Luup Opts Contego’s Identity Verification and Fraud Reduction Platform
- 9 years 7 months ago
- AML and KYC
Contego, the multi-source fraud reduction platform, today announced that Luup, a leading provider of merchant services for internet and e-commerce businesses, specialising in cross-border payments, has selected Contego’s platform to carry out checks on companies and individuals based in the UK, Europe and North America to help ensure compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
Bank Mendes Gans Benefits from SmartStream's Corona Cash and Liquidity
- 9 years 7 months ago
- Audit and Reporting
SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, today announced that Bank Mendes Gans (part of the ING Group) has implemented SmartStream’s Corona Cash and Liquidity solution and will go live in the last quarter of 2016 - in order to continue to meet regulatory requirements, such as BCBS 248 for intraday reporting, for managing 500,000 transactions per month.
Baker Hill and Compliance Systems Team Up to Improve Risk Management, Compliance for Banks & CUs
- 9 years 7 months ago
- Compliance, Risk Management
Baker Hill, a leading provider of SaaS solutions for common loan origination, relationship management and smart data analytics, has partnered with Compliance Systems, Inc. (CSi) to strengthen risk management and document compliance for financial institutions when originating and underwriting consumer and commercial loans.
MoneyRouter - AML Software Set to Change the Face of Money Transfers Worldwide
- 9 years 7 months ago
- AML and KYC
Brought to market by Musa Jammeh and Taimoor Iqbal of Route Trading Ltd (an experienced UK financial services compliance professional, and a tech entrepreneur with a background in money transfer),MoneyRouter is the first instant verification system to help thwart money laundering.
More Banks Join Sentinel as Initiative Prepares for MiFID II Implementation
- 9 years 7 months ago
- Compliance
As Project Sentinel completes the first round of assessments of potential technology partners, the initiative is pleased to announce an increase in consortium numbers from the original 4-7 banks to 8-10 banks in the current phase.
The European Parliament Voted Against the Regulatory Technical Standard
- 9 years 8 months ago
- Regulatory Standards
Draft legislation for the implementation of the PRIIPs Regulation was rejected by Members of the European Parliament today. The unusual move throws doubt on the implementation timetable but does not in itself reduce industry pressure to prepare for compliance by 31 December 2016 as the timeline of the regulation remains in force. While the vote has invited speculation that delaying PRIIPs would be a natural next step, any delay would result in... more
CMA's Open Banking Revolution Urges Banks to Break Siloes & Unify Data
- 9 years 8 months ago
- Banking, Regulatory Standards
The Competition and Marketing Authority (CMA)’s “Open Banking Revolution” promises challenger banks a golden opportunity to steal business from their more established competitors, thanks to their supposedly more modern approach to technology and customer services. However, challenger banks are missing an open goal by making the same customer service mistakes as the old guard, GMC Software has warned. While challenger banks focus on customer... more
Datapipe's Workbook Helps to Navigate Singapore’s Highly-Regulated Financial Sector
- 9 years 8 months ago
- Compliance, Regulatory Standards
Datapipe, a leader in managed cloud services for the enterprise, and an Amazon Web Services Inc. (AWS) Premier Partner today have launched a first-of-its kind workbook and whitepaper to help Singapore’s banking and finance industry navigate complex regulations around cloud computing. These documents provide a guide for organisations looking to adhere to security and regulatory frameworks laid out by the Monetary Authority of Singapore (MAS) -... more
Banca Akros Opts Itiviti’s FIX Testing and Onboarding Solutions
- 9 years 8 months ago
- AML and KYC
Itiviti, a world-leading technology provider for the capital markets industry, today announced that Banca Akros, the Milan-based investment and private banking arm of Banca Popolare di Milano Group, has selected an Itiviti FIX Infrastructure solution to improve efficiency, onboarding and operational service quality for its clients.
US Bank Branch in Belgium Goes Live with AxiomSL’s Central Bank Reporting
- 9 years 8 months ago
- Audit and Reporting
AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announced today that a US bank branch in Belgium has gone live with AxiomSL’s central bank reporting as part of a larger project rollout across Europe. The Global Systemically Important Bank (G-SIB) will use AxiomSL to consolidate their European region data management, capital calculation and statistical reporting onto a single platform, helping to... more
Compuware Finds Many Financial Service Institutions are Ill-Prepared for the Recently GDPR
- 9 years 8 months ago
- Compliance
Compuware Corporation, the world’s leading mainframe-dedicated software company, today released new research that reveals many financial service institutions are ill-prepared for the recently agreed EU General Data Protection Regulation (GDPR) and are at risk of falling foul of its rules around the use and control of personal data. Key findings include: · Just over half (56%) of financial service institutions are well briefed on the GDPR... more
Pega Enhances Its CLM and KYC Apps
- 9 years 8 months ago
- Compliance, AML and KYC
Pegasystems Inc. (NASDAQ: PEGA), the software company empowering the world’s leading enterprises with strategic applications for customer engagement, today announced enhancements to its industry leading Pega® Client Lifecycle Management (CLM) and Pega® Know Your Customer (KYC) applications that provide the industry’s first unified solution for managing both corporate and personal banking customer journeys.
EximBank signs Allevo for SEPA compliance
- 9 years 8 months ago
- Compliance, Regulatory Standards
As the SEPA scheme becomes applicable for non-Euro countries as well, EximBank, a Romanian state-owned bank dedicated to corporate financing,chooses to partner with Allevo in order to ensure the smooth alignment of bank operations to the SEPA standard. By implementing the open-source transactions processing solution offered by Allevo,the bank nowprocessesits low-value payment instructions denominated in Euro according to the industry... more
Cognizant Joins Chamber of Digital Commerce
- 9 years 8 months ago
- Blockchain, Trade Finance, Regulatory Standards
Cognizant, a leading provider of information technology, consulting, and business process services, has joined the Executive Committee of the Chamber of Digital Commerce.
Risk Focus Introduces Reportable.Trade
- 9 years 8 months ago
- Compliance, Risk Management
Risk Focus, Inc., the leading provider of control and compliance solutions for regulatory trade and transaction reporting to the global capital markets, today announced the first implementation of
