Comviva Partners with Accura Scan for Digital KYC and Identity Verification Solution
- 4 years 11 months ago
- Digital Identity, Core Banking, AML and KYC
Comviva, one of the global leaders in providing digital financial solutions, today announced that it has partnered with Accura Scan, one of the world’s leading and most advanced digital KYC (Know Your Customers) and identity verification service provider.
Gala Technology Triumph as ‘Best International Card Not Present Solution’ at American CNP Awards
- 4 years 11 months ago
- Payments, Compliance
Gala Technology, the innovative development team behind the global, cloud-based, secure and PCI DSS compliant payment solution, SOTpay, are celebrating yet more industry accolades, as they scooped a double award win at the prestigious American, CNP 2021 awards.
SmartSearch Enters Non-regulated Market as Business Grows
- 4 years 11 months ago
- Platform Technology, AML and KYC
Leading anti-money laundering solution provider SmartSearch has entered the non-regulated market with a new product launch as part of its ongoing business growth. The RegTech specialist, based in Ilkley, West Yorkshire, had its most successful year to date in 2020 and has recently opened offices in the United States and the Netherlands as part of its international growth plans.
Compliance Leaders See Digital Transformation as Critical Over Next 12 Months
- 4 years 11 months ago
- Compliance
More than half of compliance professionals say digital transformation of the customer due diligence process will have the biggest impact on their risk organisation over the next 12 months, according to a new poll from digital compliance specialist NorthRow.
What is Insider Fraud?
- 4 years 11 months ago
- Fraud Detection, Compliance, Security
An Amazon selling support associate was recently arrested by the FBI after issuing more than $90,000 in fraudulent refunds to himself and people he knew. The former Amazon employee used different buyer accounts to purchase electronics and took advantage of his position to issue refunds without returning the products. This is an example of insider fraud.
Covid, Cyber, Compliance and ESG top Risk Concerns for Financial Services Sector: Allianz
- 4 years 11 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
- 4 years 11 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
- 4 years 12 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
- 4 years 12 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
- 4 years 12 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
- 4 years 12 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
- 5 years 1 day 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
- 5 years 3 days 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
- 5 years 5 days 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
- 5 years 1 week 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.
