Tag: Fintech

Credas, a UK-based leader in identity verification, has announced the launch of the Credas Compliance Wallet, a new product designed to transform compliance checks...

The Bank of England has imposed an £11.9m fine on Vocalink Limited after the company failed to meet compliance obligations under section 196 of...

Banks across Australia are stepping up their efforts to support customers facing financial hardship, following the release of an updated industry guideline by the...

DBS, OCBC and UOB have launched a pioneering report to help banks understand the financial implications of nature-related risks, marking the first collaboration of...

As digital transactions surge globally, financial institutions are seeking smarter ways to protect customers and prevent fraud before it happens. Traditional fraud detection systems, whether rule-based or driven by machine learning, often struggle to keep pace with the sophistication of today’s fraudsters, leading to missed threats or an avalanche of false positives that frustrate legitimate customers.

The European Banking Authority (EBA) has unveiled a series of proposals designed to streamline and strengthen anti-money laundering (AML) and counter-terrorism financing (CFT) measures across the EU. The proposed Regulatory Technical Standards (RTS) seek to create a unified approach for AML/CFT supervision, aligning the practices of supervisors and financial institutions in all Member States.

Droit, a technology firm at the forefront of computational law and regulation, has expanded its capabilities with the launch of ‘Explore Mode’ for its...

Financial institutions have spent years enhancing compliance and customer experience through KYC (Know Your Customer) improvements, using technology and automation to achieve straight-through processing...

Between $800bn and $2tn is laundered globally each year, underscoring why transaction screening and monitoring are not merely compliance checkboxes but critical lines of...

Digital bank Monzo has been fined £21m by the Financial Conduct Authority (FCA) for failures in its anti-financial crime systems between 2018 and 2020,...