ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance advisory services and technology solutions for financial services firms, today announced the launch of its enhanced anti-money laundering (AML) solution. Available now, ACA’s full-service offering provides firms globally with a dedicated solution for meeting their requirements under various Know Your Customer (KYC) and Customer Identification Program (CIP)... more
- 09.10.2020 05:16 pm
A majority of regulated firms are facing penalties for non-compliance with the Fifth Money Laundering Directive (5MLD) according to new research from LexisNexis® Risk Solutions, the global data and analytics provider. The research reveals that on average, those in the banking, lending, wealth management and estate agents sectors are only 55% of the way through their Fifth Money Laundering (5MLD) implementation plans, and therefore are facing... more
ACA Compliance Group (ACA) has identified a global spike in financial services firms turning to RegTech, outsourcing, and operational resilience solutions for risk and compliance management in the age of COVID-19. The firm has seen a 25% rise in demand for outsourced managed services when compared with pre-pandemic levels, with cybersecurity and RegTech solutions also seeing an increase in demand. A key driver is that risk and compliance leaders... more
Deutsche Bank Announces New Early Warning Service for Securities Settlement Delays Powered by Elastic
Deutsche Bank today announced that they will launch an enhanced securities settlement service that proactively identifies in-flight security transactions at risk of settlement delay, to debut in early 2021. The enhanced service, powered by the Elastic Stack and Elastic’s machine learning and anomaly detection features, will enable the bank's clients to avoid hefty financial penalties under the upcoming implementation of the new Central... more
OakNorth Bank, a leading UK bank that provides fast, flexible and accessible debt financing to growth businesses, today announced its partnership with ComplyAdvantage, the global technology company transforming financial crime detection.
As banks around the world continue fighting fraud, scams and false positives, Featurespace™, the leading provider of Enterprise Financial Crime prevention software for fraud and Anti-Money Laundering, has announced that NatWest is protecting its customers with the ARIC™ Risk Hub through enterprise-wide transaction monitoring and payments fraud detection – including threats posed by Authorised
Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced a partnership with Dow Jones Risk & Compliance, that adds key data to Bottomline’s Anti-Money Laundering and Counter Terrorist Financing monitoring and screening capabilities, used to identify and thwart illicit transactions.
SEON, the fraud fighters, has announced its partnership with Patreon, the leading membership platform, home to over 200,000 creators and supported by more than 6 million active patrons, which will be utilising SEON’s unique and innovative fraud prevention solution to help fight fraud and abuse in its membership platform.
SteelEye, the compliance technology and data analytics firm, has been selected by the world-class investment manager, Schroders. The FTSE100 listed global investment manager with over £500bn assets under management deployed SteelEye in July 2020. SteelEye is designed to provide clients with full visibility of their entire MiFID II transaction reporting workflow, including efficient and automated tools that enable them to easily and seamlessly... more
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, has been recognized for the third consecutive year as a Representative Vendor in the latest Gartner “Market Guide for Identity Proofing and Attribution,”1 published on September 11, 2020.
EMEA Lags in Adopting Digital M&A Processes with Company Culture and Cyber Security Concerns the biggest Barriers Uncovered by Due Diligence
Leading cloud-based technology provider for the M&A industry, Datasite, has launched its annual EMEA M&A report: The New State of M&A – An EMEA Perspective, a sub section of it
- 24.09.2020 03:33 pm
Wolters Kluwer’s Compliance Solutions business has earned three 2020 International Business Awards, including two Silver-level awards, as part of the renowned Stevie Awards program for innovation.
Kompli-Global Launches New Outsourced KYC Offering to Help Regulated Entities Complete Comprehensive Customer Onboarding
With fraudsters and money launderers becoming increasingly clever, regulated entities do not always have the time or in-house expertise to keep up with their regulatory compliance obligations. Which is why Kompli-Global, the leading RegTech AML specialist, has today announced the launch of its comprehensive outsourced Know your Customer (KYC) solution, Kompli-Outsource™.
- 23.09.2020 02:14 pm
- AML and KYC
Leading UK anti-money-laundering (AML) firm SmartSearch has opened its first office in the USA just two months after starting operations across the Atlantic. Building on the success of the initial launch, SmartSearch has confirmed it will have a presence on the ground in the western state of Utah. Recruitment is now underway for a team to support the office head Chad Rawlings, with group support from international strategy director Martin Turvey.