GK8 by Galaxy’s Post

Is your financial organization struggling with compliance, security, or document management? Say goodbye to manual processes and welcome a new era of efficiency with Nitro’s secure and compliant digital document solutions. From PDF editing to eSigning to analytics, we’ve got you covered. Join top financial organizations like Equiniti, BNY Mellon | Eagle Investment Systems, and Lloyds Banking Group that trust #Nitro to enhance their workflows and save time. 🔗 Discover how to transform your financial services workflows today! https://bit.ly/47AHQMG #FinancialServices #DigitalTransformation #Compliance #Fintech #Efficiency #eSignatures

A major enhancement has been made to a financial platform, incorporating YourStake’s Values Questionnaire and data analytics. This update allows financial advisors to offer personalized, values-based investment strategies, promoting deeper client relationships and advisor productivity. The platform aims to modernize wealth management through data-driven insights and next-gen technology. #Brokers, #News, #Bank, #Cfd, #Currency

According to Herald Economy, the Cabinet meeting on the 25th passed the enactment of the 'Enforcement Decree of the Virtual Asset User Protection Act'. This decree details regulations that will accompany the Virtual Asset User Protection Act, effective from July 19. Key provisions include requiring virtual asset business operators to manage user deposits by entrusting them to public trust management institutions, specifically banks. Operators may also suspend user deposits and withdrawals under justifiable circumstances outlined in enforcement ordinances. Additionally, the Financial Services Commission will establish a Virtual Asset Committee to advise on policies and systems related to the virtual asset market and its operators.

Limited seats only: Join us for this complimentary in-person Industry Discussion Forum with key custody leaders on a panel titled “The Future of Custody: Has the transition really taken place?” on Thursday, May 30, 4.30pm GMT at The Savoy Hotel, London in partnership with Global Custodian. The securities services industry knows where it needs to get to and what the next era of asset servicing could ideally look like; but how to get there and how long it will take – these are questions which need answering. Delighted to have a stellar line up leading industry practitioners from global custody, sub-custody and market infrastructure as they discuss the future of the industry, touching on technology, digital assets and talent, while discussing settlement cycles – just two days after the US moves to T+1, along with a range of other prominent trends that asset servicers will face in 2024 and beyond. Panel Speakers include: ➡ Hannah Elson, Global Head of Custody, JP Morgan ➡ Justin Chapman, Global Head of Digital Assets and Financial Markets, Northern Trust ➡ Philippe Laurensy, Head of Group Strategy, Product Management and Innovation, Euroclear ➡ Chris Rowland, Head of Custody, Cash and Depositary Bank Services, State Street ➡ Kamalita Abdool, Head of Securities Services Americas and Global Custodian Coverage, Deutsche Bank 🎤 Moderator: Jonathan Watkins, Managing Editor, Global Custodian Save your spot today! https://lnkd.in/e5YQDwWN Paul Maley #SecuritiesServices #SmarterCustody #LeadersinCustody #AssetServicing 

Industry Insights (CAC23B) - Custody: Infrastructural Backbone of Digital Asset Financial Solutions With his presentation, Robert Pertschy (Bitpanda) looks into the importance of custody in digital financial solutions by comparing institutional custody to retail custody and providing an insight into his thoughts on the future. https://lnkd.in/et3YHFtU #CAC23B #digitalasset

By providing a clear regulatory framework for digital asset securities, the SEC aims to foster innovation and encourage capital formation in a way that protects investors and maintains market integrity. To date, only one entity has qualified to provide services under this statement, and that happened almost 2 years after the original statement was produced. Read the breakdown ↓ https://lnkd.in/ejUCbWVD

🇰🇷📜 According to Financial News, the Financial Services Commission's proposal to establish a Virtual Asset Department has passed the Cabinet meeting. The organizational revision bill, along with its enforcement rule revision, will be promulgated and implemented on the 25th. The Virtual Asset Department will handle management and supervision tasks necessary to establish market order and protect users in the virtual asset sector. The department's workforce will increase by 8 people, including 1 level 4, 4 level 5, 2 level 6, and 1 level 7, by the end of 2025. #Bitcoinworld

Prince sang🎙 that he was “gonna party like it’s 1999”, but in this millennium we’ve continued to see a shift from the manual to the automated, from the analogue world to the digital one. And so it is with regulatory compliance – the whole regulatory landscape has morphed into something so much busier, faster and more complex📈. Which is why we need to think about things differently. If you'd like to know more about how Corlytics helps its clients, including banks, asset managers, payment firms, insurers and hedge funds with their regulatory compliance then 📩 insights@corltyics.com for a chat or a demo. https://lnkd.in/eve6ZGXU

📜 According to Aju Economy, virtual asset business operators will soon need to report organizational, human resources, facilities, and major shareholder information to comply with virtual asset laws. They must submit change reports within an appropriate period and undergo risk assessment for real-name account linking. The Financial Services Commission announced the revision and implementation of the 'Specific Financial Transaction Information Reporting and Supervision Regulations,' effective from the 27th, to enforce the 'Enforcement Decree of the Revised Specific Financial Information Act' implemented in March. Key revisions include establishing a legal basis for compliance system reporting, major shareholder status, change report submission deadlines, business guidelines for issuing real-name verification deposit and withdrawal accounts, and procedures for suspending and resuming report reviews for virtual asset business operators. 📊 #Bitcoinworld

As global custody continues to grow in complexity, including to incorporate the coexistence of traditional and digital ecosystems, Howard Rapley is among the contributors to this article by POSTTRADE 360° on the evolution of the market and next generation of solutions: https://bit.ly/4aqFU9D