Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Crypto remains divisive amid Russia's invasion of Ukraine

While the long-lasting effects of the war in Ukraine on cryptocurrency remain unknown, drastic changes across the crypto industry have been felt since Russia’s invasion began eight days ago.

04 March 2022

Research/Money Laundering

ISO 20022: How banks can avoid becoming a cautionary tale

04 March 2022 604 downloads

News/crypto

JP Morgan invests in blockchain intelligence platform TRM Labs

JP Morgan is the latest financial services giant to invest in blockchain intelligence platform TRM Labs.

01 March 2022

Company update/identity

Digital ID firm OCR Labs raises $30 million

OCR Labs has announced a $30 million Series B round led by New York-based Equable Capital to expand its team in North America and EMEA. OCR Labs is headquartered in London.

23 February 2022

News/crypto

Crypto giants form travel rule compliance platform

Some of the biggest players in crypto - including BlockFi, Coinbase and Robinhood - have joined forces to develop technology that helps them meet a rule designed to counter money laundering.

18 February 2022

Company update/payments

Moorwand launches suite of payments compliance services

Moorwand, a payments solutions provider, offering BIN sponsorship and issuing services, today announced the launch of its suite of payments compliance services.

17 February 2022

News/regulation

FCA concerned about Binance getting access to Faster Payments

The Financial Conduct Authority has expressed concern about a deal to give crytpo exchange Binance access to the the UK's Faster Payment Service, but says it has "limited powers" to object.

16 February 2022

Company update/crypto

India's CoinDCX picks Solidus or AML protection

CoinDCX, India’s first crypto unicorn and the nation’s safest crypto exchange, announced today that it has selected crypto-native risk monitoring firm Solidus Labs as a strategic compliance partner.

15 February 2022

Company update/regulation

Australian super fund, LGIAsuper, turns to Napier for AML systems upgrade following recent merger

Napier, provider of leading anti-financial crime compliance solutions, has announced that LGIAsuper, a Queensland-based superannuation fund, has adopted its Transaction Monitoring and Client Screening tools as part of an upgrade of the fund’s anti-money laundering (AML) defences.

08 February 2022

Company update/crime

EBA launches AML database

The European Banking Authority (EBA) launched today its central database for anti-money laundering and counter-terrorist financing (AML/CFT).

31 January 2022

Company update/people

Napier appoints Fenergo's Kevin O’Neill as chief revenue officer

Napier, provider of leading anti-financial crime compliance solutions, has announced Kevin O’Neill has joined the fast-growing RegTech as Chief Revenue Officer (CRO) to help drive further growth across its global operations.

18 January 2022

Research/Money Laundering

Will banks use digital security as a post-pandemic differentiator?

17 January 2022 376 downloads

Company update/crypto

Luxembourg-based tokenisation platform Tokeny partners with Inveniam Capital

Tokeny, the Luxembourg-based tokenization platform, announced today a partnership with Inveniam Capital Partners, Inc. (“Inveniam”), a SaaS company delivering trust, transparency and completeness of data to private market assets. The partnership includes a €5m investment by Inveniam, Apex, and K20 Fund.

14 January 2022

Company update/people

Tier1 appoints Megan Howe MD, North American sales

Tier1 Financial Solutions (“Tier1”), a leading provider of client relationship management (“CRM”) solutions, AML compliance and fraud prevention solutions, has appointed Megan Howe as Managing Director, North America Sales.

11 January 2022

Company update/regulation

Value of FCA fines increase nearly fourfold to £577m

An end of year surge in fines has seen the value of FCA fines increase nearly fourfold to £577m this year, up from £156m last year – the highest value of fines in six years, says leading international law firm RPC.

17 December 2021

Company update/regulation

FinCEN seeks comments on modernisation of US financial crime controls

Today, FinCEN is issuing a request for information (RFI) seeking comments on ways to streamline, modernize, and update the anti-money laundering and countering the financing of terrorism (AML/CFT) regime of the United States.

16 December 2021

News/crime

AML penalties hit $2.2 billion in 2020 as regulators crack down on financial crimes

Fines for anti-money laundering (AML) failings by regulated institutions were five times higher in 2020 than 2019, totalling $2.2 billion.

14 December 2021

Company update/regulation

NatWest fined £264.8 million for anti-money laundering failures

National Westminster Bank Plc (NatWest) was today fined £264,772,619.95 following convictions for three offences of failing to comply with money laundering regulations.

13 December 2021

Company update/regulation

Paystrax selects Sentinels for AML compliance

Sentinels, Europe’s leading intelligent transaction monitoring platform, has been selected by European merchant acquirer, PAYSTRAX uab, to enhance the anti-money laundering (AML) processes for its portfolio of European payment services and future-proof the business in line with the increasingly stringent regulatory environment in Lithuania.

13 December 2021

Company update/regulation

Identitii joins Nice Actimize X-Sight marketplace

Identitii Limited (ASX:ID8) (‘Identitii’, ‘the Company’) is pleased to announce that it has joined the NICE Actimize X-Sight Marketplace, which matches technology providers with financial institutions searching for innovative financial crime solutions, including anti-money laundering and counter-terrorist financing (AML/CTF).

09 December 2021