With the Covid-19 epidemic spurring an increase in cybercrime, compliance professionals are being given a chance to test their detection skills by playing the world’s first money laundering monitoring game.

‘Catch Them If You Can’ is a real-time transaction monitoring game, offering players the chance to showcase their expertise and identify suspicious transactions and catch criminals, while also minimizing false positives.

Specialist anti-money-laundering (AML) firm SmartSearch is continuing its impressive growth, despite the outbreak of Covid-19. It now has more than 4,500 clients across the financial and professional services sectors.

 Finastra announced that Barwick Banking Company (Barwick Bank) is the latest community-facing financial institution to choose Fusion Phoenix core to help transform it into a modern, digitally-enabled institution.

Apricorn, the leading manufacturer of software-free, 256-bit AES XTS hardware-encrypted USB drives today announced findings of its annual survey into the attitudes towards data breaches and the implementation of encryption technology within organisations. Almost half (43 per cent) of surveyed IT decision makers said that their organisation has been reported to the ICO since the General Data Protection Regulation (GDPR) came into effect.

Envelop Risk, the leading data-driven underwriting and risk analytics business, today announced a Series A investment of c. $6 million led by AI-specialist investor Alpha Intelligence Capital (“AIC”).  AIC will invest as lead with additional support from existing investors including MS Amlin and Dymon Asia Ventures.

Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, today announces the appointment of Albert Iselin to the role of Executive Director for EMEA, further widening his remit and responsibilities.

One of the largest banks in Russia, Ural Bank for Reconstruction and Development (UBRD), has become the latest financial institution to offer customers real-time P2P payments after joining the Russian Faster Payments System (FPS). UBRD customers can now instantly transfer money using just a mobile phone number to customers of other member banks.
 

GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions announced today that HESTA is live with the GoldenSource Nexus investment data management platform to support strategic investment decisions and the selective insourcing of funds management.

BPC, the leading provider of digital payment solutions, shares pilot phase results from its new digital platform Safal Fasal, an SME Marketplace for small and marginal farmers in India. Through access to Farmers Producers Organisations (FPO), Safal Fasal has helped 75,000 Indian farmers access instant payment for the first time and increase their income.

FinecoBank today announces the launch of zero-commission trading, with no added spreads, on thousands of equity CFDs.

With the new business model, the European-headquartered bank is offering commission-free trading at a premium level in the UK market, reaching beyond existing platforms to cater for professional and serious traders. The offering will provide customers trading at the same price as the stock exchange, with no spread, commission or hidden costs.