Financial crimes like money laundering can often seem far removed from the reality of daily life and the humdrum world of international business. But the truth is there’s a huge human cost to the criminally obtained funds flowing through the global financial system—and perhaps nowhere is this greater than in the area of human trafficking. It’s a cost increasingly weighing on the minds of banking customers and compliance professionals alike.

The financial services industry has always been impacted by legacy technologies and skills gaps. According to a 2020 World Economic Forum report, 74 percent of companies are unable to find the right skills in the local labour market, and 43 percent report skills gaps in their present leadership teams.

Cognizant (Nasdaq: CTSH) today announced that Ursula Morgenstern has joined the company as its president of Global Growth Markets (GGM) and a member of Cognizant’s Executive Committee effective December 14, 2020. She is based in London.

Horizon Software, leading provider of electronic trading solutions and algorithmic technology for the global capital markets, today announces that it has successfully completed its System and Organization Controls (SOC) for Services Organizations (SOC 2^®)Type 1 examination as of 15 November 2020 for their Managed  Services with trusted third-party security and compliance firm, A-LIGN ASSURANCE (A-LIGN).

Trulioo, the leading global identity verification provider, today announced a partnership with True Medical, a UK-based digital healthcare provider committed to offering patients easily accessible quality healthcare combined with outstanding customer service and ongoing support, to deliver real-time identity verification during custome

Admiral Financial Services Limited (AFSL), part of FTSE 100 company Admiral Group, has selected challenger credit reference agency Credit Kudos to provide Open Banking data to initially help with income verification in a bid to support consumers across its personal loan products. 

Contour, the global trade finance network has today announced that HSBC has become the first full production member of the network following Contour’s commercial launch in October this year. HSBC is the first to directly benefit from the efficiency and transparency gains Contour’s network provides.

Today, PayU, the e-payments and fintech division of Prosus, announces the expansion of its offering to users of Wix eCommerce, a leading cloud-based web development platform, to serve small & medium-sized businesses (SMBs) in Poland, the Czech Republic and Colombia.

Vestrata, a fintech company providing integrated investment solutions, has launched today. The business is led by one of the most experienced teams ever assembled by a start-up in this space and has completed a US$4 million investment round to bring its innovative proposition to the wealth management and private banking sector.

AnaCap Financial Partners (“AnaCap”), a leading financial services specialist mid-market private equity investor, today announces it has signed a deal for a third acquisition in the UK wealth management platform space with the purchase of Novia Financial (“Novia”).