Globally, fighting financial crime remains a high priority for governments and regulators, with the International Monetary Fund estimating that money-laundering (ML) accounts for between two and five per cent of the world’s GDP.

Hundreds of billions of US dollars derived from criminal exploits are believed to be laundered through UK banks, including their subsidiaries, each year.

Dolfin, the technology-savvy investment firm, has boosted its research offering with the appointment of Olga Tschekassin as an Economist in its Investment Management team.

Based in London and reporting to CIO Vassilis Papaioannou, Tschekassin will focus on producing macroeconomic research to contribute to Dolfin’s unique blend of human macro analysis and software-powered quantitative analysis in order to generate high-conviction ideas and investment strategies.

Senjō Group, a leading privately-held payments platform operator and FinTech investor headquartered in Singapore, has successfully obtained a Payment Institution (PI) license in Lithuania. The company received permission from the Bank of Lithuania to acquire Lithuanian payment institution Finolita Unio. In doing so, the innovative global investor has gained enhanced access to the European payments system via Lithuania.

Anti-Money Laundering (AML) regulations require the identification and reporting of activity representing most risk to the firm. The risk element needs to consider the perspective of the firm; and take account of some external factors e.g. social economic. Key to this is delivering an approach to increase the visibility of risk, which can be achieved through building a better understanding of customers and their behaviours.  The firm’s monitoring strategy must provide transparency. If the strategy is opaque, it will be difficult to explain and challenging to defend.

There is a widely-held belief in the banking industry that PSD2 access to accounts (XS2A) has to be provided for free. This is not true.

Sure, Europe’s banks must grant customer-permitted Payment Initiation Service Providers (PISPs) and Account Information Service Providers (AISPs) access to their bank accounts and financial data, but crucially, PSD2 says nothing about whether the bank may charge the PISP for these services – it only mandates that PISPs are entitled to the same pricing as the bank’s retail customers.

Rival Systems (Rival), an award-winning provider of trading and risk management software, today announced that it has integrated into its trading platform QuantHouse’s end-to-end ultra-low latency market data feed. The integration of QuantFEED into the Rival Trader and Rival API platforms further strengthens Rival’s multi-asset class offering with one of the fastest, most comprehensive global market data offerings available.

Kyriba Corp., the global leader in cloud-based treasury, cash and risk management solutions, today announced a channel sales partnership with cloud solutions provider FHL (www.fhl.co.uk), the leading provider of NetSuite products in Europe and NetSuite’s EMEA Partner of the Year 2017. FHL’s 150+ NetSuite customers now have access to Kyriba’s cloud-based solutions.

Irdeto, the world leader in digital platform security, and Rogue Wave Software, maker of Akana and a leading provider of API Management, API security and Microservices solutions for digital businesses, have announced a partnership to help banks and payment service

Portware, a FactSet Company and a leading global provider of multi-asset trade automation solutions powered by artificial intelligence (AI), today announced continuous momentum for its Alpha Pro AI-enabled algorithmic trading management solution with over $168 billion notional traded on its platform.