The Chartered Institute for Securities & Investment (CISI) has announced a key project in the Philippines to support the country’s compliance with anti-money laundering and counter-terrorism financing (AML/CTF) requirements. The CISI is a Royal-Chartered, not-for-profit UK professional body for those who work in the financial services and investment profession worldwide. With 45,000 members globally and qualifications recognised by 61... more Read more »
Wolters Kluwer Compliance Solutions is continuing to prove its industry leadership, through its ongoing customer educational series designed to help the market navigate the complexities of the U.S. Paycheck Protection Program. Read more »
The Verizon Business 2020 Data Breach Investigations Report (2020 DBIR) shows that financial gain remains the key driver for cybercrime with nearly nine in 10 (86 percent) breaches investigated financially-driven. The vast majority of breaches continue to be caused by external actors - 70 percent - with organized crime accounting for 55 percent of these. Credential theft and social attacks such as phishing and business email compromises cause... more Read more »
Wolters Kluwer Compliance Solutions is set to help local lenders and their small business client recipients of Paycheck Protection Program (PPP) funding facilitate online loan forgiveness applications through its TSoftPlus™ PPP Forgiveness Module. Read more »
Finland’s biggest fintech start-up Enfuce provides full PSD2 compliance as a service to Finland’s largest financial services group, OP Financial Group, in the Baltic states. As a recognition of the high level of compliance and security of the service, OP Financial Group was granted an exemption from setting up fallback mechanism by the Finnish Financial Supervisory Authority (FIN-FSA). Read more »
With the Covid-19 epidemic spurring an increase in cybercrime, compliance professionals are being given a chance to test their detection skills by playing the world’s first money laundering monitoring game. ‘Catch Them If You Can’ is a real-time transaction monitoring game, offering players the chance to showcase their expertise and identify suspicious transactions and catch criminals, while also minimizing false positives. Read more »
Pelican AI, a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, today announced that the Pelican API Interoperability Hub now offers open API connections to 2,187 banks across Europe. This is an important milestone for PSD2 connectivity Europe-wide with connectivity spanning 29 countries. The connected banks already in live production include 46 in the UK, 30 in Belgium, 13 in the... more Read more »
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business is holding a webinar with Risk.net to explore how the year delay to Basel IV provides an opportunity to prepare and examine suitable financial technology platforms to hel Read more »
TransferGo, one of the world’s fastest growing money transfer companies, today announced it is extending its partnership with RDC, the global leader in compliance screening. The three-year extension will see TransferGo utilise RDC’s next-generation customer screening technology to help combat financial crime ahead of their electronic money institution (EMI) licence activation this summer. Read more »
– The International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community, has partnered with the International Cyber Threat Task Force (ICTTF) to offer a new programme in cyber risk management. Read more »
Experts from Wolters Kluwer’s Compliance Solutions business and IBM Watson Financial Services will discuss ways in which financial institutions are leveraging technology to manage more effectively their regulatory compliance obligations in a webinar, “Regulatory Change Management: The Benefits of Automation Read more »
The International Compliance Association (ICA), the leading professional body for the global regulatory and financial crime compliance community, is pleased to announce it has partnered with Navigate Compliance to bring ICA education to the region. Established in 2016, Navigate Compliance is a 100% women and youth-owned SMME specialising in regulatory compliance training and consultancy, working alongside professional bodies, corporates and... more Read more »
Lithuanian EMI SatchelPay has announced a partnership with AMLYZE, a financial crime prevention platform also based out of Lithuania, aimed at proactively dealing with regulatory compliance and improving the online banking platform’s security. After the Bank of Lithuania moved to resume all of SatchelPay’s services in November of 2019, the fintech firm has shown itself eager to establish a more evolved institutional paradigm, conducive to growth... more Read more »
Wolters Kluwer Lien Solutions has responded to urgent client needs and established a technology solution specifically designed to help U.S. lenders navigate the influx of business loan applications, and associated compliance and risk mitigation requirements, resulting from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Read more »
Today, LexisNexis® Risk Solutions released its True Cost of Financial Crime Compliance Global Report, which provides global industry-driven insights for financial services firms across the Asia Pacific (APAC) region, Europe, the Middle East and Africa (EMEA), Latin America (LATAM) (including Mexico) and the U.S. and Canada. The report reveals that the projected total cost of financial crime compliance in these markets amounts to $180.9 billion. Read more »
