Covid, Cyber, Compliance and ESG top Risk Concerns for Financial Services Sector: Allianz
- 3 years 8 months ago
- Covid-19, Cybersecurity, Compliance
Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector's reliance on technology, a growing burden of compliance, and the turbulence of Covid-19, according to a new report Financial Services Risk Trends: An Insurer's Perspective from Allianz Global Corporate & Specialty
HUBUC Partners with ComplyAdvantage to Enhance its Compliance Capabilities
- 3 years 8 months ago
- Artificial Intelligence, Banking, Compliance, Risk Management
Next generation banking-as-a-service platform, HUBUC, has partnered with the hyper-scale Anti-Money Laundering (AML) and risk detection provider ComplyAdvantage to integrate its innovative compliance and security screening technology.
Compliance Professionals Call on The Regulators to Give More Guidance on Aml Effectiveness, New Research From Lexisnexis® Risk Solutions Reveals
- 3 years 8 months ago
- Compliance, Security, Data, Risk Management
An overwhelming majority of compliance professionals say the lack of guidance and support from regulators is contributing to a significant delay in implementing the latest anti-money laundering (AML) regulations, according to new research released today by LexisNexis® Risk Solutions, the global data and analytics provider.
BSI Reveals Data Compliance Landscape Impact on Information Resilience
- 3 years 8 months ago
- Compliance, Data
Research conducted by the Consulting Services team at BSI has revealed that some organizations are struggling with the current data protection landscape, with many data transfers impacted by the UK’s exit from Europe and the invalidation of the EU-US Privacy Shield framework last year. With information resilience and cybersecurity being a top priority for many organizations in 2021 as remote working continues, staying alert to the evolving data... more
Plenitude Appoints Former HSBC UK Head of Financial Crime Compliance, Allan Clare, as Senior Advisor
- 3 years 8 months ago
- Security, Compliance, Risk Management
Plenitude, the Financial Crime, Risk and Compliance specialists offering advisory, transformation services and innovative RegTech products, has appointed former HSBC UK Head of Financial Crime Compliance and Money Laundering Reporting Officer (MLRO), Allan Clare as Senior Advisor. Allan will help deliver Plenitude’s ambitious growth plans and business strategy to meet the challenges posed by the evolving financial crime landscape.
Steeleye’s New AI-driven Lexicon Revolutionises Market Abuse Detection
- 3 years 8 months ago
- Artificial Intelligence, Compliance, Financial
Tightening regulations and growing volumes of communications channels has created a challenging operational landscape for compliance teams SteelEye’s new lexicon product monitors more than six times as many search terms than a standard lexicon for an unrivalled level of oversight, helping firms better identify signs of financial crime and market abuse Artificial Intelligence and context reading technology reduces inaccurate results (false... more
CFPB and New York Attorney General File Suit to Seize Hidden Assets from Operator of Shuttered Debt Collection Scheme
- 3 years 8 months ago
- Security, Compliance
The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James today filed a complaint in federal court to seize a $1.6 million home, the ownership of which the complaint alleges was fraudulently transferred by the operator of a massive and now-defunct debt-collection scheme. Douglas MacKinnon transferred ownership of his home to his wife and daughter for the sum of $1 shortly after learning of a federal and state... more
Brinks Expands Use of Gresham Technologies’ Clareti Platform to Deliver Enhanced Payments Services Across Europe
- 3 years 8 months ago
- Compliance, Data, Risk Management
Leading global fintech Gresham Technologies plc that specialises in providing solutions for data integrity and control, banking integration, and payments and cash management, today announced that secure logistics and payments solutions provider, Brinks Solutions Nederland B.V. (Brinks), will be extending and expanding its use of the Clareti Platform to support the Brinks Acceleration Center strategy.
Bank of Abyssinia Taps Into Path Solutions to Achieve Sharia Compliance and Operational Efficiency
- 3 years 8 months ago
- Payments, Banking, Compliance
Path Solutions, a global provider of AAOIFI-certified software solutions and services for Islamic banks and financial institutions, today announced the signing of a new partnership agreement with Bank of Abyssinia (“BoA”), one of the leading banks in Ethiopia serving more than 4.6 Million custom
Regulators May Need to Mandate Regtech - NorthRow CEO
- 3 years 8 months ago
- RegTech, Compliance
Adam Holden, CEO at Oxfordshire-based compliance solutions provider NorthRow, commented: “We welcome today’s report from the City of London Corporation, which highlights the benefits and potential of regtech to dramatically improve not only compliance with existing regulation, but equip organisations with the actionable intelligence needed to make better business decisions.
Shield Adds Additional Layers to Further Enhance its Compliance Platform
- 3 years 9 months ago
- Compliance, Data
Specialist RegTech provider Shield today announces the addition of further security layers which ensure its complete communications compliance lifecycle platform is one of the most secure RegTech solutions on the market. The latest version of the Shield platform has been enhanced specifically to address the additional needs of remote working in the new compliance normal.
Acuris Risk Intelligence and Cybertonica Join Forces to Bolster the Defence of Payment and Compliance Data
- 3 years 9 months ago
- Management, Payments, Compliance
The innovative risk management and fraud prevention company Cybertonica today announced its strategic partnership with Acuris Risk Intelligence (ARI), the independent data intelligence provider. The partnership will integrate Cybertonica’s cutting edge real-time behavioural biometrics platform with the Risk Intelligence flagship fraud product Cybercheck.
ACA Group Announces ComplianceAlpha®2021 Q2 with New Features Designed to Help Financial Services Firms Meet Increasing Demands for Digitizing Compliance Programs
- 3 years 9 months ago
- Security, Compliance
ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, today announced the releaseofComplianceAlpha®2021Q2.ComplianceAlphais ACA’s award-winning regulatory technology (RegTech) platform.
Delta Capita Acquires International Compliance Partners
- 3 years 9 months ago
- Compliance, Risk Management
Delta Capita, a global provider of managed services, technology solutions and consulting acquires International Compliance Partners (ICP). The acquisition enables Delta Capita to further extend its customer reach in Benelux financial services and accelerate growth through the development of innovative propositions with leading-edge technology.
Beyond Launches Fintech Innovation Network (FIN) To Accelerate Digital Transformation In Financial Services
- 3 years 9 months ago
- Compliance, Financial, Technical, Consultancy
Beyond, a specialist digital transformation consultancy for Financial Services, today announced the launch of the Fintech Innovation Network (FIN). This online resource has been designed specifically for Financial Services professionals to enable them to navigate the crowded marketplace of technology and data solutions in areas such as financial crime (e.g.
