HKMA to develop sustainable finance module for banking professionals
The Hong Kong Monetary Authority (HKMA) will develop a green sustainable finance module for banking practitioners following recommendations from Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group.
How QuantaVerse is applying AI and machine learning to improve AML program effectiveness
Innovations in anti-money laundering (AML) are leading to many businesses reenvisioning how they approach compliance. As financial institutions welcome modern technologies to better adhere to regulations, they realise other benefits from automating their AML practices, says QuantaVerse Founder David McLaughlin.
FCA slaps HSBC with £63.9m fine for AML failings
The Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 for failings related to its anti-money laundering processes.
Is Eventus’ Validus platform the silver bullet for simplifying global trade surveillance?
Established in 2015, Eventus Systems is a provider of multi-asset class trade surveillance and market risk solutions for customer bases such as broker-dealers, banks and crypto exchanges through its trademark Validus platform. How can Validus help simplify global trade surveillance?
The five pillars of strong corporate KYC compliance
Founded in 2015, Know Your Customer provides digital onboarding solutions to financial institutions and regulated organisations globally. The company builds its KYC platform as an interconnected set of web apps, APIs, databases and pre-trained machine learning models – and is helping to change the game in digital corporate onboarding.
AUSTRAC, Services Australia team to unveil financial crime guide
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has teamed with government agency Services Australia to launch a financial crime guide.
RegTech100 company Hummingbird closes Series B
Hummingbird RegTech, which was recently named in the new RegTech100 list, has secured $30m in its Series B funding round.
UK’s HMRC reports 17 internal data breaches in 15 months
Her Majesty's Revenue and Customs (HMRC) reported 17 serious data breaches to the Information Commissioner’s Office (ICO) between January 2020 and March 2021.
EBA unveils public consultation on remote customer boarding guidelines
The European Banking Authority (EBA) has launched a public consultation on its draft guidelines for the use of remote customer onboarding solutions.
How Muinmos became a key global player in financial services client onboarding
Muinmos was founded back in 2012 after Remonda Kirketerp-Møllersaw a big gap in the market for making client onboarding simpler and more efficient in financial services. With a rapidly growing global client base of banks, investment firms and asset managers, the company is emerging as a major player in key global markets.
