Backbase, a digital-first banking platform, announced that it has built a new cross-business platform for Banco Caja Social. The new platform, built from Backbase’s industry leading software, has improved the user experience and online access for the bank’s customers. This marks a new milestone in the digitization of Banco Caja Social, an institution that has been working for over a century on financial inclusion and serving low- and middle-income communities and small businesses in Colombia.

Leading mortgage technology provider, Twenty7Tec, announced that it has completed the development of CAPTURE, a client portal that seamlessly integrates with the company’s CloudTwenty7 platform.

The innovative portal will allow end customers who are provided access to CAPTURE by their mortgage adviser can enter data about their circumstances that will assist the adviser in both sourcing and applying for a mortgage for that client.

A majority of regulated firms are facing penalties for non-compliance with the Fifth Money Laundering Directive (5MLD) according to new research from LexisNexis® Risk Solutions, the global data and analytics provider.  The research reveals that on average, those in the banking, lending, wealth management and estate agents sectors are only 55% of the way through their Fifth Money Laundering (5MLD) implementation plans, and therefore are facing fines from the regulator, the Financial Con

Profile Software, an international financial solutions provider, announced today that Attica Bank selected Profile’s RiskAvert, the risk management system for regulatory capital calculation, liquidity risk indices as well as XBRL validation and reporting.

Tinkoff has launched a financial messenger built into its super app for users to chat while making financial transactions. Customers will be able to share bookings, payments and gigabytes of traffic soon, as well as get quick access to chat bots and the Tinkoff ecosystem products and services, and more.

Tegra118, a top provider of wealth and asset management technology and Motive Partners company, today announced its expansion of new front office capabilities to strengthen its robust wealth tech platform for advisors and asset managers. Significant new offerings include a modern, visual-rich, omni-channel front office digital solution for wealth advisors and artificial intelligence powered portfolio construction tools for asset managers.

ACA Compliance Group (ACA) has identified a global spike in financial services firms turning to RegTech, outsourcing, and operational resilience solutions for risk and compliance management in the age of COVID-19. The firm has seen a 25% rise in demand for outsourced managed services when compared with pre-pandemic levels, with cybersecurity and RegTech solutions also seeing an increase in demand. A key driver is that risk and compliance leaders are being asked to do more with less and reduce costs while enhancing operational resilience.

Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise has further extended its Okta Devices Platform Service capabilities to developers through the Okta Devices SDK. Using the Okta Devices SDK, developers can enable passwordless authentication through branded push notifications with biometric capabilities, minimising friction for end-users and increasing security posture.

AxiomSL, the industry’s leading provider of risk and regulatory reporting solutions, today announces a solution to address the new EU requirements defined in the Investment Firms Regulation (IFR) and Investment Firms Directive (IFD), followed by the U.K.

KYC remediation has traditionally been a compliance headache for many regulated firms. 

With increasing operational costs, never-ending timelines and the perceived loss of productivity expected in delivering a remediation project, many firms delay activity or avoid the challenge altogether until the regulator comes to call.