Articles with tag like: compliance

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Data analysis - the catalyst for a win-win result against financial crime

Voice of the Industry | Digital Identity, Security & Online Fraud | 16 Jun 2021

‘The Hedgehog and the Fox – the fox knows many things; the hedgehog knows one big thing’. 

regtech, KYC, AML, data, machine learning, artificial intelligence, identity verification, compliance

HK bankers allowed to apply for access to corporate registry

News | Digital Identity, Security & Online Fraud | 14 Jun 2021

Hong Kong bankers and lawyers will be able to search the city's companies’ registry under proposed exemptions to plans to tighten public access to the database, according to Reuters.

money laundering, KYC, compliance, data protection

Fraud detection, financial crime, compliance, and the rise of the identity proofing platform

Voice of the Industry | Digital Identity, Security & Online Fraud | 14 Jun 2021

We sat with Bala Kumar from Jumio to talk about the developments of fraud detection, KYC/AML compliance, and user authentication, and how companies can work best to stay safe

fraud detection, KYC, AML, compliance, digital onboarding, identity verification

Global banking regulator calls for toughest capital rules for crypto

News | Cryptocurrencies | 11 Jun 2021

The Basel Committee on Banking Supervision has demanded for cryptocurrencies to carry the toughest bank capital rules of any asset, according to Financial Times.

cryptocurrency, security token, DeFi, Bitcoin, Ethereum, compliance

Financial crime compliance cost for FIs to reach USD 213.9 bln, LexisNexis Risk Solutions finds

News | Digital Identity, Security & Online Fraud | 10 Jun 2021

The projected total cost of financial crime compliance across all financial institutions reached USD 213.9 billion in 2021, according to LexisNexis Risk Solutions study.

compliance, financial crime, KYC, AML, report, risk management, LexisNexis

Obligations for Canadian businesses dealing in virtual currencies take effect

News | Cryptocurrencies | 08 Jun 2021

Amendments to the Proceeds of Crime - Money Laundering and Terrorist Financing Act (PCMLTFA) have come into effect begging of June 2021.

cryptocurrency, AML, money laundering, compliance, money transfer

Crypto firms fall short on AML rules, FCA says

News | Digital Identity, Security & Online Fraud | 04 Jun 2021

The Financial Conduct Authority (FCA) has said that many cryptocurrency firms are not meeting Britain's anti-money laundering and counter-terrorism financing rules.

FCA, cryptocurrency exchange, cryptocurrency, AML, compliance

The compliance evolution - with Bottomline

Voice of the Industry | Digital Identity, Security & Online Fraud | 03 Jun 2021

We sat down with William Brown from Bottomline and discussed the actions companies need to take to combat money laundering and terrorist financing trends

AML, KYC, compliance, regulation, data sharing

New digital KYC platform launched in Greece

News | Digital Identity, Security & Online Fraud | 28 May 2021

The Greek Ministry of Digital Governance has launched a new digital KYC platform in the context of the Greek Government’s initiative on digitising some bureaucratic procedures.

KYC, money laundering, AML, identity verification, digital identity, compliance

Reporting firms moved to FCA' s new data collection platform RegData

News | Digital Identity, Security & Online Fraud | 26 May 2021

RegData has replaced Gabriel as FCA’ s data collection platform, with the last group of firms now moved across, according to FCA.

FCA, regtech, compliance, data, financial services

Regtech provider Napier strengthens foothold in APAC

News | Digital Identity, Security & Online Fraud | 25 May 2021

Napier, a provider of next-generation anti-financial crime compliance solutions, has continued its global expansion strategy with the opening of a second APAC office within 10 months.

Napier, regtech, money laundering, compliance, artificial intelligence

MTN South Africa, IFC to help underbanked in South Africa

News | E-invoicing, SCF & E-procurement | 24 May 2021

MTN South Africa has announced a USD 2 million partnership with the International Finance Corporation (IFC), to expand MTN’s Mobile Money (MoMo) business in South Africa.

partnership, unbanked, financial services, compliance

Sovos chooses Prime Trust for tax reporting and compliance

News | Digital Identity, Security & Online Fraud | 21 May 2021

US-based Sovos has announced the company has integrated its cryptocurrency tax information reporting and unclaimed property compliance solutions with Prime Trust.

partnership, cryptocurrency exchange, digital assets, online platform, compliance

Acuant partners Airside to provide mobile identity verification

News | Digital Identity, Security & Online Fraud | 20 May 2021

Acuant, an identity platform for fraud prevention and AML compliance, and Airside, a digital identity management provider, has partnered to provide mobile identity verification. 

Acuant, partnership, digital identity, fraud prevention, AML, compliance, identity verification, data

Efficient AML/KYC Compliance During a Recession - Deloitte Reg Tech Lab

Voice of the Industry | Digital Identity, Security & Online Fraud | 20 May 2021

Anna Werner and Manfred Wandelt from Deloitte Reg Tech Lab discuss the impact of COVID-19 on AML and KYC compliance in Europe, the challenges faced, and the role of digitalisation in all of this

AML, KYC, COVID-19, compliance, regulation, financial crime

LexisNexis reveals an increase in financial crime compliance costs across European markets

News | Digital Identity, Security & Online Fraud | 19 May 2021

The total annual projected cost of financial crime compliance in EMEA markets has increased with 21% across European markets, according to a report from LexisNexis Risk Solutions.

financial crime, study, AML, compliance, LexisNexis

UK-based regtech Ideagen secures GBP 100 mln from NatWest and Santander

News | Digital Identity, Security & Online Fraud | 18 May 2021

Ideagen, a UK-based provider of regulatory and compliance software for regulated industries, has secured GBP 100 million.

regtech, funding, banks, compliance, risk management

Tide partners with Sage to offer an accounting product

News | Online & Mobile Banking | 13 May 2021

Sage, a provider of cloud business management solutions, has partnered with Tide to offer an integrated banking and accounting product for Tide members.

partnership, data, compliance

Generali implements OneSpan Sign to improve its signing process

News | E-invoicing, SCF & E-procurement | 13 May 2021

Generali Hellas has implemented OneSpan Sign electronic signatures to meet regulatory compliance requirements and improve its end-to-end signing process for life insurance policies.

e-invoicing, compliance, regulation, insurance, digitalisation

EY, IBM build Center of Excellence to accelerate digital transformation for FIs

News | Payments General | 12 May 2021

EY and IBM have announced a Center of Excellence to help financial institutions accelerate digital transformation with hybrid cloud solutions.

partnership, cloud, compliance, online security, risk management, IBM