Leading UK RegTech specialist SmartSearch has warned the UK could be left behind in the fight against money laundering and financial fraud, if it fails to coordinate with the new agency being formed by the EU.

It has emerged that the European Commission will launch the Anti-Money Laundering Authority (AMLA) as part of a raft of measures contained in its action plan, set to be revealed on July 20.

Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, today announced a new partnership with ICBA Bancard, the payments services subsidiary of The Independent Community Bankers of America (ICBA), to facilitate instant payments via Finzly’s Payment Galaxy, a payment hub for improved convenience, cash flow and efficiency for community banks and their customers. Finzly was a fintech participant in ICBA’s 2020 ThinkTECH Accelerator program.

he National Association of Minority Mortgage Bankers of America (NAMMBA) and Finastra have partnered to bring about positive change in the mortgage industry, meeting the needs of underserved communities and developing a more diverse mortgage workforce. As a Diamond Plus Partner to NAMMBA, Finastra will support the purpose-driven organization’s efforts to enrich and improve the situations of women and minorities who work in the real estate finance industry.

The financial services sector has faced huge crises – everything from the 2008 financial crisis to natural disasters. But while these upheavals presented significant challenges in the short-term, they taught valuable lessons on how to better cope with future uncertainty and prepare for the unknown.

According to the ICO’s most recent security incidents report, the financial services sector has the second highest number of cybersecurity incidents of any industry – with only the retail sector faring worse.  

The high volumes of extremely valuable personal and financial data processed by financial firms is a major draw for cybercriminals. However, a recent study identified that 30 major banking applications had a known security risk.  

FinTech Expert Joins Executive Team to Drive Client Success, Capture Market Opportunity and Execute Strategic Vision 

State Street Corporation today announced that its service contract with the National Pension Service of Korea (NPS), the world’s third largest pension fund^[1], has been renewed.  State Street will continue to provide back-office and middle-office services for the

Centered on the secure development of digital ecosystems, training event consisted of  two parallel tracks: an online conference for a wide audience, which was joined by over  seven million viewers from 78 countries, and a practical segment for cybersecurity  experts, which gathered 200 organizations from 48 countries. 

Combine the streaming services with AI technologies and blockchain

New Service Model Designed Specifically for Institutional Investors in the Middle East and North Africa

First Abu Dhabi Bank PJSC (FAB) and State Street Corporation today announced a new strategic alliance that leverages FAB’s regional securities services expertise, incorporating the largest direct custody network in the Middle East and North Africa (MENA), and State Street’s global strength and capabilities.