Verizon Report Shows Money Still Makes the Cyber-crime World Go Round
- 4 years 2 months ago
- Security and Compliance
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
Wolters Kluwer develops TSoftPlus Technology for loan forgiveness stage of U.S. Paycheck Protection Program
- 4 years 2 months ago
- Covid-19, Lending, Security and Compliance, Risk Management
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.
Enfuce Provides Turn-key PSD2 Compliance Services to OP Financial Group in Estonia, Latvia, and Lithuania
- 4 years 2 months ago
- Security and Compliance
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).
World’s first real-time money laundering monitoring game released
- 4 years 3 months ago
- Security and Compliance, Cybersecurity
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.
Pelican connects over 2,000 banks with OBWG and Berlin Group interoperable APIs
- 4 years 3 months ago
- Artificial Intelligence, Security and Compliance
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
Wolters Kluwer and Risk Magazine to Explore Basel IV Impacts
- 4 years 3 months ago
- Security and Compliance
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 technolo
TransferGo and RDC Partner to Combat Financial Crime
- 4 years 3 months ago
- Security and Compliance, Money Transfers, Risk Management
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.
ICA to offer new cyber risk management programme in partnership with the ICTTF
- 4 years 3 months ago
- Security and Compliance
– 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.
Wolters Kluwer and IBM to Co-Host Regulatory Change Management Webinar
- 4 years 3 months ago
- Security and Compliance, Risk Management
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
ICA Announces New Partnership with Navigate Compliance in South Africa
- 4 years 3 months ago
- Security and Compliance
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
SatchelPay Partners with AMLYZE for Compliance Assurance and Security Boost
- 4 years 4 months ago
- Security and Compliance, Payments, E-Wallets, Cryptocurrencies
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
Wolters Kluwer Delivers Risk Mitigation Technology Solution to Navigate CARES Act Loan Complexities
- 4 years 4 months ago
- Security and Compliance, Risk Management
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.
Financial Services Firms Spend $180.9 Billion on Financial Crime Compliance, According to LexisNexis Risk Solutions Global Study
- 4 years 4 months ago
- Security and Compliance, Risk Management
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.
Wolters Kluwer and Vizor Software Announce Regulatory Reporting Partnership for Singapore Market
- 4 years 4 months ago
- Security and Compliance, Risk Management
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business and Vizor Software, today announced a partnership for the Singapore market that will increase the quality of regulatory reporting while reducing the time and effort required in regulatory compliance.
Wolters Kluwer to Host Basel IV Webinar with Risk.net
- 4 years 4 months ago
- Security and Compliance
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business is hosting a webinar on April 7th, devoted to discussing the implementation of Basel IV in the Asia Pacific (APAC) Region.
