Indonesian financial authority unveils digital banking regulatory framework
Indonesia’s Financial Services Authority (OJK) has introduced a regulatory framework for digital banks in its updated commercial banking regulations.
Monneo teams up with iDenfy to improve identity verification
Monneo, a virtual international bank account number (IBAN) provider, has reportedly partnered with identity verification platform iDenfy.
Hong Kong’s SFC introduces climate risk requirements for fund managers
Hong Kong’s Securities and Futures Commission (SFC) will require fund managers to take climate-related risks into consideration in their future investment and risk management processes.
SmartSearch releases new tool to bolster remote identity verification
Anti-money laundering software developer SmartSearch has released a new tool designed to combat dirty money being used to buy property.
Value of AML fines grow fivefold in 2020
There were 45 fines for AML failures issued globally during 2020, which matched the levels of 2019, and 2021 looks set to match this figure, according to a report from Kroll.
Private equity firm sells Utimaco Verwaltungs
Private equity firm EQT has sold Utimaco Verwaltungs, a developer of cybersecurity solution, to alternative asset manager SGT Capital.
Hackers stole personal data from over 40 million T-Mobile customers in ‘sophisticated cyberattack’
Data from 40 million T-Mobile customers was compromised by hackers as part of a recent breach of the telecom giant.
Are changing regulations a threat for WealthTech firms?
Wealth management institutions have been dealing with greater complexity in areas of compliance and regulation. As the number of jurisdictions increases, so does potential liability and, as a result, global companies must embrace digitalisation to stay clear of legal hot waters.
CISA offers government and private sector guidance on ransomware prevention
The US Cybersecurity and Infrastructure Security Agency (CISA) has shared guidance on how the government and private sector can prevent ransomware data breaches.
Compliance management startup Regology secures $8m in its Series A
Regology, which automates enterprise compliance processes through AI, has netted $8m in its Series A funding round.