mobile app for their savings customers, Monstarlab’s David Titterton, Engagement Director – Banking, Insurance and Financial Services, makes the case for making this leap into the digital era in 2023.

Current State of Market