While left 2020 behind, we see last year was challenging to fight against financial crime like all the other sectors. COVID-19 has affected many industries. The same challenges will likely occur in 2021 as the virus is still not losing its impact worldwide. Some gaps in AML compatibility emerged in epidemic conditions, and criminals tried to fill those gaps. Therefore, in 2021, regulators such as the FATF and the European Union may increase their regulations to fill these gaps. 

Surecomp®, the leading provider of global trade finance and treasury solutions for banks and corporates, today announced that brokerage firm Puente has chosen to deploy its front-office treasury solution Trade10™ across 3 countries in Latin America.

Sage (FTSE: SGE), the market leader in cloud business management solutions, today announced the launch of Sage Intacct 2020 Release 4. As the current business environment places more demands on the CFO, digital transformation is accelerating the trends we have seen become common place. To help CFOs navigate the new normal, Sage continues to release new and enhanced product functionality designed to help companies embrace the adoption of digital technology.

The COVID-19 pandemic has undeniably had a profound, long-term, transformational effect on all businesses.It has accelerated the shift to online and cashless payments, due in part to increased social distancing, as well as the national and local lockdowns and restrictions and meant that many businesses have had to adapt quickly.

Economic pressures hindered growth in 2020 but underlying trends show positive outlook for the payment cards sector

Global payment card spending reaches $35 trillion worldwide

Wari (www.Wari.com), a global platform offering digital financial services, is partnering with Lycaremit to strengthen its global network; Lycaremit users will benefit from Wari’s highly secure network to access low-cost fund transfers across 30 African countries, Europe, Russia, and the Middle East; Services will be available online immediately, via WhatsApp Messenger and via a mobile app which is to be launched imminently.

Profile Software, an international financial solutions provider, announced today the acknowledgement of its processes through ISO certifications by well-established auditors. The company renewed ISO certificates 9001:2015 and 27001:2013 whilst received new ones for 22301:2012 and 14001:2015.

More than 90% of people aged over 60 have used online banking for the first time during the Covid-19 pandemic, according to a poll by iResearch Services, highlighting the importance of banks getting digital right in 2021.

In comparison, 17% of people aged under 30 said they were accessing services via an app or web browser for the first time.

Sokin, the new generation payments firm, is set to use Darktrace to provide holistic cybersecurity across all its back-office functions.  Sokin will be adopting Darktrace’s Enterprise Immune System for 300 users, which includes full support and back-up services.