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

W2 Global Data raises £1.25m

A fast-growing South Wales fintech company has closed a £1.25million funding round backed by Mercia Fund Managers, Development Bank of Wales and TTI Angels.

19 July 2018

Company update/Money Laundering

Accuity buys Safe Banking Systems

Accuity announced today that it has acquired Safe Banking Systems (SBS).

12 July 2018

Company update/Money Laundering

Tether hires former BMO exec as compliance head

Tether Limited, the leading provider of tokenized traditional government-backed currencies, has appointed former AML Quality Control Manager at the Bank of Montreal, Leonardo Real, as Chief Compliance Officer (CCO).

12 July 2018

Company update/Money Laundering

Backbase and Jumio ally for AI-powered identity verification

Jumio, the leading AI-powered trusted identity as a service provider, today announced a partnership with Backbase, the omni-channel digital banking platform leader.

11 July 2018

Company update/Money Laundering

Standard Chartered enlists Regtech startup Silent Eight for financial crime fight

Standard Chartered has announced that as part of its continued efforts to lead the way in the global fight against financial crime, and through its use of RegTech, it has partnered with Silent Eight to deliver cutting edge capabilities to its Financial Crime Compliance (FCC) teams.

10 July 2018

Company update/Money Laundering

Encompass appoints Ed Lloyd as EVP, global sales

encompass corporation (“encompass”), a fast-growing global provider of robotically automated Know Your Customer (KYC) solutions, today announced the appointment of Ed Lloyd, a long-term veteran of the compliance technology industry, to the position of Executive Vice President, Global Sales.

06 July 2018

News/Money Laundering

ThetaRay secures $30 million investment

Financial crime threat detection outfit ThetaRay has completed a Series B fund-raising round of over $30 million.

04 July 2018

News/Money Laundering

Banks trial KYC on R3 Corda blockchain platform

More than three dozen firms - including BNP Paribas, China Merchants Bank and Deutsche Bank - have carried out a global trial of a know your customer (KYC) application built on R3's Corda blockchain platform.

28 June 2018

Company update/Money Laundering

IdentityMind signs licensing deal with KYC2020

IdentityMind Global, Digital Identities You Can Trust, today announced that it has signed a license agreement with KYC2020 whereby KYC2020 will integrate with the IdentityMind technology partner ecosystem to enhance IdentityMind’s know your customer (KYC) and anti-money laundering (AML) sanctions screening solution coverage.

21 June 2018

News/Money Laundering

IBM Watson expands further into RegTech

IBM is expanding Watson further into the RegTech arena, pitching the cognitive computing platform as uniquely placed to help banks deal with an increasingly complex regulatory and risk environment.

20 June 2018

News/Money Laundering

Spanish banks move ahead with blockchain platform for digital IDs

A consortium of Spanish banks is moving ahead with the development of a blockchain-based digital identity platform slated for live testing before the end of the year.

20 June 2018

Company update/Money Laundering

SmartSearch moves AML checks to the mobile

Anti-money laundering (AML) pioneers SmartSearch has launched a fully integrated app to allow AML checks to be carried out remotely.

20 June 2018

News/Money Laundering

ABN Amro picks ThetaRay machine learning tech to fight money laundering

ABN Amro has signed up for machine learning technology from ThetaRay to help it tackle money laundering and terrorist financing risks.

19 June 2018

Company update/Money Laundering

Luxembourg Bankers' Association reports back on blockchain progress

The Luxembourg Bankers’ Association (ABBL) supported by the Fondation ABBL pour l’Education Financière in cooperation with the University of Luxembourg and its Interdisciplinary Centre for Security, Reliability and Trust (SnT) progress with the joint research project on the use of distributed ledger technology (blockchain) and data analytics for KYC (Know Your Customer) processes.

18 June 2018

Company update/Money Laundering

Trulioo and Acuant team on global identity tool for fraud prevention

Trulioo, the leading global identity and business verification provider, has partnered with Acuant, a global provider of data capture and identity authentication solutions, to supplement its online identity verification marketplace, GlobalGateway.

12 June 2018

Company update/Money Laundering

Pelican launches live 'beta' version of its API hub

Pelican, a global provider of payments and financial crime compliance solutions to banks and corporates, has announced the live ‘beta’ launch of its pan-European API Hub for banks.

12 June 2018

News/Money Laundering

ECB's Hakkarainen warns on IT outsourcing risks

As the digitalisation of banking gathers pace, outsourcing of key IT services to third parties poses an increasing risk to the sector, warns a senior European Central Bank figure.

06 June 2018

Company update/Money Laundering

Canara Bank censured by FCA for anti-money laundering failings

The Financial Conduct Authority (FCA) has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days.

06 June 2018

Company update/Money Laundering

Blockbid adopts bank-grade KYC tech from LexisNexis

Secure cryptocurrency trading platform Blockbid adds increased fraud prevention security and bank-grade know your customer (KYC) solutions, in a move to be one of the first exchanges that exceeds user expectations and voluntarily meets stringent global anti-money laundering requirements.

06 June 2018

Company update/Money Laundering

Pegasystems opens path to blockchain for banking customer onboarding

Pegasystems Inc. (NASDAQ: PEGA), the software company empowering customer engagement at the world’s leading enterprises, has announced the availability of Pega Blockchain Innovation Kit to demonstrate the use of blockchain within Pega’s market-leading onboarding applications.

05 June 2018