Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, today released its mid-year findings on global financial institution fines which show that by the end of July 2020, penalties have totaled $5.6 billion for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC), and sanctions regulations. Fines issued by APAC regulators related to AML and KYC violations... more
W2 partners with Lanistar, ahead of its polymorphic debit card launch that will revolutionise how customers manage their money. W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with Lanistar, to help power its new hassle-free banking alternative. The company will use polymorphic technology to provide a customer-focused alternative to traditional banking services... more
Huobi Asset Management (Hong Kong) Limited (the “Company”), the wholly-owned asset management subsidiary of Huobi Technology Holdings Limited (1611.HK), is pleased to announce that it was granted with Type 4 (advising on securities) and Type 9 (asset management) licenses by the Securities and Futures Commission (the “SFC”) on 31 July 2020 to conduct the respective regulated activities.
As financial institutions and organisations come to terms with the challenges of the post-Covid-19 world it is obvious that regulated businesses urgently need a new, more efficient, fast and secure way to onboard new customers and re-energize their existing customer base. They also need to add value to their existing customer relationships. Finch Global aims to do just that by creating a shared service that makes it easier to take out financial... more
EQ (Equiniti), the international technology-led services and payments specialist, is delighted to announce that it is launching a new automated complaints management product for the financial services industry – EQ Complaints Professional. EQ Complaints Professional is a powerful complaints solution that will enable firms to enforce their FCA compliance immediately and on a continual basis as regulation evolves.
FSS Technologies (Financial Software and Systems), a global digital payment and financial technology company, announced today that Emrys La Carte, one of France’s leading consumer cooperatives has engaged with FSS to provide a hosted card issuance service. The Card Management Platform runs on FSSNeT, FSS’secure private cloud. The managed services model drives operational efficiencies, with dedicated cross-functional teams assuming responsibility... more
The Global Legal Entity Identifier Foundation (GLEIF), has opened an office in North America to extend its global reach. Established by the Financial Stability Board in 2014 and headquartered in Switzerland, GLEIF supports the implementation and use of the Legal Entity Identifier (LEI) to drive transparency within global financial markets. The new office is located in New Jersey, in close proximity to America’s financial capital, and supports... more
Meritsoft, a Cognizant company, and Taskize, a Euroclear company, are integrating their automated fails operational workload offering and global operational task management solutions to provide an end-to-end Central Securities Depositories Regulation (CSDR) management solution. Together, Meritsoft’s FINBOS CSDR Manager and Taskize Connect deliver a comprehensive real-time platform for clients and their customers. Clients will benefit from the... more
Caixa Geral de Depósitos, the largest commercial bank in Portugal, has chosen Finastra to power its end-to-end treasury and capital markets business. It has selected Fusion Kondor, Fusion Risk and Regulatory Reporting as a Service to support this front-to-back-to-risk transformation. The bank’s users will have access to automated and standardized interfaces which will improve day-to-day operations and will benefit from an enhanced user... more
IDnow a leading provider of Identity Verification-as-a-Service solutions and regulatory expert presents KYC Insider, a free information service on regulatory ch
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has released an update for its OneSumX for Regulatory Reporting solution to allow clients to meet the Second-Generation People’s Bank of China Enterprise Credit Reference Submission.
On a mission to mainstream digital asset investing and trading, capital markets veterans launch CrossTower Exchange
CrossTower, a new exch
Leading French banking group engages AxiomSL’s comprehensive Global Shareholding Disclosure (GSD) solution
AxiomSL, the industry’s leading provider of risk and regulatory reporting solutions, announces an agreement with a global financial institution in France to implement AxiomSL’s Global Shareholding Disclosures (GSD) solution on its data integrity and control platform, ControllerView. The firm is part of a leading Tier-1 French banking group that engages in a range of banking activities, including global asset management.
Wolters Kluwer Wins Major Accolades for SaaS Regulatory Reporting Solution and Regulatory Engine Upgrade
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has won three major accolades for its industry leading integrated regulatory compliance and reporting solutions. The awards specifically celebrate the success of the company’s software-as-a-service (SaaS) Regulatory Reporting solution and its Regulatory Engine Upgrade, both launched in mid 2019.
The Financial Conduct Authority has issued a call for input on proposals to extend open banking rules to a wider range of products, under a new model billed as 'open finance'. The revised Payment Services Directive (PSD2) mandated the right of access to payment account data to increase innovation and competition in the payments sector.