RegTech

Regulatory technology, is a new technology that uses information technology to enhance regulatory processes. With its main application in the Financial sector, it is expanding into any regulated business with a particular appeal for the Consumer Goods Industry. Often regarded as a subcategory under FinTech, RegTech puts a particular emphasis on regulatory monitoring, reporting and compliance and is thus benefiting the finance industry.

Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com

Know Before You Go...Investing in Japan

By all reports, investment money is flowing into Japan. With the Nikkei up over 30% this year, it appears that Japan is on the other side of its “lost decade”. The Nikkei has not been this high since the 1990’s. So, what’s driving this renewed interest in the 3rd largest economy (based on nominal GDP) in the world? For starters, Japan is showing s...

27 June 2023 /regulation /markets

Stan Cowan 

2024 Beneficial Ownership Rules Explained: How FIs Can Stay Compliant and Avoid Penalties

Having a strong KYC and KYB program is vital for FIs to fight fraud and risk. And now, this is becoming less of an option. In an effort to combat financial crimes such as money laundering and terrorist financing, new beneficial ownership rules have been implemented for deposit accounts at financial institutions (FIs). These rules require FIs to id...

03 April 2023 /regulation /identity

Alin Bui Co-founder & Chief Strategy Officer at Anduin Transactions

The Information Gap Between Retail Investors and Private Markets

Fund managers today are bullish about the retail markets as a new investment stream, in part to reduce dependence on institutional portfolios. But many in private equity and venture capital are grappling with how to engage this promising category of investors. Through the turbulence of 2022, we observed the growing relationship between fund manage...

06 March 2023 /regulation /markets

Fatemeh Nikayin Co-Founder at Rivero

The dangers of breaking compliance rules within the card payment schemes

Card payment operations is a highly regulated industry, with a core aspect being compliance with license rules (scheme rules and regulations) of international payment networks (e.g. Mastercard, Visa) and the management of scheme fees and interchange rates. Compliance is only becoming more complex, and the ever-changing requirements often demand a ...

01 February 2023 /payments /regulation

Farnoush Mirmoeini Co-founder at KYC Hub

Change ahead: Key KYC and financial crime developments in 2023

2022 brought renewed attention to the anti-money-laundering (AML) space and the know your customer (KYC) processes underpinning it. High profile cases, such as the criminal trial of Credit Suisse for failing to prevent money-laundering by a Bulgarian drug trafficking ring and the unprecedented sanctions against Russia put the subject front and cen...

25 January 2023 /crime /predictions

Harriet Christie Chief Operating Officer at Mirrorweb

A Guide to Website Archiving 2023

Across all sectors, organizations are steadily publishing more and more content online. This has become even more prominent post-pandemic, as the global community shifted online to overcome the physical limitations placed upon them by lockdown. Websites are used to sell products and services to clients, to publish and share sales and marketing mat...

16 January 2023 /regulation /startups

Harriet Christie Chief Operating Officer at Mirrorweb

Financial Services’ Inconvenient Need for WhatsApp Archiving

In September 2022, the Securities Exchange Commission (SEC) and Commodity Futures Trading Commission (CTFC) reached settlements totalling around $1.8 billion with 12 of Wall Street’s leading investment banks. The prominent institutions, which included Morgan Stanley, Citigroup, Goldman Sachs and Bank of America, were penalized for failing to monit...

03 January 2023 /regulation /crime

Claus Christensen CEO at Know Your Customer

UBO Identification in Europe: What Happens Now?

Following a seminal ruling from the EU Court of Justice in November, the journey towards greater corporate transparency recently encountered a stumbling block. As further developments remain uncertain, what options are available to compliance teams and members of the public looking to access official beneficial ownership information across jurisdi...

14 December 2022 /regulation /crime

David Vilf Global Product Lead in Digital Identity at Onfido

Top four things to consider when building an eKYC solution

Millions are spent annually on Know Your Customer (KYC) and anti-money laundering (AML) procedures as businesses strive to confirm identities and fight money laundering. The rise of online banking and payments has made due diligence increasingly complex to navigate - so what elements should you consider when building a robust and reliable eKYC sol...

24 November 2022 /regulation /identity

Paul O'Sullivan Chief Executive Officer at Aryza Lending Solutions at Aryza

Why it pays to standardise credit risk processes

Despite regulations being designed to simplify compliance processes and minimise credit risk, the pace of change in the financial services world is so fast that staying on top of these changes can be challenging. The IFRS 9 is one such example. Since it came into force four years ago, we’ve suffered from a global pandemic, the increased use of buy...

02 November 2022 /regulation