PassFort teams with Refinitiv to create digital KYC for challenger firms
RegTech company PassFort has partnered with financial market data firm Refinitiv to establish a digital know-your-customer (KYC) solution for challenger institutions.
HKMA reprimands four Asian banks due to AML abuses
The Hong Kong Monetary Authority (HKMA) has disciplined four banks due to anti-money laundering (AML) violations for a total imposed penalty of HKD$44.2m.
Over a quarter of global firms bled more than £1m to financial crime in...
A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.
85% of corporate audit and compliance workers in big firms find data too hard...
The overwhelming majority of corporate audit and compliance workers in large firms find the access to information to be difficult, a report from Sinequa claims.
ComplyAdvantage introduces AML guide for digital-first banks
ComplyAdvantage has launched a new anti-money laundering (AML) guide for digital banks to provide them with a better understanding of the topic.
Finland-based iconicchain scores €1m to bring blockchain to compliance
Finnish RegTech company iconicchain, which leverages blockchain to improve compliance, has collected €1m in funding.
Sedric eyes global expansion following $3.5m seed financing
AI-based compliance platform Sedric has secured $3.5m from a seed funding round led by StageOne Ventures.
Debt packager referral fees to be banned under new FCA proposal
The Financial Conduct Authority (FCA) has proposed the banning of debt packager companies from being paid to refer customers on to other businesses.
Quantifind’s new COO warns firms of the three rising elements of financial crime
Quantifind has had a busy year forming new partnerships and launching new tools. Its latest deal has seen it team up with Polaris to help tackle and...
Banks must balance compliance with competition, OneSpan warns
According to a report from digital banking transaction security developer OneSpan, half of financial institutions identify regulatory compliance as a serious roadblock to digital...
