Articles with tag: money

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SheerID launches financial services solution to verify thin-file applicants

News | Payments General | 15 Jan 2021

SheerID, an identity marketing platform, has announced the availability of several financial services products that instantly verify thin-file applicants.

SheerID, banking, fintech, verifications, identity verification, financial services, anti-money laundering

Spilling the tea with compliance introduction - video interview with Payoneer

Interviews | Payments General | 15 Jan 2021

Jani Gode and Micheal Sheeny of Payoneer invite us to watch their ‘compliance chat’ where they discuss trends and challenges impacting the fintech and money transmitter industries worldwide

Payoneer, Jani Gode, Micheal Sheeny, compliance, fintech, e-money issuer, banking, transaction monitoring, regulation, video interview

BNL, Tink launch multi-banking service in Italy

News | Online & Mobile Banking | 14 Jan 2021

Italy-based bank BNL, part of the international group BNP Paribas, has launched a multi-banking service with Open Banking platform Tink.

BNL, BNP Paribas, Tink, multi banking, open banking, Italy, Europe, mobile banking, app, banks, account aggregation, money management

ECB president says Bitcoin should be regulated

News | Cryptocurrencies | 14 Jan 2021

European Central Bank (ECB) president Christine Lagarde has advised that Bitcoin is ‘highly speculative’ and needs to be regulated.

ECB, Bitcoin, cryptocurrency, AML, money laundering, digital euro, CBDC, crypto regulations

Unnax secures EUR 7 mln, completes LATAM entrance

News | Payments General | 14 Jan 2021

Spain-based fintech Unnax has closed a financing round of EUR 7 million to allow it to consolidate its current markets and enter the LATAM market, according to CincoDías, cited by planetstoryline.com.

Unnax, investment, LATAM, Spain, fintech, electronic money, account information, payment initiation, BaaS

Ireland-based banks, Sia to develop instant money-transfer app

News | Online & Mobile Banking | 14 Jan 2021

A group of Irish banks have plans to set up an instantaneous money-transfer mobile app after selecting Italy-based fintech Sia to provide the technology, according to irishtimes.com.

Ireland, banks, Sia, Italy, fintech, instant money transfer, app, Revolut, Monzo, Nexi, Cassa Depositi e Prestiti, CDP, N26, neobank, traditional bank, payment

Moneyhub, Aon to develop financial wellbeing app

News | Online & Mobile Banking | 14 Jan 2021

Moneyhub has partnered with risk, retirement, and health solution provider Aon to create its financial wellbeing app ‘Well One Money’, according to the official press release.

Moneyhub, Aon, UK, partnership, financial wellbeing, app, Well One Money, Open Finance, personal financial management, platform, data aggregation

TrueLayer helps sync. launch in Lithuania and Germany

News | Online & Mobile Banking | 14 Jan 2021

Open Banking-powered fintech sync. has launched in two more European countries with the help of financial API provider TrueLayer, according to AltFi.

sync., Lithuania, Germany, open banking, fintech, Europe, API, TrueLayer, Middle East, Qatar Fintech Accelerator, coronavirus, pandemic, e-money, licence, FCA

BaFin warned by Commerzbank about Wirecard in early 2020, FT reports

News | Payments General | 13 Jan 2021

Commerzbank has warned Germany’s financial watchdog, BaFin, about money laundering risks at Wirecard in early 2020, according to Financial Times.

Wirecard, BaFin, Commerzbank, anti-money laundering, AML, accounting fraud, payments, cross-border payments, banking, PSPs, fintech

Europol takes down DarkMarket website

News | Cryptocurrencies | 13 Jan 2021

Europol has taken the DarkMarket website (an illegal marketplace) offline, following a probe by German investigators with the assistance of seven other nations.

Europol, DarkMarket, fraud, money laundering, illegal marketplace, Bitcoin, cryptocurrency, credit cards,

EDPIA accepts Aircash, Buckaroo, and HiPay as new members

News | Payments General | 12 Jan 2021

The European Digital Payments Industry Alliance (EDPIA) has announced the membership of Croatia-based Aircash, Netherlands-based Buckaroo, and France-based HiPay.

EDPIA, Aircash, Buckaroo, HiPay, European Digital Payments Industry Alliance, electronic money, digital payments, mobile wallet, pay later, payment methods

Airtel Uganda, Mastercard to introduce virtual debit card

News | Cards | 12 Jan 2021

Airtel Uganda, in partnership with Mastercard, has introduced a virtual debit card, offering Airtel Money customers a secure platform to transact online globally.

Airtel Money, Mastercard, virtual card, financial inclusion

MoneyMatrix announces its new Identity Monitoring Application

News | Digital Identity, Security & Online Fraud | 08 Jan 2021

MoneyMatrix, part of the EveryMatrix group of companies, has revealed the release of its new Identity Monitoring Application. 

MoneyMatrix, product launch, Identity Monitoring Application, KYC, risk management, fraud analysis, payments

Onfido, FundOf team up for identity verification and trusted transactions

News | Digital Identity, Security & Online Fraud | 07 Jan 2021

Onfido has partnered with FundOf to verify the identity of its users and build trust through its community of content creators.

Onfido, FundOf, trusted transactions, partnership, identity verification, authentication, monetisation, money laundering

Federal agency ends anti-money laundering consent order for Wells Fargo

News | Digital Identity, Security & Online Fraud | 06 Jan 2021

The Comptroller of the Currency (OCC) had terminated a 2015 consent order related to an anti-money laundering compliance program after Wells Fargo took steps to remedy the problems.

customer due diligence, money laundering, CDD, banking, fraud prevention, OCC, US, Wells Fargo

MX announces integration partnership with Hydrogen Tags

News | Online & Mobile Banking | 06 Jan 2021

US-based MX has announced an integration partnership with Hydrogen to help financial technology developers to build fintech applications.

MX, Hydrogen, partnership, API, Open Banking, fintech, financial data, automated financial management, ML, money experience

MoneyGram to see the impact on its business arrangement from SEC's lawsuit against Ripple

News | Cryptocurrencies | 24 Dec 2020

MoneyGram has yet to see the impact on its business arrangement with Ripple from the US Securities and Exchange Commission’s (SEC) lawsuit against the latter company.

MoneyGram, XRP, Ripple, SEC, ODL, cross-border settlement, payments, money transfers

Credit Suisse ordered to fix deficiencies in anti-money laundering controls

News | Payments General | 24 Dec 2020

The Federal Reserve has ordered Credit Suisse‘s US division to tighten its compliance programs after finding ‘deficiencies’ in the oversight of money laundering.

Federal Reserve, Credit Suisse, money laundering, compliance, BSA, AML, US

NDAA 2021: landmark AML reforms pass Congress

News | Digital Identity, Security & Online Fraud | 24 Dec 2020

On 11 December 2020, the United States Congress passed a wide-ranging bill that broadens and updates the Bank Secrecy Act (BSA).

AML, CFT, BSA, money laundering, financial crime, United States Congress, banks, FI, virtual asset service providers, beneficial owner, fraud prevention

Investment bank Citi develops Open Banking marketplace for fintechs

News | Payments General | 24 Dec 2020

Investment bank Citi has started building an Open Banking marketplace where third party fintechs can sign data access agreements to customer-approved accounts with eight startups and data aggregators.

BillGO, eMoney, Envestnet Yodlee, Expensify, Finicity, Intuit, MX, Xero, fintech, APIs, Investment bank Citi, Citi