36% Increase in Complaints Against BNPL Firms to Financial Ombudsman Service as Treasury Announces Consultation on Regulation of Sector
- 1 year 10 months ago
- Compliance
Complaints to the Financial Ombudsman Service against Buy Now Pay Later (BNPL) firms have jumped 36% over the last three years, highlighting the need for robust regulation of the BNPL market to boost consumer protections.
Fluid Partners with Sumsub to Streamline Identity Verification and AML Compliance
- 1 year 10 months ago
- AML and KYC
Fluid Finance, a fintech company headquartered in Geneva, has partnered with Sumsub, a global all-in-one verification platform, to enhance user onboarding and ensure bulletproof fraud protection. Fluid’s aim is to create a new financial model by combining traditional and digital finance. Strict compliance, Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures are integral to Fluid’s user-focused approach, which has security and... more
Shieldpay Partners with Fenergo to Achieve Perpetual Due Diligence and Scale Operations
- 1 year 10 months ago
- AML and KYC
Fenergo, the leading provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), and Shieldpay, the market leading fintech solving high value, complex B2B payments, today announced their partnership. The companies are working together to realise a comprehensive CLM system and perpetual risk monitoring, as Shieldpay scales its operations.
Fime Qualified to Offer Complete EMV® 3DS Compliance Services
- 1 year 10 months ago
- Compliance
SEON Acquires Complytron To Launch Unified Fraud, AML And Fincrime Platform
- 1 year 11 months ago
- AML and KYC
International fraud prevention company SEON has announced the acquisition of compliance and anti-money laundering (AML) specialist firm, Complytron. The acquisition instantly adds AML capabilities to SEON’s fraud-fighting toolkit and signals a new focus on holistic FinCrime prevention for the growing business.
Insurance and Savings Solutions Provider Utmost Group Upgrades, with Client Screening from Napier in Just 21 Days
- 1 year 11 months ago
- Compliance
Following a period of explosive growth, Utmost Group, a leading provider of insurance and savings solutions, has upgraded its financial compliance capabilities in association with Napier, the leader in configurable anti-financial crime compliance.
Eventus Introduces Validus AML (VAML), New End-to-end Anti-money Laundering Solution to Help Exchanges, Institutions Combat Financial Crime
- 1 year 11 months ago
- AML and KYC
Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, today announced the broad introduction of Validus AML (VAML), a new end-to-end anti-money laundering (AML) platform aimed at helping firms in both the traditional finance and digital asset space combat financial crime.
Compliance Professionals Say Investing in Compliance Technology is a Top Priority in 2023, According to Clausematch Survey
- 1 year 11 months ago
- Compliance
Compliance teams, often overlooked, understaffed, and underappreciated for their contributions to companies, remain committed to investing in new compliance technology to help them meet the onslaught of new regulations, according to a new survey from Clausematch, a global RegTech developing solutions for regulatory compliance.
The Citco Group of Companies (Citco) Selects Fenergo’s CLM SaaS Platform to Streamline Client Onboarding and KYC Processes
- 1 year 11 months ago
- AML and KYC
The Citco group of companies (Citco) has moved to streamline the client onboarding and Know Your Customer (KYC) processes after agreeing a deal with digital transformation business, Fenergo, to integrate its client lifecycle management (CLM) platform across Citco.
Global Crypto AML & Regulatory Fines Surge in 2022
- 1 year 11 months ago
- AML and KYC
Fenergo, the leading provider of digital solutions for client lifecycle management (CLM), today released its annual findings on global financial institution fines, which show that the number of penalties issued for crypto sharply rose in 2022.
Two Firms Fined for Their Repeated Failure to Submit AML Returns to the DFSA by the Set Deadlines
- 1 year 11 months ago
- Compliance
The Dubai Financial Services Authority (DFSA) has today published Decision Notices against two firms, imposing financial penalties of USD 5,600 and USD 8,400 respectively, after a settlement discount. Were it not for the settlement, the DFSA would have imposed financial penalties of USD 8,000 and USD 12,000 respectively.
Encompass Launches Landmark Whitepaper Unveiling Key Trends in Financial Crime Compliance
- 1 year 11 months ago
- Compliance
Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, has published a landmark whitepaper analysing trends in financial crime compliance across 2022 and providing an understanding of what they mean for banks in 2023.
Eventus Closes Out Record Year, with Significant Plans for Enhancing Validus Platform in 2023
- 1 year 11 months ago
- Compliance
As financial markets compliance professionals faced some of their toughest challenges to date, Eventus – a leading global provider of multi-asset class trade surveillance and market risk solutions – today said that the firm continued its significant growth trajectory in 2022 with another record year.
Development, Implementation And Management of ML Models
- 1 year 11 months ago
- AML and KYC
Effectively develop and govern machine learning models for appropriate implementation and to help overcome issues surrounding data and explainability.
Ideagen Support Auditors to Help Prevent ‘Greenwashing’
- 1 year 12 months ago
- Compliance
‘Greenwashing’ is becoming an increasing concern for companies globally - but complying with complex and evolving environmental, social and governance (ESG) regulations can be a challenge for time-poor sustainability, compliance and audit professionals. Keen to offer a solution, UK-based tech company Ideagen, which provides software for high-compliance and regulated industries, has today announced that it will offer a new ESG tool to its... more
