NICE Actimize Introduces CDD-X, Modernizing KYC/CDD Programs with Advanced Analytics and the Power of AI
- 5 years 9 months ago
- Artificial Intelligence, Security, AML and KYC
NICE Actimize announces the launch of CDD-X, the next-generation Know Your Customer/Customer Due Diligence (KYC/CDD) solution. NICE Actimize CDD-X is the latest addition to the Actimize Autonomous AML solution set that leverages the power of artificial intelligence and machine learning to provide more accurate detection and customer risk scoring to reduce compliance risk. Significant reduction in operational costs are realized through the... more
Vision Blue acquires Cardiff-based fast growth fintech company SamePage Group
- 5 years 9 months ago
- Compliance, M&A Deals
Vision Blue, the leading provider of compliant software solutions for the Credit and Debt Recovery sectors, has acquired Cardiff-based fast growth fintech company SamePage Group, a pioneer in fully-digital Loan Origination software platforms, for an undisclosed sum.
NICE Actimize Signs Mobile Banking Leader Varo Money
- 5 years 9 months ago
- Fraud Detection, Compliance, AML and KYC
Leading the industry with solutions protecting mobile financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, was chosen by Varo Money, Inc. a leading all-mobile banking company to implement its financial crime strategy for anti-money laundering protections including AML/KYC requirements, sanctions screening and transaction monitoring capabilities.
Use of Machine Learning becomes the New Norm for Financial Community as Sector Builds Smarter Machines to Drive Competitive Advantage
- 5 years 9 months ago
- Security, Compliance, AML and KYC
Refinitiv announced today new research findings that confirm the use of machine learning is pervasive across the financial community and is critical to its success in the future. Ninety percent of the c-level executives and data scientists surveyed have already deployed machine learning, while all of the c-level participants said it is core to their business strategy.
RISK IDENT crowned back-to-back FinTech Breakthrough Awards champion
- 5 years 9 months ago
- Data Protection, Fraud Detection, AML and KYC
RISK IDENT has been named “Best Fraud Prevention Company” at the 2019 FinTech Breakthrough Awards, marking a second consecutive win for the leading European anti-fraud company. The 2019 awards program, which recognizes the leading technologies, companies and products in the global FinTech industry, attracted a record-breaking 3,500+ nominations from across the globe.
International experts support ISO 20022 migration
- 5 years 9 months ago
- Payments, Compliance
Payment industry experts have joined forces with SWIFT to step up the drive to move cross-border transactions to the ISO 20022 standard. In light of multiple planned migrations to ISO 20022 by high-value and instant payments infrastructures, the SWIFT community has agreed to create a common end-to-end implementation that will deliver increased efficiencies, support end-to-end STP, facilitate improved regulatory compliance, enhance the party... more
Varo Money Selects Feedzai For Enterprise Fraud Prevention, Preparing For Continued Rapid Scale
- 5 years 9 months ago
- Security, Data Protection, Fraud Detection, AML and KYC
Varo Money LLC (Varo), a leading challenger banking company, and Feedzai, the leader in fighting financial crime with artificial intelligence, today announced a new partnership. Varo’s continued growth will be bolstered by Feedzai’s fraud-prevention platform, which provides purpose-built machine learning for risk prevention with a focus on customer experience and flexibility to scale along with the rapidly growing bank.
Aite Group Recognizes Featurespace as "Best-in-Class" Technology
- 5 years 9 months ago
- Data Protection, Fraud Detection, AML and KYC
Aite Group, a global research and advisory firm, recognized Featurespace™ as Best-in-Class in its 2019 report on fraud and AML machine learning platform vendors (download a complimentary copy of the report here).
Claims Management Companies enter FCA Regulation Today
- 5 years 9 months ago
- Compliance
The Financial Conduct Authority (FCA) begins regulating the claims management industry from today (1 April). All claims management companies (CMCs) in England, Scotland and Wales will now have to demonstrate they meet and maintain minimum standards set by the FCA. All existing and new CMCs will need to apply to the FCA for authorisation.
Wolters Kluwer and Equifax Team Up to Offer End-to-End CECL Solution
- 5 years 9 months ago
- Compliance, Data, Risk Management
Equifax, a global data, analytics, and technology company, and Wolters Kluwer’s Finance, Risk & Reporting (FRR) business, are teaming up to provide an end-to-end Current Expected Credit Losses (CECL) solution. The companies are combining their respective CECL offerings and capabilities to help financial institutions comply with new standards instituted by the Financial Accounting Standards Board (FASB) for a complete solution that ensures an... more
CAPPITECH LAUNCHES INSIGHTS PRODUCT, OFFERING FIRMS A COMPETITIVE EDGE
- 5 years 9 months ago
- Regulatory Standards
Cappitech, a leading provider of regulatory reporting and intelligence solutions for the financial services industry, today announced the launch of Insights, a product that enables compliance teams and risk managers to gain a competitive advantage by improving regulatory reporting and allowing them to benchmark their performance to their peers.
Token.io and Konsentus Launch Fast PSD2 Compliance Solution by Combining Turnkey PSD2 API with Automated TPP Verification
- 5 years 9 months ago
- Compliance
Open banking Third Party Provider (TPP) Identity & Regulatory checking specialist, Konsentus, and turnkey open banking platform provider, Token.io, today announce a strategic partnership to provide European financial institutions (FIs) with a fast and powerful combined solution for PSD2 compliance.
New EIU study: Asian firms are better prepared than European peers to comply with data-privacy regulations
- 5 years 9 months ago
- Compliance
Firms in China and South-east Asia are more confident than those in Europe to deal with potentially stricter rules around consumer-data gathering and use; the US leads both regions Asian companies may be ahead of the ethics curve: companies in China and South-east Asia are more likely to tie data-privacy practices to good corporate governance than those in the West This comes amid the increasing importance of data privacy to organisations today... more
12 financial institutions have signed up to Avaloq’s PSD2 solution to meet March deadline
- 5 years 9 months ago
- Compliance
Global fintech leader Avaloq has announced that 12 financial institutions have signed up to its dedicated Second Payment Services Directive (PSD2) solution to meet the 14 March deadline. The firm launched the service at the end of last year to help banks and wealth managers meet the requirements of ꟷ and capitalise on ꟷ PSD2 and the need to work seamlessly with third party payment service providers.
Spain embraces gpi for cross-border payments
- 5 years 9 months ago
- Payments, Reconciliation, Compliance
Six Spanish banks, accounting for 85% of Spain’s cross-border payments, have adopted the SWIFT global payments innovation (SWIFT gpi), the new standard for cross-border payments. SWIFT gpi dramatically improves the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking.
