Uzbekistan’s People’s Bank selects Fusion Risk from Finastra
FinExtra Group and Neoflex to deploy the system locally.
Risk Management
ComplyAdvantage raises $50m in Series C funding
The new capital will be put towards international expansion.
Catering to China’s small-time exporters
Bill Deng, CEO of XTransfer, unpacks how banks have snubbed a large number of long-tail customers.
BaFin gets “sovereign powers” after Wirecard scandal
The plan will also strengthen APAS, the body that oversees auditing firms in Germany.
Talk like an Egyptian: a brief history of data encryption
Can today’s PKI encryption techniques fill the promise of inherently secure data?
AI and correspondent banking: de-risking doesn’t need to mean goodbye
Correspondent banking represents one of the most vexing dilemmas for financial institutions and regulators.
CCAF, World Bank and World Economic Forum call on industry to take part in COVID-19 fintech study
Working in fintech? Take part in the survey and share your views!
Latvian regulator fines Signet Bank €906k for AML issues
FCMC fines Latvian private bank after on-site inspections.
B-North boosts risk assessment with Wiserfunding deal
SME challenger picks Wiserfunding to support its risk grading.
Head in the clouds
Most financial services firms have a cloud journey roadmap.
Deutsche Bank faces $150m fine for Jeffrey Epstein ties
“The bank’s failure to recognise this risk constitutes a major compliance failure.”
LIBOR transition: everything you need to know
How NIIT Technologies is supporting businesses grappling with LIBOR transition.
Elevate Credit ceases UK operations
It will no longer be operating its wholly-owned UK unit, ECIL, under the “Sunny” brand.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
Adverse media screening: a key pillar of financial crimes compliance
Can we leverage AI to enhance the effectiveness and efficiency of adverse media screening?
Five ways to streamline your online checkout process
The commercial case for streamlining the online payments process is clear.
Wirecard’s former CEO Markus Braun arrested
Munich police say a criminal investigation into Wirecard has been launched.
Data privacy versus data security: why is it so hard to have both?
Blockchain and other DLT secure data by making it immutable.
Liquidity risk COVID-19: big vs small data
Banks must be prepared to perform deep due diligence on their credit lines and loan books.
FCA permanently bans marketing of mini bonds
The FCA will extend it to other speculative investments that are hard to trade.
Amaiz appoints Francesca Dowling as their new head of compliance
Dowling has more than 20 years’ experience working in the regulatory field.
Banks, cybersecurity and virology
I would actually like to see governments take a more holistic look at how they’re fighting COVID-19.
Muniy chooses HooYu for KYC and raises £200,000
The fintech says it will allow merchants to pay a lower transaction processing cost.
Insurance in the digital age: injecting automation into the claims process
A lot of claim processing, across all product lines, is carried out manually.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
Poland’s mBank picks Wolters Kluwer for risk management
OneSumX to be deployed across mBank’s Polish, Czech, and Slovakian ops.
Developing industry-wide standards on DLT security will lead to wider adoption
To develop industry standards, four things need to happen.
Why collaboration and partnerships will beat the fraudsters in open banking
It’s therefore important for banks to make sure they are dealing with legitimate and regulated TPPs.
NICE Actimize agrees acquisition of Guardian Analytics
The acquisition is expected to close in Q4 2020.
Real-time payments and fraud: what can be done?
To effectively manage fraud risk, companies should use advanced analytics techniques.
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
What steps should merchants take to comply with SCA on time?
Merchants need to make sure they have implemented support for EMV 3DS.
E-book: The inevitable collision of identity proofing & authentication
How to achieve end-to-end identity verification and authentication in today’s digital world.
Getting reconciliation right in the “decade of data”
FinTech Futures sat with Douglas Greenwell, reconciliation expert at Duco.
KfW completes multi-year deployment of FIS Ambit Focus
German state-owned development bank KfW has completed a multi-year implementation project with FIS. The bank chose the FIS Ambit Focus asset and liability management platform for its market and liquidity risk controlling. According to FIS, the new solution provides the bank with a central data source for measuring, monitoring and reporting on market and liquidity […]
Contracts: a picture paints a thousand words
Visualisation is a growing trend within the enterprise space.
Strong customer authentication suffers another delay
Biometrics authentication is fast & easy to deploy, benefitting all stakeholders in an online payment transaction.
Taking a deeper look at deepfake technology
It’s only a matter of time before cybercriminals attempt to use deepfakes as a common way to defraud businesses.
The Bancorp announces release from consent order
Restrictions related to growth within The Bancorp’s Payments businesses are removed.
Al Alam enters liquidation following KPMG’s Wirecard audit
The firm is central to whistleblower claims that Wirecard fraudulently inflated sales & profits.
