India’s financial intelligence unit levies Fine on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) has imposed a fine of ₹54.9m ($662,565) on Paytm Payments Bank, the banking arm of Paytm (PAYT.NS).
Fastly, Monoova link to enhance payment security and support rapid growth
Fastly has been chosen by Monoova, a leading Australian payments automation provider, to bolster transaction security for its expanding clientele.
Essential KYC strategies to protect your business and customers
Understanding the intricacies of KYC practices is paramount for financial institutions aiming to mitigate risks and ensure compliance.
From AML to cybersecurity: The evolving challenges of bank compliance in 2023
In 2023, the banking sector faced key compliance challenges with fines for lapses in AML, KYC and related regulatory areas reaching a staggering $6.6bn.
Flagright and Manigo team to transform financial security with AI
Flagright has announced a strategic partnership with Manigo, a provider of comprehensive digital banking platform-as-a-service.
Understanding net zero and its importance for businesses
Position Green recently outlined the five key steps that companies can take in order to develop a robust net-zero transition plan.
KYND launches exposure management solution for cybersecurity insurers
KYND, a cyber risk management company, has unveiled its latest innovation: a new Exposure Management solution.
The future of financial compliance: Digital transformation and the impact of FinTech
In the rapidly evolving world of financial services, compliance and market dynamics are undergoing significant transformations, driven by macro trends that are reshaping the...
Redefining customer lifecycle management with KYC Portal’s innovative features
In the rapidly evolving sectors of finance and professional services, Client Lifecycle Management (CLM) plays a critical role in ensuring compliance and managing risk. Traditional CLM systems, however, often fall short in the face of expanding customer demographics, complex regulatory landscapes, and the growing demands of global compliance standards.
Silence Laboratories secures $4.1m to bolster privacy in collaborative computing
Silence Laboratories, a trailblazer in the realm of privacy-preserving collaborative computing, has successfully closed an additional funding round of $4.1m.
