Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis
- 7 years 2 months ago
- AML and KYC
Fenergo, the leading provider of Client Lifecycle Management solutions for financial institutions, has released data detailing the global fines activity of regional and in-country regulators over the past 10 years. A staggering $26 billion in fines has been imposed for non-compliance with Anti-Money Laundering (AML), Know Your Customer (KYC) and sanctions regulations in the last decade.
NRI Places in Top 10 of the 2018 IDC Financial Insights FinTech Rankings
- 7 years 2 months ago
- Artificial Intelligence, BPM, Consultancy
Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, today announced that the company ranked No. 9 in IDC's 2018 Financial Insights FinTech Rankings. This ranking marks the ninth consecutive year that NRI has been named a top 10 global financial technology firm by IDC Financial Insights.
EBANX Gathers Top Global Players in Digital Commerce For International Event About Business in Latin America
- 7 years 2 months ago
- E-Commerce
The first week of October, on the 2nd and 3rd, some of the world's top digital commerce players will be reunited in Brazil, in Southern city of Curitiba, for the EBANX Summit 2018. Companies such as Spotify, Pipedrive, Udacity, Xsolla, Wish, Light in the Box, DHgate, Farfetch, and Amazon will have their high-level executives among the attendees of this conference, that will provide a deep dive into the business landscape in Latin America.
Tangerine Bank selects Meniga for personalised digital banking
- 7 years 2 months ago
- Banking
Canada’s leading direct bank offers Meniga’s award-winning personal finance management technology to all clients Tangerine, the Canadian direct bank is pleased to showcase its partnership agreement with Meniga, the global leader in digital banking solutions. The agreement sees Tangerine deploy Meniga’s digital banking solutions to all its clients, as part of its commitment to providing innovative solutions that help Canadians make smart...
B-Hive launches Trusted Fintech
- 7 years 2 months ago
- Security
A collaborative fintech platform, B-Hive, is launching a cyber-security program, Trusted Fintech, to help start-ups and scale-ups embed cyber awareness into their core values. By providing a thorough, five-module program, B-Hive aims to increase the cyber-security resilience and compliance of fintech start-ups and scale-ups. Trusted Fintech was announced at Digital Finance Europe ’18 in Brussels.
Preparing insurance for the age of connected technology: how Allstate, Unum and FM Global are taking advantage
- 7 years 2 months ago
- Artificial Intelligence, Insurance
Both in terms of the way insurance products are accessed and in the way they are created, technology is at the heart of significant disruption. More products are becoming available through digital channels and to keep up with the fast pace of technological development, we now know that product development also must become more agile and responsive.
Mitek and JanusID Deliver Real-time Identity Verification to SMBs
- 7 years 2 months ago
- Security
Mitek (NASDAQ:MITK), a global leader in mobile capture and digital identity verification solutions, and JanusID, the Netherlands-based identity organization providing one-click secure website access, today announced a partnership to deliver a new, real-time, end-to-end identity verification online app,CheckedID.
AI-powered InsurTech Concirrus closes £5 million funding to service growth in customer demand
- 7 years 2 months ago
- Artificial Intelligence, Insurtech, Investment
Concirrus, the London-based InsurTech company leading the Marine and Motor Analytics market change, has raised £5 million in equity funding, bringing the total raised to £12 million. The raise was co-led by Cambridge-based deep tech venture capital firm IQ Capital and specialist InsurTech investor Eos Venture Partners.
Millennial migrant workers driving international money transfers, discovers Xpress Money
- 7 years 2 months ago
- Money Transfers
Despite one in ten migrant workers in the UK having to live away from their children (9%) or spouses (8%), two-thirds (64%) are relieved they can support these family members after moving, reveals Xpress Money, one of the most dependable money transfer brands in the world. These sacrifices mean that two in three (60%) migrant workers are now able to better provide financial support to their families, through remittances.
Comviva Announces Foray into Banking CVM with Machine Learning & AI platform
- 7 years 2 months ago
- Artificial Intelligence, Banking
Comviva, the global leader in providing mobility solutions, today announced its foray into banking customer value management (CVM) by entering into a new partnership with Number Theory, an Artificial Intelligence and Enterprise Data Management firm.
Payment Security Compliance drops for the first time in six years, states Verizon’s 2018 Payment Security Report
- 7 years 2 months ago
- Payments, Security
After documenting improvements in Payment Card Industry Data Security Standard (PCI DSS) compliance over the past six years (2010 – 2016), Verizon’s 2018 Payment Security Report (PSR) now reveals a concerning downward trend with companies failing compliance assessments and perhaps, more importantly, not maintaining - full compliance.
Fujitsu partners with OptoSweden to Offer SMEs an enhanced Cloud Invoice Management Solution
- 7 years 2 months ago
- Cloud, Data
PFU (EMEA) Limited, a Fujitsu company, the world's leading scanner manufacturer, today announced it has partnered with OptoSweden, a leading automatic document processing provider to offer small and medium sized enterprises (SMEs) a new web scanning solution designed to optimise workflow.
Spotcap Announces Fintech Fellowship Winner for 2018
- 7 years 2 months ago
- Financial, Infrastructure
Spotcap today announced Sophie Peacock as the winner of the Fintech Fellowship for 2018. Running for its second consecutive year, the Fellowship awards one UK-based masters or MBA student with an £8k scholarship. By supporting aspiring talent, the initiative aims to plug the fintech skills gap by raising awareness of career opportunities in the field.
Citi Launches Citi® Virtual Accounts
- 7 years 2 months ago
- Banking
Citi has announced the launch of its new global solution, Citi® Virtual Accounts, which allows clients to segregate their balances under a single physical account, providing enhanced visibility, control and efficiencies through centralized payments, receivables and liquidity management. The in-house solution leverages the strength of Citi’s on the ground presence whilst delivering a globally consistent offering and is live with clients in...
Signicat joins ETSI team guiding digital signature standards
- 7 years 2 months ago
- Infrastructure
Signicat, a leader in trusted digital identity, has joined the European Telecommunications Standards Institute (ETSI), the recognised standards body for electronic communications. As part of the technical committee on Electronic Signatures and Infrastructure (ESI), Signicat will help create and shape the standards for digital signatures and trust services.
