REGTECH

ALL REGTECH NEWS

DataGuard raises $ 20 million in Series A to provide GDPR-as-a-Service

The German start-up DataGuard has raised 20 million US dollars in a series A financing round led by One Peak Partners. DataGuard aims to help …

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Biometric authentication will continue to grow in importance over the next decade

It’s a known fact, but it’s worth repeating: your personal information is never safe. Usernames, passwords, billing information, health records, and other personal information will …

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Webinar: Transform your customer experience with modern information management

According to a new study by Nuxeo, UK financial services companies store critical customer information and content on an average of nine different systems. In …

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FCA extends the SCA deadline for dealers by six months

Due to the “exceptional circumstances” of the coronavirus, the UK Financial Conduct Authority (FCA) has given merchants an additional six months to implement strong customer …

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What about fintech? Episode 4 | Partnerships: We separate until death

Sean Hunter, Chief Information Officer (CIO) at OakNorth, joins us in this latest episode of What about fintech? We discuss the latest government initiatives against …

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The old school approach to risk management that you need to get rid of now

There will be life forever In front COVID-19 and life after. Risk management and compliance have historically been viewed as mundane, time-consuming aspects of doing …

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The Wirecard audit from KPMG cannot check the profits from payment processing

After a six-month review of the company’s business, KPMG failed to post a series of profits and sales from the German payment company Wirecard. The …

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The Trust Stamp, supported by Mastercard, spins out the subsidiary AiiD Global

Trust Stamp, a US-based global identity verification provider supported by Mastercard in January, founded a new subsidiary called AiiD Global to develop solutions specifically for …

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FSB advises on effective procedures for responding to and recovering from cyber incidents

The Financial Stability Board (FSB) published a consultation report on “Effective Practices for Cyber ​​Incident Response and Recovery” on April 15, which was sent to …

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Monzo applies for a US banking license

Monzo has applied for a US banking license to provide a full range of financial services as part of its US expansion telegraph Reports. The …

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Webinar: Correct Matching in the “Decade of Data”

A blueprint for consolidating, automating and increasing the efficiency of voting – and beyond. Reconciliation is an essential control function in financial services aimed at …

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Fenergo and IBM sign OEM agreement

Fenergo and IBM have signed an Original Equipment Manufacturing (OEM) agreement in which the two companies work together to develop solutions to financial crime. Fenergo’s …

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EU payment agents are demanding further SCA delays

A group of payment industry associations and large corporations have written an open letter to the European Banking Authority (EBA) requesting a six-month delay in …

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First Data agrees to FTC billing for $ 40 million

First Data Merchant Services (First Data) has reached a $ 40 million settlement with the Federal Trade Commission (FTC) that will provide reimbursements to consumers …

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OP Financial selects Finnish Fintech Enfuce for turnkey PSD2 services

OP Financial has selected Enfuce, a Finnish payment service provider, to provide its turnkey compliance services for the Second Payment Directive (PSD2) in Estonia, Latvia …

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Four EU banking institutions are requesting a one-year delay in T2-T2S consolidation

Four European banks have requested the European Central Bank (ECB) to delay the ongoing consolidation project for TARGET2 and TARGET2 securities (T2-T2S) for one year. …

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New digital business models depend on agile and adaptive compliance processes

Chiara Gelmini, Appway: Flexibility, rhythm, and simplification are critical to helping institutions survive and thrive in this riskier world The financial services industry has seen …

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EBook: Are You Using The Best Approach To Customer Identity Verification?

Typical solutions for identity verification are insufficient. They are prone to data breaches and hacks. With so much compromised personal information, how do you know …

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Chinese regulator prepares for market destruction

The China Securities Regulation Commission (CSRC) has promised to step up its crackdown on fraud, insider trading and market manipulation in its financial markets. The …

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Westpac discloses violations of money laundering and due diligence

Major Australian bank Westpac admitted a number of money laundering (AML) and terrorist financing (CTF) violations in federal court this week. Westpac bosses then stopped …

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Partnerships to Advance Industry in the Post-COVID World

The coronavirus pandemic immediately changed the financial services industry. Dramatic long-term effects are afoot in the financial world and companies need to think about how …

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Fintech bridges and risk in the UK

Fintech bridges are a form of bilateral agreement between two national governments and their respective competent regulatory authorities, which promotes increased cooperation between the two …

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The European Commission plans to fill loopholes in the AML and CTF regulations

The European Commission (EC) has published a plan to “fill in the loopholes” and remove weak links in current EU anti-money laundering (AML) and anti-terrorist …

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Whitepaper: The digitization of sell-side risk management

What are the latest trends in risk management and which ones shape them? The new decade brings with it some earth-shattering challenges, not least the …

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IBM, R3, Mastercard and Accenture form the Trust over IP Foundation

A group of private and nonprofit companies including IBM, R3, Mastercard, and Accenture have come together to create the Trust over IP (ToIP) Foundation, led …

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Morgan Stanley pays $ 5 million fine for misleading investing customers

Morgan Stanley has agreed to pay a US $ 5 million fine to cover fees filed by the SEC for “misleading information” to customers in …

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Euronext Corporate Services grabs Finnish compliance companies

Euronext Corporate Services has acquired two Finnish regulatory technology companies in Ticker Software and Sidonnaisuusrekisteri.fi. Euronext is trying to penetrate the Nordic region Ticker software, …

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What steps should traders take to comply with SCA in a timely manner?

With the deadline extension of the SCA rules (Strong Customer Authentication) according to the Second Payments Directive (PSD2), merchants must take measures to support SCA …

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E-Book: The Inevitable Collision of Identity Verification and Authentication

Are your customers and users really who they say they are? The answer to this question has never been more important. Verification is now required …

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Equifax and HooYu sign a partnership between KYC and Onboarding

Equifax has signed a Know Your Customer (KYC) and a customer boarding partnership with regtech company HooYu. Equifax offers HooYu’s UI and UX tools to …

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Webinar: Weighing IT Compliance and Innovation Agendas in Financial Services

A plethora of innovations has occurred since the 2008 financial crisis. With new competition and higher customer expectations, it is more important than ever for …

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According to the Central Bank of India, there are no restrictions on banks to serve crypto traders

The Reserve Bank of India (RBI) has clarified its stance on banks providing accounts to traders who trade virtual currencies, stating that there is no …

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Contracts: a picture is worth a thousand words

Images have been used for billions of years to communicate vital information between different parties, from ancient cave art to the use of symbols for …

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Strong customer authentication suffers from another delay

Biometric authentication is quick and easy to provide and also benefits everyone involved in an online payment process The Financial Conduct Authority (FCA) recently announced …

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Liquidity Risk COVID-19: Big and Small Data

Employing the right technology to track, track, and manage liquidity data and reports will help financial institutions smoothly manage the balance sheet and financial liquidity …

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The FCA appoints LSE boss Nkihil Rathi as new CEO

The Financial Conduct Authority (FCA) has appointed Nikhil Rathi as its new Chief Executive Officer (CEO) for at least the next five years. Rathi will …

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Payfone Identity Verification Firm lands $ 100 million

Payfone, the New York-based digital identity verification company, has raised $ 100 million in funding. To date, Payfone has raised $ 175 million, and its …

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CFTC fines Deutsche Bank $ 10 million for failing swaps and trade spoofing

The Commodity Futures Trading Commission (CFTC) has completed two enforcement actions with Deutsche Bank for $ 10 million. The German pulled up in 2013 and …

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Muniy chooses HooYu for KYC and raises £ 200,000

Muniy, an upstart in digital banking with offices in London and Manama, Bahrain, partnered with regtech HooYu prior to its launch in the UK to …

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MAS launches a $ 1.25M fintech challenge to tackle climate change and COVID-19

The Monetary Authority of Singapore (MAS) has announced the launch of a $ 1.25 million fintech innovation challenge focused on COVID-19 and climate change. MAS …

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US digital banking rules could change if OCC asks for input

The Office of the Currency Auditor (OCC) has requested public feedback on current US digital banking regulations, including responses to a question on “Barriers to …

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NICE Actimize agrees to acquire Guardian Analytics

NICE Actimize has entered into an acquisition agreement with the cloud-based financial risk management company Guardian Analytics. The deal is expected to close in quarter …

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Santander uses ThetaRay’s AML solution for correspondent banking

Banco Santander has selected ThetaRay, an Israel-based cybersecurity and big data analytics company, to deliver its anti-money laundering (AML) capabilities to its correspondent banking network. …

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The Reserve Bank of Australia is considering changing payment costs for merchants

The Reserve Bank of Australia (RBA) is exploring the possibility of reducing the cost of electronic payments for merchants and consumers. The RBA could step …

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Data protection versus data security: why is it so difficult to have both?

The General Data Protection Regulation (GDPR) went into effect in May 2018, and the California Consumer Privacy Act (CCPA), the first state data protection act …

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LSE and Refinitiv merger in the spotlight of competition from EC investigators

The European Commission (EC) has launched an investigation into the acquisition of Refinitiv by the London Stock Exchange Group (LSE). LSE and Refinitiv are in …

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FCA is preparing to switch to the new RegData data acquisition platform

The Financial Conduct Authority (FCA) is preparing the transition of companies to its new data acquisition platform RegData. The FCA will gradually migrate the companies …

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Hummingbird raises $ 8.2 million led by Flourish Ventures

Hummingbird, a San Francisco-based provider of anti-money laundering (AML) compliance technology, raised $ 8.2 million in its Series A funding round. Flourish Ventures led the …

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Report: Shareholder Rights Directive (SHRD) – the impact on securities processing

On May 17, 2017, Directive (EU) 2017/828 of the European Parliament and of the Council amending Directive 2007/36 / EC to promote the long-term commitment …

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From open banking to open finance

It is not until 2020 that we will see the quality, reliability, and reach of APIs connected to accounts that are realizing the regulator’s vision …

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The FCA confirms the cooperation with the EU regulators after Brexit

The UK’s Financial Conduct Authority (FCA) has confirmed a number of agreements with European regulators. The FCA aims to work with the EU regulatory authorities …

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