Western Union taps Salt Edge for European digital bank pilot
Salt Edge’s software will ensure the firm’s upcoming digital banking pilot is PSD2 compliant.
Compliance
Leveraging best practice to maximise the benefits of cloud technology
Firms must assess and refine their cloud adoption strategy to ensure regulatory compliance and overall resiliency.
White paper: The eIDAS primer
Exploring electronic IDs and how they help EU citizens conduct business with government agencies.
White paper: Five key qualities of a successful AML compliance programme
An effective AML compliance programme will protect your company from regulatory fines and prosecution.
Guide: The X factor – why KYC isn’t enough
Fighting fraud and financial crime doesn’t end at onboarding.
Mastercard acquires blockchain security start-up CipherTrace
Payments giant aims to integrate CipherTrace’s crypto security and fraud detection capabilities.
The cyber-resilience shortfall: are banks underprepared for a data breach?
Banks should look to bolster their cyber-resilience to prepare for and react to potentially costly data breaches.
SEC threatens suit over Coinbase crypto lending product
Coinbase’s CEO and chief legal officer admonish US markets regulator over lack of clarity.
Hamburg Commercial Bank goes live on Broadridge payments system
German lender aims to revamp its processing capabilities.
How can identity security help solve the compliance conundrum?
Evolving tech has led to a growing number of cyber threats for FIs, as well as more compliance requirements.
Risk as an opportunity: fintech’s gold standard
How can fintechs continue to grow while also meeting increasingly stringent regulatory requirements?
Coinbase deploys Solarisbank to streamline onboarding in Germany
Cryptocurrency platform deploys new systems to improve KYC.
LexisNexis acquires onboarding and risk platform TruNarrative
TruNarrative will join LexisNexis’ business solutions group.
Cartoon: Pac-Man, our friendly neobank
This new cartoon illustrates some of the daily threats faced by neobanks.
Sova Capital selects Appway for onboarding and KYC solutions
London-based broker looks to streamline client onboarding while ensuring full compliance.
Is a change of approach required to benefit from cloud services as critical infrastructure?
It’s a fine balancing exercise of facilitating and encouraging innovation and adoption of cloud integrated services.
ICYMI funding round-up: Sarwa, Salad, Grip, Keebo & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
DueDil to merge with Artesian Solutions due to “lack of funding”
Reports indicate DueDil shareholders won’t get a return on investment.
Plaid agrees $58m settlement over data privacy class action
The plaintiffs alleged Plaid stored and used bank account information without consent.
UBS fined by Hong Kong’s SFC for compliance breaches
SFC slaps $1.5 million fine on Swiss bank for multiple issues.
FinTech Futures Jobs: Three great roles to apply for this week
Exciting vacancies at CSC, Broadridge and Oracle. Apply today!
FCA investigating Monzo as challenger reports £115m yearly loss
The FCA is investigating Monzo over potential breaches of money laundering laws.
Perpetual KYC and the move away from periodic reviews
Continuously monitoring customer information using AI could have advantages for banks and fintechs.
LogicGate secures $113m in Series C funding round
New investment takes the company’s total raised to around $156 million.
UK government plans further sale of state-owned NatWest shares
NatWest plans to be fully private by 2026.
Russian central bank asks exchanges to avoid cryptocurrency firms
Bank of Russia asks stock exchanges not to list crypto-adjacent companies.
Finansinspektionen goes live on BearingPoint RegTech’s Abacus Regulator
Swedish financial supervisory authority deploys range of modules from vendor.
How AI can help identify front and shell companies
Detection using AI can help banks and fintechs avoid huge regulatory fines.
UBS pays $8m to settle SEC compliance charges
US regulator found failings in the bank’s handling of exchange-traded products.
ID verification firm Trulioo announces four new payments partnerships
The company has partnered PayDo, Pollen Technologies, Sokin and XanderPay.
FCA levies £90m penalty against Lloyds Bank General Insurance for misleading comms
Insurer offered “competitive pricing” the FCA found to be false.
FINRA orders Robinhood to pay $70m penalty for “false and misleading information”
The sanction is the largest financial penalty issued by the regulator.
BayernLB picks Broadridge to cover regulatory reporting needs
Broadridge to help German bank with SFTR, EMIR, SiFIR, and MMSR reporting.
Stripe launches AI-based identity verification tool
Stripe Identity aims to help online businesses prevent fraud when accepting payments.
Video: BCT Digital on how big data is changing risk and credit decisioning
FinTech Futures caught up with Jaya Vaidhyanathan, CEO of BCT Digital.
Federal appeal overturns New York block on US Fintech Charter
The three-judge panel said NYDFS failed to show it had suffered “actual or imminent injury”.
Sri Lanka’s NDB Bank deploys video KYC with OneConnect and Axion
The bank aims to comply with new regulatory mandates.
Signicat buys Encap Security to combine mobile identity and authentication businesses
The two Nordic partners are now under one roof to offer a full lifecycle suite including SCA compliance.
Trading floor: overcoming the dangers of personal mobile devices
There is now an immediate requirement for proper enforcement tools and the first line of defence.
FinovateFall Supplement: be part of one of the biggest fintech events of the year
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