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Headline Stories of the Week

SA Reserve Bank mulls digital rand for cross-border ...

19 May 2022 Financial Service Intelligence Watch

A digital rand in SA could cut the high cost of cross-border payments for banks but its introduction is still a few years away, reports Moneyweb. However, regulation of crypto assets is in the offing and might come into force ...

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Pros and cons of Web3: the new internet

18 May 2022 Financial Service Intelligence Watch

By Lee Rossini Those who have invested in Web3 are calling it the future of the Internet, whereas those people who have not invested are expressing their doubts. For most users engaging with the current version of the Internet, thinking ...

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Shifting goalposts: the many challenges of a compliance ...

18 May 2022 Financial Service Intelligence Watch

Regulators are looking to clarify the role of compliance officers when determining their personal responsibility in a firm’s potential compliance failures. A new framework (Wall Street Journal) was recently put forward by the US National Society of Compliance Professionals (NSCP), ...

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Financial Services Tribunal – Summary of determination involving ...

17 May 2022 Financial Service Intelligence Watch

Summary of Financial Services Tribunal determination involving Tarryn Pillay and Financial Sector Conduct Authority (FSCA), Sanlam Life Insurance Ltd The following matter was handed down by the Financial Services Tribunal on 13 May 2022: · Tarryn Pillay (Applicant) and Financial ...

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Latest Compliance News

Ethics and small businesses

By Lee Rossini

In South Africa, there are many independent financial advisors who own and manage small businesses. Given the regulatory requirements and the intangible nature of financial services, ensuring a high standard of business ethics should be a top priority. However, when running a small business, this can be ...

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Pros and cons of Web3: the new internet

By Lee Rossini

Those who have invested in Web3 are calling it the future of the Internet, whereas those people who have not invested are expressing their doubts. For most users engaging with the current version of the Internet, thinking about a new model has not even crossed their minds ...

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Latest Open-Source Library Items
Working Smart

By Lee Rossini

Those who have invested in Web3 are calling it the future of the Internet, whereas those people who have not invested are expressing their doubts. For most users engaging with the current version of the Internet, thinking about a new model has not even crossed their minds. So, what exactly is Web3? As its name suggests, it is just that, the third iteration of the internet. Web1 was the first, closed phase of the internet; Web2 has been around for twenty-odd years and is what we are currently operating on; and Web3 is the new version of what is to come: a decentralised version of the Internet built on blockchain.

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