Experian faces legal action for alleged credit report investigation failures
Experian, a major player in consumer credit reporting, is currently under legal scrutiny by the Consumer Financial Protection Bureau (CFPB).
The agency has initiated...
Enhancing security and efficiency with advanced ID verification techniques
IDV is critical in confirming that a person's claimed identity corresponds with their actual identity. It typically involves checking government-issued documents like passports or driving licences and may include other data points such as proof of address.
BIS CPMI advances cross-border payments with ISO 20022 harmonisation
The BIS Committee on Payments and Market Infrastructures (CPMI) has recently announced strides in enhancing cross-border payment systems.
The crucial role of anti-money laundering in combating human trafficking
Money laundering represents a severe threat not only to the integrity of global financial systems but also contributes to grave social injustices, including human trafficking.
Record-breaking fines and fierce industry innovation: RegTech in 2024
As the RegTech sector continues to embed itself within the structure of the financial sector, 2024 proved to be yet another red-letter year for RegTech, as greater numbers of companies across the wider financial market dipped their toes into the RegTech industry.
ThreatMark secures $23m to bolster online fraud prevention
ThreatMark, a cybersecurity company focused on fraud prevention for financial institutions, has secured $23m in a funding round led by Octopus Ventures, Riverside Acceleration Capital, and Springtide Ventures.
Eight critical red flags in beneficial ownership for effective AML compliance
In the intricate landscape of anti-money laundering (AML) compliance, the concept of beneficial ownership is pivotal.
Tietoevry Banking advances European payment security with new registration
Tietoevry Banking has achieved a significant milestone by registering with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) solutions.
Barclays report reveals the harsh realities of online scams in 2024
In a report released by Barclays, 18% of consumers acknowledged falling victim to scams in the past year, with a staggering 93% of these incidents occurring online.
Philippine SEC rolls out green equity guidelines to boost sustainable investments
The Philippine SEC is introducing new guidelines aimed at fostering sustainable investment in the country.
