New EIU study: Asian firms are better prepared than European peers to comply with data-privacy regulations

Firms in China and South-east Asia are more confident than those in Europe to deal with potentially stricter rules around consumer-data gathering and use; the US leads both regions Asian companies may be ahead of the ethics curve: companies in China and South-east Asia are more likely to tie data-privacy practices to good corporate governance than those in the West This comes amid the increasing importance of data privacy to organisations today—... more Read more »

12 financial institutions have signed up to Avaloq’s PSD2 solution to meet March deadline

Global fintech leader Avaloq has announced that 12 financial institutions have signed up to its dedicated Second Payment Services Directive (PSD2) solution to meet the 14 March deadline. The firm launched the service at the end of last year to help banks and wealth managers meet the requirements of ꟷ and capitalise on ꟷ PSD2 and the need to work seamlessly with third party payment service providers. Read more »

Spain embraces gpi for cross-border payments

Six Spanish banks, accounting for 85% of Spain’s cross-border payments, have adopted the SWIFT global payments innovation (SWIFT gpi), the new standard for cross-border payments. SWIFT gpi dramatically improves the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking. Read more »

Grow Financial Credit Union Selects Wolters Kluwer’s ComplianceOne® Lending, CASH Suite™ Solutions

Grow Financial Credit Union, headquartered in Tampa, Fla., has selected Wolters Kluwer’s ComplianceOne® Lending and CASH Suite™ solutions to streamline its commercial lending processes and enhance compliance risk management throughout its 26 branch locations. Read more »

Robocash Group and Reliance Finance launch a sharia compliant fintech service in Indonesia

Robocash Group announced the launch of sharia compliant service Penyaluran Dana Syariah (PDS), which is a sharia compliant funding facility. The service has been developed from the ground up in partnership with the financing company Reliance Finance and close consultation with Sharia Supervisory Board (Dewan Pengawas Syariah). Read more »

ING Italy to strengthen compliance

ING has been informed by the Banca d'Italia of their report with conclusions regarding shortcomings in AML processes at ING Italy. ING will analyse the findings from an inspection conducted from October 2018 until January 2019 and will discuss them further with the Banca d'Italia. In line with the enhancement programme announced last year, it is taking the necessary steps to improve processes and management of compliance risks as required by the... more Read more »

Prolifics announces specialist PSD2 testing service

Bespoke systems integrator, Prolifics Inc announces its new “OB Test Suite”, a testing solution dedicated to Open Banking and PSD2.  Read more »

encompass corporation and IHS Markit partnership expected to reduce time to complete KYC data gathering by 30%

encompass corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, today 12 March announces a partnership with IHS Markit, a world leader in critical information, analytics and solutions. IHS Markit has integrated encompass’ KYC automation solution into its KYC Services offering to reduce manual processes and drive efficiency. Using encompass, IHS Markit has fully automated the collection of critical... more Read more »

Equiniti Credit Services investigates consumer attitudes to lending in new report

Equiniti Credit Services, the UK’s leading consumer credit technology and outsourced service provider, today announces publication of its latest annual research report. A three part harmony: how regulation, data and CX are evolving consumer attitudes to credit explores the key trends impacting consumer attitudes to unsecured lending, including open banking, customer centricity, and flexibility. Read more »

ICO data reveals finance & legal firms' data breach woes

Redscan, the threat detection and response specialist, today released new Freedom of Information (FOI) request data from the Information Commissioner’s Office (ICO). It found that businesses routinely delayed data breach disclosure and failed to provide important details to the ICO in the year prior to the GDPR’s enactment.  Read more »

ClauseMatch partners with Alpha Reply to boost integration of compliance management automation at financial institutions

Alpha Reply, the Reply Group company specialising in machine learning and digital transformation of banks and FinTechs, today announced its new partnership with regulatory technology company ClauseMatch. Under the agreement, Alpha Reply will be implementing and integrating the ClauseMatch RegTech solution for policy management and compliance at financial institutions worldwide.   Read more »

Investors Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting

Investors Bank has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software. Investors Bank, which operates from its corporate headquarters in Short Hills, New Jersey, has approximately $25.52 billion in assets and 151 branches located throughout New Jersey and New York. Read more »

Derivatives Service Bureau 2019 Consultation Milestones

The Derivatives Service Bureau, founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, has today announced that it is conducting a User Survey as well as establishing a group-wide Agreement Forum as part of 2019... more Read more »

Thales and Gemalto reach agreement with the Antitrust Division of the United States Department of Justice

Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the "Offer"), the publication of the Offer Document, and the joint press release of Thales and Gemalto dated 10 August 2018 in relation to the further extension of the Acceptance... more Read more »

Nivaura poised for growth following $20m strategic seed investment round

Nivaura, a regulated FinTech company focused on automating the issuance and administration processes for financial instruments, has closed a strategic funding round, raising $20m in seed and seed extension capital from a number of prominent partners. Read more »


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