Legislation

Cyprus-based MAP FinTech, a regulatory technology provider in Cyprus, has announced its MAP-Best Execution Monitoring, a solution aimed at ensuring companies comply with the EU’s Markets in Financial Instruments Directive (MiFID II).

The world’s second most populated country is reportedly looking to approach the EU to seek adequacy status in regards to the General Data Protection Regulation (GDPR).

Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $1.25m for deficiencies in its background checks.

The Financial Conduct Authority (FCA) has proposed a ban on contingent charging for pension transfer advice to protect consumers from so-called vulture advisers who only got paid if the transfer went through.

The European Banking Authority (EBA) has published a new set of clarifications regarding APIs under PSD2.

The UK’s Financial Conduct Authority has extended the Senior Managers and Certification Regime (SM&CR) to FCA solo-regulated firms.

NICE Actimize an autonomous financial crime management platform, has joined the UK Financial Conduct Authority’s Global Anti-Money Laundering and Financial Crime TechSprint.

Florida-based ACI Worldwide is releasing a new suite of tools to ensure businesses are prepared for the final parts of the EU’s Revised Payment Service Directive (PSD2) snapping into action in September.

India-based Nucleus Software, the provider of lending and transaction banking solutions to the financial sector, has unveiled the new version of its transaction banking solution FinnAxia 6.5

Based on client requests, KYC Portal has integrated its platform with the data provisioning services of Acuris Risk Intelligence. The integration is automated using the APIs available by both tools. By using the API of KYC Portal to push and pull data requests from the API of Acuris Risk Intelligence, it allows for further automation in the process flows of KYCP.