Mastercard launches CBDC partner programme
Mastercard has launched a new partnership program designed to explore the benefits and limitations of central bank digital currencies.
The collaboration will see seven prominent...
Inside the UK’s battle against money laundering and terrorist financing
RegTech firm Flagright recently described in detail the UK's regulations on terrorism financing and money laundering.
Unravelling the hidden costs of inefficient KYC in financial institutions
In a recent post by RegTech firm Encompass Corporation, it provided an outline of why the cost of inefficient KYC practices can be higher than expected.
NIST drafts major update to its world leading cyber security framework
NIST has revealed its latest draft of the National Institute of Standards and Technologies' cybersecurity framework.
The governing body, which regulates the standards of US...
Deciphering the fusion of AI and human expertise in Risk Management and KYC compliance
The ongoing AI revolution is indisputably transforming risk management and customer identification processes (KYC), even though human input remains pivotal to these functions. Moody's Analytics recently delved into how AI will transform risk management and know your customer (KYC) compliance.
New enhancements in AML screening profiles within KYC Portal
As part of its continuous efforts to enhance data orchestration within Know Your Customer (KYC) parameters, KYC Portal is launching a new feature designed to provide increased flexibility in the integration with third-party data sources.
Understanding and combating the rising menace of chargeback fraud
Chargeback fraud, an ever-present issue affecting businesses of all kinds and sizes, results in losses totalling to billions annually. The surge in eCommerce has...
Mitigating financial crime: A closer look at adverse media screening
Adverse media screening has become an integral component in the finance industry, especially in relation to Anti-Money Laundering (AML) compliance. RegTech company Alessa recently delved into why financial institutions should care about adverse media screening.
Shaping the Future of UK Financial Services: 2023 Annual Review Insights
The City of London Corporation, in collaboration with HM Treasury, has recently unveiled the 2023 edition of the State of the Sector: annual review...
Navigating the ESG landscape: Are financial institutions ready?
The world of Environmental, Social, and Governance (ESG) compliance is becoming increasingly intricate and crucial for financial institutions (FIs). Amid this rapidly changing landscape, where sustainability and responsible investing have taken centre stage, FIs find themselves under mounting pressure to navigate these challenges effectively.
