Over $352m in AML fines have been deployed in last four months
More than $352.5m worth of anti-money laundering (AML) fines were handed out globally in the last four months, according to the latest study from Encompass Corporation.
FICO and Arachnys partner to boost businesses’ KYC efforts
Financial crime compliance solutions provider FICO has entered into a partnership with Arachnys, the client onboarding risk management RegTech firm.
Nets teams with KPMG to build new fraud monitoring solution
European payments company Nets has teamed up with KPMG to create a new fraud monitoring and prevention solution.
Alleged JPMorgan hacker to plead guilty of stealing 80 million customers’ financial data
Andrei Tyurin is expected to plead guilty later in September to the allegations of having hacked JP Morgan Chase & Co in a hack that netted hundreds of millions of dollars.
Swedbank gives prosecutor permission to question the bank’s lawyer over money laundering scandal
Swedish bank Swedbank has allowed authorities investigating a potential money laundering scandal to interview the lawyer who conducted the internal probe into the allegations.
What do FinTech and RegTech stakeholders think about the new Australian senate committee investigating...
Last week the Australian senate announced it would launch a new select committee to ensure the FinTech and RegTech sectors keep growing and remain compliant. Now, industry leaders have revealed what they think about it.
Revealing the obstacles RegTech companies must overcome to keep on booming
The RegTech industry is growing massively, but there are still challenges to tackle head-on to keep expanding.
Cybercrime, new laws and Brexit revealed as major concerns for British financial services firms
The UK’s impending divorce from the EU may be grabbing the headlines at the moment, but cybersecurity and regulatory compliance concerns are also among the top worries of British financial services.
Global regulators to grill Facebook about its planned Libra project
Representatives from Libra will be interviewed by officials from 26 global central banks on Monday in a bid to ease worries about its impact on the financial market. At the same time, investor interest in crypto seems to waning.
UK banks ahead of US and Canada for integrating fraud and financial crime compliance...
UK banks are ahead of those in Canada and US for integrating their fraud and financial crime compliance systems and activities, according to new research from Ovum, on behalf of analytics software firm FICO.