Apple avoids massive EU fines by opening NFC technology to third-party providers
Apple has avoided substantial fines from the European Commission by agreeing to open its NFC chip technology, which allows iPhone users to make contactless payments,...
Navigating the complex world of customer due diligence regulations
Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.
Streamline KYC and AML processes with Muinmos’s AI solutions
In the dynamic world of finance, client onboarding challenges abound, driven by the need to balance enhanced customer experiences against stringent compliance requirements.
Rising regulatory challenges propel the necessity for robust entity verification
In today's intricate business environment, understanding the entities with which companies conduct business is becoming increasingly vital.
Abaxx and Eventus partner to enhance trade surveillance in new commodity exchange
Eventus, a leader in comprehensive, at-scale trade surveillance software, and Abaxx Technologies, a pioneer in financial software and market infrastructure, have announced their collaboration.
The...
EU regulatory updates to strengthen liquidity management in investment funds
The European Securities and Markets Authority (ESMA), a pivotal regulator and supervisor within the EU, has launched a public consultation on draft guidelines and technical standards pertaining to the revised Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive.
EBA issues new guidelines to enforce travel rule
The European Banking Authority (EBA) today announced the introduction of new Guidelines concerning the 'travel rule' for fund and crypto asset transfers.
Tietoevry partners with NAV to enhance digitisation with cloud-based solutions
Tietoevry, a leading Nordic software and services company, has entered into an agreement with the Norwegian Labour and Welfare Administration (NAV), the governmental body responsible for...
The growing demand for advanced voice surveillance technologies
A benchmarking report by 1LoD has just been released, offering an in-depth look at the current state of voice surveillance across financial institutions. This...
How the ECCTA is reshaping costs for UK financial institutions
In October 2023, the UK implemented the Economic Crime and Corporate Transparency Act (ECCTA), setting stringent identity verification (IDV) mandates for shareholders, directors, and...
