Puerto Rican challenger bank Zenus Bank pics NICE Actimize for its AML protection
Zenus Bank is a new neobank based in Puerto Rico. In preparation of its planned fourth quarter launch, it has now tapped RegTech company NICE Actimize for its autonomous financial crime management.
ESMA states increased risk to investors due to renewed market volatility
The European Securities and Markets Authority (ESMA) has stated investors are facing “very-high market risk” due to renewed market volatility.
FCA increases efforts to ensure companies are ready for any type of Brexit
The UK’s Financial Conduct Authority (FCA) is increasing its efforts to ensure all firms are aware of what needs to be done to prepare for a no-deal Brexit.
Is this the biggest cybersecurity mistake financial services firms make?
From malware to phishing attacks, financial firms daily face a multitude of digital threats. However, one mistake could keep them from strengthening their cybersecurity.
Threat intelligence platform Cyware Labs collects $3m in seed round
Cyware Labs, a threat intelligence sharing platform, has raised $3m in its seed round from a consortium of investors led by Emerald Development Managers.
Fabrick launches two turnkey PSD2 solutions
Italian RegTech company Fabrick has launched two ready-to-use solutions enabling companies to remain compliant with the updated Payments Services Directive (PSD2).
What are the next steps for SCA following postponements to compliance deadline?
Postponements to strong customer authentication (SCA) was the right decision, but regulators must make it clear there will not be a second opportunity for meeting compliance, according to Michael Sass vice president, market product management, security solutions, Europe at Mastercard.
Merrill Lynch fined $300,000 for failing to promptly produce audit trail data
The U.S. Commodity Futures Trading Commission has issued a $300,000 fine against Merrill Lynch, a registered futures commission merchant, for failing to promptly produce records and ensure staff comply with regulations.
Why do businesses fail to comply with MiFID II?
The EU’s Markets in Financial Instruments Directive (MiFID II) is a complicated piece of legislation. Still, no business can afford to get it wrong.
RDC launches new AI-powered tool to boost compliance
Regulatory DataCorp, or RDC, has just unveiled AI Review, an artificial intelligence-backed compliance screening solution.
