Over $352m in AML fines have been deployed in last four months
More than $352.5m worth of anti-money laundering (AML) fines were handed out globally in the last four months, according to the latest study from Encompass Corporation.
Here’s why your employees are your biggest cybersecurity risk
The cybersecurity threat is constantly evolving and the day a firm believes they have achieved all there is to achieve, is the day they will fall foul to the next emerging risk; the Insider Threat, according to Tony Pepper, CEO at Egress.
FICO and Arachnys partner to boost businesses’ KYC efforts
Financial crime compliance solutions provider FICO has entered into a partnership with Arachnys, the client onboarding risk management RegTech firm.
Nets teams with KPMG to build new fraud monitoring solution
European payments company Nets has teamed up with KPMG to create a new fraud monitoring and prevention solution.
Alleged JPMorgan hacker to plead guilty of stealing 80 million customers’ financial data
Andrei Tyurin is expected to plead guilty later in September to the allegations of having hacked JP Morgan Chase & Co in a hack that netted hundreds of millions of dollars.
Contract management platform Ironclad closes $50m Series C
Digital contracting platform Ironclad has collected $50m in its Series C round.
Risk intelligence platform Strider collects $2m in funding
Strider, a risk intelligence platform which is “illuminating economic espionage”, has raised $2m in funding.
Swedbank gives prosecutor permission to question the bank’s lawyer over money laundering scandal
Swedish bank Swedbank has allowed authorities investigating a potential money laundering scandal to interview the lawyer who conducted the internal probe into the allegations.
Financial services firm PCI fined $1.5m by CFTC for failing to prevent and alert...
The US Commodity Futures Trading Commission (CFTC) has slammed the financial services firm Philip Capital Inc. (PCI) with a $1.5m fine for letting hackers compromise the company's systems and for failing to disclose the hack to customers.
What do FinTech and RegTech stakeholders think about the new Australian senate committee investigating...
Last week the Australian senate announced it would launch a new select committee to ensure the FinTech and RegTech sectors keep growing and remain compliant. Now, industry leaders have revealed what they think about it.
