A recent white paper published by Themis and Encompass Corporation, the leading provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) software, revealed new insight into the ‘cost’ of not adhering to financial crime compliance.
All content with RSS
Nearly a Third of Global Businesses Lost Over £1m to Financial Crime in One Year, Says New White Paper
Monday, November 22, 2021 - 12:29
43782
/news/data-protection/nearly-third-global-businesses-lost-over-ps1m-financial-crime-one-year-says-new
Financial IT
Claranova (CLA): Adapting to Post-pandemic Normal
Claranova reported Q122 revenue of €88m (-2% y-o-y), slightly better than its end-September expectation of a 5% decline. Now that the transition to subscription licensing is complete, Avanquest is seeing revenue growth accelerate. PlanetArt saw organic revenue declines in the last two quarters, but management is confident of a return to growth in Q222. We have revised our forecasts to reflect FY21 results and the Q1 revenue update.
Monday, November 22, 2021 - 12:19
43781
/news/covid-19/claranova-cla-adapting-post-pandemic-normal
Financial IT
1 in 3 British Consumers Formed a New Banking Relationship During the Pandemic
Key facts | · 29 percent of UK consumers have started a new banking relationship in the past year. · Young millennials (age 25-29) are most likely to switch to a new bank (46 percent), followed by over a third of senior millennials and Gen Zers (both 39 percent). |
Monday, November 22, 2021 - 12:16
43780
/news/covid-19/1-3-british-consumers-formed-new-banking-relationship-during-pandemic
Financial IT
Reuters Next Returns With Over 150 World Leaders to Discuss the Most Critical Issues of Our Age
The United States Secretary of the Treasury Janet L. Yellen, multiple award-winning musician and co-founder of CHIC Nile Rodgers, and Director-General of the World Trade Organization Ngozi Okonjo-Iweala were today announced as the latest headline speakers at Reuters NEXT.
Monday, November 22, 2021 - 12:00
43779
/news/trade-finance/reuters-next-returns-over-150-world-leaders-discuss-most-critical-issues-our-age
Financial IT
Clearpay Merchants Open Online Storefronts to U.S. Shoppers
With new cross border capabilities, millions of U.S. customers are now able to shop British merchants - just in time for the holiday shopping season
Clearpay’s cross border shoppers transact around 24% more frequently than domestic shoppers only
Monday, November 22, 2021 - 11:55
43778
/news/payments/clearpay-merchants-open-online-storefronts-us-shoppers
Financial IT
Regulated Liabilities Network: Making Space for Digital Currency Within the Two-tier Monetary System
Here’s a good question: Can digital currency (DC) thrive within the two-tier monetary system that banks use the world over? After all, the current system has stood the test of time and is used by, well, everyone. Tearing it apart and trying to replace it with, say, a cryptocurrency makes little sense. How can we realize the promises of DC without throwing the baby out with the bathwater?
Monday, November 22, 2021 - 11:37
43777
/blog/digital-currency-cryptocurrency/regulated-liabilities-network-making-space-digital-currency
Financial IT
Spandana Sphoorty Announces Shalabh Saxena as the MD and CEO, and also Announces Other Key Business Updates
Spandana Sphoorty Financial Limited’s Board of Directors met today and discussed several critical matters related to the leadership transition and business operations.
Key Leadership Updates:
Monday, November 22, 2021 - 11:30
43776
/news/alternative-finance/spandana-sphoorty-announces-shalabh-saxena-md-and-ceo-and-also-announces
Financial IT
Irish Bank Commits € 5 Million to Synch, a Joint Venture for Payment Apps
The four Irish banks seeking to set up a money-transfer app to rival Revolut have raised an additional €5 million to fund the venture.
Monday, November 22, 2021 - 11:19
43775
/news/payments/irish-bank-commits-eu-5-million-synch-joint-venture-payment-apps
Financial IT
US Banks Must Soon Report Significant Cybersecurity Incidents Within 36 Hours
U.S.financial regulators have approved a new rule that requires banking organizations to report any “significant”
Monday, November 22, 2021 - 10:44
43774
/news/cybersecurity/us-banks-must-soon-report-significant-cybersecurity-incidents-within-36-hours
Financial IT
British Business Investments – Full Year Results for the Period Ending 31 March 2021
British Business Investments, a wholly-owned commercial subsidiary of British Business Bank plc, today publishes its Annual Report and Accounts for 2020/21.
Key highlights include:
· A record number of 18 commitments to new and existing delivery partners, totalling £473m
· In its seventh year of operation, cumulative commitments are up 19% year-on-year to over £3bn
Monday, November 22, 2021 - 10:39
43773
/news/investment/british-business-investments-full-year-results-period-ending-31-march-2021
Financial IT
