The EU’s new Anti-Money Laundering Authority welcomed by industry professionals
The European Union’s new Anti-Money Laundering Authority (AMLA) is being welcomed by many professionals in the financial services space.
Nearly half of financial institutions to spend SCA extension time on improving roll out
UK banks welcome the six-month extension to implement strong customer authentication (SCA) for e-commerce transactions, with 42% planning to use the time to improve and enhance their roll out plans.
Interos becomes latest female-led FinTech unicorn
Interos becomes the latest female-led unicorn after its $100m Series C round upped its valuation to more than $1bn.
Kapalya receives grant for its encryption management solution
Kapalya, an encryption management platform, has received a $256,000 grant from the US’ National Science Foundation (NSF).
Alessa whitepaper outlines key crypto know-how for financial institutions
Alessa by Tier 1 Financial Solutions has published a whitepaper detailing how financial institutions (FIs) can deal with the cryptocurrency market and manage its associated risks.
Varo Bank taps Quantifind’s AI platform for adverse screening, automated investigations
Varo Bank has selected financial crime investigation firm Quantifind’s Graphyte platform to optimise its adverse media screening and investigations automation performance.
EU plans to end cryptocurrency anonymity as part of AML plan
The European Commission has said it intends to end anonymity in cryptocurrencies and introduce a new anti-money laundering (AML) agency to crack down on financial crime.
UBS hit with $8m SEC fine over volatility-tied compliance failures
UBS Wealth Management USA has agreed to pay a $8m fine to the Securities and Exchange Commission (SEC) over its failure to properly supervise...
Why AI-powered adverse screening should be core software for FI’s
As risks of financial crime continue to rise in the digital world, companies will need to improve the use of technology-powered solutions. Adverse media screening is of growing importance and can offer more than just security.
India bars Mastercard from onboarding new customers due to data storage non-compliance
Reserve Bank of India has indefinitely barred Mastercard from issuing new debit, credit or prepaid cards to customers in the South Asian market over noncompliance with local data storage rules.
