• Forty-five fines for money laundering failures issued in 2020; on par with 45 issued in 2019
• Fines for anti-money laundering (AML) failings globally five times higher in 2020 than 2019, totalling USD 2.2 billion
• Total fines for AML failings in January – June 2021 stand at 45% of 2020 total, totalling USD 994 million

NeoXam, a leading financial software company, has announced the appointment of former State Street COO France Bruno Noyon as Managing Director for the region of EMEA West.

• Co-operative highlights significant momentum in 2021 as it delivers at pace to make instant, frictionless transactions a reality
• Global financial community demonstrates strong support for strategy adoption
• Industry set for accelerated transformation next year with ISO 20022 migration and the activation of SWIFT’s evolving platform

An anti-fraud and identity verification platform is offering new plans for small business customers to provide identity verification and KYC/AML compliance and background checks.

Sumsub, a startup that fights money laundering and online fraud, has launched the first Self-Start Service and offers new identity verification plans for small businesses. The initiative was launched in response to the 40 percent surge in fraud targeted at small and medium businesses that was registered during the pandemic.  

Global pioneering infrastructure and connectivity provider, BSO, has today announced it has gone live in Italian city Bergamo, in keeping with its plans to cover more of Europe with its low-latency network. This expansion of BSO’s network will enable businesses to co-locate and directly access leading exchanges based in the region, which is just 40km away from financial capital Milan.

New report finds that hidden charges, slow speeds, website failures and lack of security are frustrating online shoppers into abandoning baskets

40% of shoppers are ditching websites with poor payments processes, according to research published today by Vyne.

 Azentio Software is pleased to announce that Mohammed Kateeb has been selected as a co-chair of the CIBAFI’s Innovation and Technology Working Group (ITWG) for the year 2021-2022 during the Group’s kick-off meeting held on Monday 6 December.

Fintech Paylink Solutions has hired Crispin Neads as Head of Development to drive product development and enhance its digital affordability applications for the financial services industry.

Neads has decades’ experience of fintech after delivering transformation programmes and product development through previous technology leadership roles at Experian and Iress.

Insurtech isn't a new type of insurance policy or provider. Rather, it's an initiative that many providers, both old and new, are taking to modernize their practices for themselves and their customer base. Insurtech is more than just about going digital; it's about making the customer experience less monotonous and more catered to them.