Australia orders audit of PayPal’s reporting compliance
The company reported itself following an internal review.
Compliance
Sibos 2019: Cultural barriers need to fall to make cybersecurity more transparent
Banks need to go beyond ISO requirements, says Cramer.
BNG Bank heads to the cloud with Wolters Kluwer OneSumX
Dutch bank believes Wolters Kluwer was the “natural choice”.
Sibos 2019: Banks must improve data handling to root out financial crime
Applying AI needs to be done when data is set right, says panel
Sibos 2019: “Blockchain is not a magic wand,” says Euroclear
The panel agrees blockchain is not a ‘one size fits all’ solution.
Sibos 2019: “Digital transformation will happen quicker in LatAm than Europe”
McKinsey predicts “the spike” will hit soon.
Sibos 2019: Banks should stop waiting for political uncertainty to end, it won’t
Banks need to adapt to a permanently unstable status in politics.
National Bank of Canada chooses CGI’s All Payments platform
The bank is modernising its payments ecosystem.
FICO fights financial crime with Falcon X
A unified environment for the detection and investigation of both fraud and financial crimes.
API for identity and compliance: an acronym financial services actually love
Failure to accurately verify customer and business identities online has been a sharp thorn.
Latitude Financial preps $2.5bn IPO
It will be the largest IPO in the country since 2014.
France warns UK to avoid Brexit derivatives clash
AMF wants Britain to guard against potential for arbitrage opportunities.
Cappitech and Kaizen find firms are behind for SFTR implementation
Kaizen describes the figures as “somewhat concerning”.
FCA review finds investor happiness with MiFID II research unbundling
MiFID II is improving asset managers’ accountability over costs.
German blockchain strategy fires warning shot at Facebook’s Libra project
Germany vows to fight any efforts to issue parallel currencies.
CFPB puts Bank of America under fake accounts microscope
The regulator has been investigating BofA since March 2019.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Behind the music: Tuning the noisiness of your KYC
Scanovate’s KYC Orchestra has been doing full tours in the EU, Latin America, Israel and the US.
LexisNexis Risk Solutions says companies will struggle with upcoming 5MLD
The regulation follows from the Panama Papers leaks and crypto.
Research reveals Belgium issued 95% of AML fines in last four months
Authorities handed down three AML-related fines May, totaling to $336.7 million.
CFPB and state regulators launch US consumer network for fintech
The network will drive competition, consumer access and financial inclusion.
UK fintech PrePay Solutions gets Belgium e-money licence
The licence was secured in a bid to curb Brexit uncertainty.
DN Intersect 2019: final round up and key takeaways
The conference was predominantly focused on North America.
Tel-Aviv based Kovrr raises $5.5m
The new funding will accelerate the company’s global expansion plans.
United Trust Bank launches facial recognition ID verification
The new system takes only 90 seconds to complete.
SmartStream RDU launches SFTR security reference data service
Gathering data required under SFTR could prove to be a headache for most firms.
New challenger bank Zenus picks NICE Actimize AML tech
The bank wants a cloud-focused financial crime strategy.
Delta Capita and DTCC Collaborate on SFTR Testing
Delta will make the test pack available to DTCC to test its own SFTR matching and reporting service prior to launch.
Revolut withdraws banking licence application in Luxembourg
It needs regulatory approval from an EU27 state to maintain EU single market access post-Brexit.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Malta FSA supports local fintechs
A new general counsel will manage domestic financial legislation.
Swift launches new API standard for open banking innovation
Universal API standards will speed up open banking.
Hong Kong authority changes guidelines to boost fintech
Lenders can now use big data analysis to review applications.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
Australian share trading start-up to launch in UK
Stake has been granted a licence by the FCA.
Distributed compliance is the key to banks increasing CDD and KYC challenges
We must we re-imagine risk management and compliance.
Fintech start-up Byhiras chosen for UK pension solution
The solution will be used by all UK LGPS pension funds by Q1 2020.
Danske reported to police over investment mis-selling
The Danish regulator says Danske broke investor protection rules.
White paper: Digitalisation, automation, coverage, timeliness and reliability
Challenges regarding the automatic exchange of information (AEOI) regarding tax matters summarised.
