Know Your Customer (KYC) poses industry-wide challenges and it will continue to do so unless we – as a #RegTech supplier – take proactive steps to cultivate positive change.

As regulatory pressure on banks and corporates alike intensifies, the volume of KYC information required also increases.

And as to compound the problem, many of these corporates struggle to access a single golden source of information that can enable them to develop a holistic view of each client.

Cuvva, a UK startup pioneering hourly insurance policies, has snagged Lloyd's of London chair Bruce Carnegie-Brown as its new chairman.

Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payment, is transforming how international ecommerce companies operate in China. By introducing a suite of payment methods that fully caters to the preferences of local consumers, Ingenico will enable online businesses to gain better access to one of the world’s most significant online markets.  

As 82% of the local Chinese population are unique mobile users, Ingenico has partnered with leading mobile payment platforms, Alipay and WeChat Pay, as well as with local card scheme UnionPay.

National Settlement Depository (NSD) has issued a white paper with analysis of the use of the blockchain technology in Russia and worldwide. Practical experience in implementing projects, asset tokenization scenarios, governance and standardization issues were subjects of particular attention. A document entitled “Blockchain in Financial Infrastructure: Risks and Opportunities” is now available on the company’s website in Russian and English.

Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, has today launched access to the SEPA initiative (Single Euro Payments Area) for customers of its Digital Banking service.

Access to SEPA connects Moorwand’s client base – issuers – to an initiative for cross-border transactions that is active across 36 participating nations, including all EU member states and EEA members.

Colt Technology Services has announced its enhanced universal customer premises equipment (uCPE) solution, which brings the benefits of Network Function Virtualisation (NFV) to enterprises.

This expanded functionality provides a network operating system and hosting environment for Virtual Network Functions (VNFs), such as SD WAN and firewalls, all running on standard off-the-shelf servers, with both provider managed and customer managed NFV applications being run on this platform.

In today’s increasingly complex cyber landscape, it is now more important than ever for organisations to be able to analyse contextual data in order to make informed decisions regarding their network security policy. This is not possible without network observability. Organisations can now see inside the whole network architecture to explore problems as they happen. Observability is a property of the network system and should not be confused with visibility which provides limited metrics for troubleshooting. 

Members of the Forum of Private Business will now be able to better manage their employees’ mental health needs and to provide ongoing advice and support, following their partnership with mental health advocates Mente.

Ian Cass, Chief Executive of the Forum, explains: “We have already rolled out Mente’s services in our own workplace, and we will now be extending them to members around the country. We believe that in doing so, we can help to create happier and more productive workplaces and a more pleasant working environment for all.”

C2FO, the world’s largest provider of working capital solutions cements its position in India by acquiring the country’s largest early payment platform, Priority Vendor. With the amalgamation of C2FO and Priority Vendor under a single platform, Indian suppliers will receive a continuous flow of capital at costs lower than traditional financing alternatives.

The Know Your Customer (KYC) activities of the Dutch fintech start-up Safened are experiencing such growth that they will be rebranded as Fourthline. In the past year and a half, the company has performed digital identity checks on millions of customers for banks and fintechs like N26, Wirecard and Allianz. Experienced executives are now joining the company to lead Fourthline through the next phase of growth.

Exceptional growth in “the next $20 billion digital market”