Leading Belarus bank taps FICO technology to fight financial crime
- 6 years 3 months ago
- Fraud Detection, Compliance
Belgazprombank, a leading lender in Belarus, has implemented a system from FICO that screens financial transactions and customers in order to prevent financial crime. FICO® TONBELLER® Siron® Embargo checks banking applicants and individual transactions to ensure that the bank and its customers do not do business with individuals on restricted lists, such as those who are involved in terrorist activities, and manages the risk of working with... more
Thomson Reuters and Moody’s Analytics partner on IFRS9 SPPI Solution for Fixed-Income Investors
- 6 years 3 months ago
- Compliance
Thomson Reuters has partnered with Moody’s Analytics, a leading provider of financial intelligence and analytics, to offer a classification solution for conducting the Solely for Payment of Principal and Interest (SPPI) tests required under the IFRS9 accounting standard.
SIA launches PSD2-compliant Open Banking platform for new digital payment services
- 6 years 3 months ago
- Banking, Compliance
SIA launches a new “Open Banking” digital platform allowing Italian and European banks, fintechs, corporates, SMEs and public sector organizations to promote and accelerate the creation of innovative payment services, deriving from the introduction of Payment Services Directive 2 (PSD2), to seize new business opportunities in addition to guaranteeing compliance with the regulation.
Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis
- 6 years 3 months ago
- AML and KYC
Fenergo, the leading provider of Client Lifecycle Management solutions for financial institutions, has released data detailing the global fines activity of regional and in-country regulators over the past 10 years. A staggering $26 billion in fines has been imposed for non-compliance with Anti-Money Laundering (AML), Know Your Customer (KYC) and sanctions regulations in the last decade.
NICE Actimize Transforms Indonesia’s Bank Central Asia Anti-Money Laundering Compliance Operations
- 6 years 3 months ago
- Security, AML and KYC
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Indonesia’s PT Bank Central Asia Tbk (BCA) to transform its anti-money laundering compliance and case management operations.
Wolters Kluwer Triumphs in Central Banking FinTech and RegTech Awards with Major Regulatory Compliance Accolade
- 6 years 3 months ago
- Compliance
Wolters Kluwer’s Finance, Risk & Reporting business has won a major award from Central Banking magazine. Its OneSumX for Regulatory Reporting solution has been named Best Technology Solution For Regulatory Compliance, in the publication’s annual FinTech and RegTech Awards which celebrate excellence and innovation.
Banks turn to technology innovation, as global regulation continues to increase KYC complexity for 75 percent of compliance and correspondent banking professionals
- 6 years 3 months ago
- Banking, Compliance, AML and KYC
The annual Accuity Financial Counterparty KYC Survey has revealed that 75 percent of senior compliance and correspondent banking professionals have encountered added complexity in interpreting and adhering to local legislation.
NICE Actimize Chosen by Thailand’s Bank of Ayudhya to Manage Anti-Money Laundering Compliance with Intelligent Automation
- 6 years 4 months ago
- AML and KYC
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Bank of Ayudhya/Krungsri, Thailand’s fifth largest financial institution, to transform its anti-money laundering compliance and case management platform.
Lombard Risk, a Vermeg Company, announces early support of PRA 110 for Regulatory Reporting clients
- 6 years 4 months ago
- Regulatory Standards
The PRA110, introduced to build upon existing liquidity returns including LCR and NSFR & C66.00, and to replace the existing FSA 47/48, requires the acquisition of additional data of greater granularity to facilitate the monitoring and measurement of daily cashflow mismatches.
Lombard Risk announces early support of PRA 110 for Regulatory Reporting clients
- 6 years 4 months ago
- Security, Compliance
The PRA110, introduced to build upon existing liquidity returns including LCR and NSFR & C66.00, and to replace the existing FSA 47/48, requires the acquisition of additional data of greater granularity to facilitate the monitoring and measurement of daily cashflow mismatches.
Sheld FC to Allay Regulatory Concerns Surrounding eComms at the RegTech Summit London
- 6 years 4 months ago
- Regulatory Standards
Shield Financial Compliance (Shield FC), a specialist RegTech provider, will use a presentation at the RegTech Summit for Capital Markets in London to help Compliance Officers struggling with how to effectively manage electronic communications (eComms) in accordance with MiFID
Thomson Reuters provides crucial reporting service for new MiFID II Systematic Internalisers
- 6 years 4 months ago
- Security and Compliance, Compliance
Thomson Reuters has launched RTS 27 Now, a targeted reporting solution that leverages its powerful Velocity Analytics platform to help banks that have newly registered as Systematic Internalisers under MiFID II complete their first regulatory report.
Apiax Unveils New RegTech Tax Product
- 6 years 4 months ago
- Wealth Management, Regulatory Standards
Zurich-based RegTech startup Apiax’ new product allows banks and asset managers to factor the tax impact of financial instruments into their investment recommendations.
NEXT Biometrics to Provide Customers Simpler, Faster Software Customization with Algorithm from Neurotechnology
- 6 years 4 months ago
- Compliance, Security, Authentication Technology
NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, today announced it has purchased a source code license for the FingerCell algorithm from Neurotechnology, a developer of high-precision algorithms and software. The algorithm allows developers of solutions incorporating NEXT Biometrics fingerprint sensor technology to quickly customize their own products for superior performance and faster time-to-market.
EastNets Appoints New CTO To Enhance Its Technology Vision and Direction
- 6 years 5 months ago
- Payments, Compliance
EastNets, a leading global provider of compliance and payments solutions for the financial services industry has announced the appointment of Luay Gadallah as the company’s new Chief Technology Officer. Luay will be responsible for overseeing the strategic direction of EastNets technology organization, as well as upholding the company’s technology position at the forefront of the industry.
