New Figures Show AML Enforcement isn’t Slowed by Pandemic, Reveals Kroll
- 3 years 3 weeks ago
- AML and KYC
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
PAYSTRAX Selects Sentinels to Boost AML Transaction Monitoring for European Payment Services
- 3 years 4 weeks ago
- Payments, AML and KYC
Contract with Lithuanian merchant acquirer expands Sentinels’ customer footprint in the Baltic region Sentinels, Europe’s leading intelligent transaction monitoring platform, has been selected by European merchant acquirer, PAYSTRAX uab, to enhance the anti-money laundering (AML) processes for its portfolio of European payment services and future-proof the business in line with the increasingly stringent regulatory environment in Lithuania.
SmartSearch Announced as Preferred AML Supplier for Alto
- 3 years 4 weeks ago
- AML and KYC
SmartSearch, the leading anti-money laundering specialist, is providing its industry leading customer verification system to Alto, the leading cloud-based software for agents and part of Zoopla.
Accor has Implemented OneStream for Financial Consolidation and Reporting
- 3 years 1 month ago
- Compliance
Europe’s Leading Hospitality Group Replacing 10 Fragmented Products with OneStream
The Importance of Know Your Business (KYB)
- 3 years 1 month ago
- AML and KYC
How to check the legitimacy of a company you work with to avoid risky business relationships
CUBE launches new third generation RegPlatform to intelligently automate regulatory compliance
- 3 years 1 month ago
- RegTech, Compliance
CUBE launches the world’s first Automated Regulatory Intelligence (ARI) platform, RegPlatform, a world-leading regulatory intelligence platform for large, global financial institutions. CUBE defines the new world of regulatory AI in its third-generation release of RegPlatform, which combines financial regulation with artificial intelligence to deliver end-to-end regulatory compliance for customers
The UK Will Be Ready for SCA From a Compliance Perspective, but Attention Needs to Shift to Optimisation, Reports New Insight
- 3 years 1 month ago
- Payments, Compliance
Stakeholder interviews reveal that UK issuers, acquirers and gateways are largely ready for SCA enforcement SME merchant readiness remain greatest concern for UK market New sprint ramp-up plan to commence on 18th January with full compliance required by 14th March
New QuantaVerse Models Further Enhance Volume and Value (V&V) Predictions to Stop False Positives Before They Happen
- 3 years 1 month ago
- Artificial Intelligence, AML and KYC
QuantaVerse Reduces V&V-Triggered False Positives Created by Transaction Monitoring Systems (TMS), Slashing the Number of Unnecessary AML Investigations
Northern Trust Expands Relationship with Broadridge to Support Shareholder Rights Directive II Compliance
- 3 years 1 month ago
- Compliance, Financial
Northern Trust using enhanced version of Broadridge’s Global Proxy Solution and Shareholder Disclosure Hub Broadridge Financial Solutions, Inc., a global Fintech leader, has announced it has delivered its full suite of Shareholder Rights Directive (SRD II) compliance investor communication solutions to Northern Trust. These solutions are in use across Northern Trust’s global asset servicing business.
CUBE Partners with MetricStream to Bolster Client Decision-Making and Compliance Capabilities
- 3 years 1 month ago
- RegTech, Compliance, Risk Management
Regtech pioneers CUBE today announced a partnership with MetricStream, the global market leader in integrated risk management and governance, risk, and compliance (GRC) solutions.
FireStarter Implements Blockpass KYC for Incubated Metaverse Projects
- 3 years 1 month ago
- Compliance, AML and KYC
Blockpass is proud to announce its latest partnership with FireStarter, the launchpad for Initial Metaverse Offerings. To ensure projects that it incubates and launches are secure and compliant, FireStarter will be using Blockpass' proprietary KYC solution, including the enhanced 'Managed Service' option to ensure its clients enjoy the benefits of extra reviews and a dedicated team focused on their processes.
The World’s First Green Fintech Taxonomy Launched by GDFA
- 3 years 1 month ago
- Regulatory Standards, Tax Authorities
Today at the Building Bridges Summit in Geneva the Green Digital Finance Alliance and the Swiss Green Fintech network launches the world’s first green fintech taxonomy. The report entitled “A Green Fintech Taxonomy and Data Landscaping” invites feedback on the taxonomy with the aim of arriving at a final taxonomy in the first quarter of 2022.
Landsbankinn Chooses Salt Edge to Become PSD2 Compliant
- 3 years 1 month ago
- Payments, Compliance
Landsbankinn, the largest Icelandic bank, has joined forces with Salt Edge, a pioneer in open banking, to comply with Icelandic law on the PSD2 legislation.
Chill Out, Relax, Take It Easy: PCI Pal® Removes the PCI Compliance Worry from Chill Insurance
- 3 years 1 month ago
- Transaction Banking, Payments, Credit Cards, Compliance
PCI Pal, – the global provider of cloud-based secure payment solutions – has upgraded Chill Insurance’s payment security solution to aid secure and compliant payment card transactions, regardless of whether contact centre agents are working onsite or remotely from home.
MIRACL creates new partnership with Cashfac – a Global Pioneer of Cash Management Software
- 3 years 1 month ago
- Compliance, Security, Authentication Technology
MIRACL Trust is delighted to announce a new partnership with Cashfac - a leading global financial technology company specialising in operational cash management – to provide their Zero Knowledge Proof (ZKP), Multi-Factor Authentication (MFA) solution. This partnership provides Cashfac with a solution to meet PSD2 compliance requirements for Strong Customer Authentication, without the need to store Personally Identifiable Information (PII), thus... more
