The European Commission makes four proposals to revamp AML and CFT efforts
The European Commission has announced the creation of a new EU authority to fight money laundering, as part of a series of proposals to combat rising fraud threats.
AuthenticID receives $100m in minority investment from Long Ridge Equity Partners
AuthenticID, an identity proofing solution, has secured $100m in a minority investment from Long Ridge Equity Partners.
The European Banking Authority seeks comments on identification of shadow banking entities
The European Banking Authority has launched a public consultation on its proposed changes to regulatory technical standards (RTS) for identification of shadow banking entities for reporting large exposures.
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.