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

Cambridge Blockchain and IHS Markit join forces to bring DLT to KYC data collection

Cambridge Blockchain and IHS Markit have teamed up to bring distributed digital identity technology to the collection and management of know-your-customer information.

31 January 2018

News/Money Laundering

Signicat snags EUR1.6 million in EU funding to create digital ID framework

Norway's Signicat has secured €1.36 million in phase two funding from the EU's Horizon 2020 programme with the objective of creating a fully-compliant ID assurance and digital onboarding toolbox for use by European financial institutions.

25 January 2018

Company update/Money Laundering

Accuity hands out promotions to Norris and Bharath

Accuity, the global financial crime compliance, payments and KYC solutions provider, announced the appointment of Sean Norris as Head of Sales, EMEA & APAC. Bharath Vellore has been appointed as the company’s Managing Director for Asia-Pacific (APAC).

24 January 2018

Company update/Money Laundering

Trulioo releases KYC tool for mobile operators

Trulioo, the leading global identity verification provider, today launched the first Know Your Customer (KYC) solution to connect to 24 of the world’s largest Mobile Network Operators (MNOs).

23 January 2018

News/Money Laundering

China regulator says fintech must serve real economy

One of China's senior financial regulators has stated that the government will only support fintechs that serve the real economy, casting further doubt on the future of virtual currencies and related technologies within China.

16 January 2018

Company update/Money Laundering

LuLu Exchange tackles AML with Fiserv tech stack

Fiserv today announced that LuLu Exchange, which provides cross-border remittance, currency exchange and other financial services for consumers and businesses, has selected Fiserv to enhance its financial crime prevention capabilities and enable its expansion into new markets.

02 January 2018

Company update/Money Laundering

Commonwealth Bank files response to Austrac claims

Commonwealth Bank (CBA) today filed our response to the civil proceedings commenced by AUSTRAC on 3 August 2017.

13 December 2017

Company update/Money Laundering

FATF issues guidance on bank information sharing

Money laundering, terrorist financing and other forms of financial crime do not stop at national borders but can have links to several countries and financial institutions.

12 December 2017

Company update/Money Laundering

Waves sets up self-regulatory body to set ICO standards

Waves Platform is creating a self-regulatory body that will provide reporting, legal, tax & accounting, KYC and business due diligence standards for ICOs and blockchain industry.

11 December 2017

News/Money Laundering

Australian Government amends AML rules to cover digital currencies

The Australian Senate has passed legislation extending anti-money laundering and counter-terrorism financing regulation to digital currency exchanges.

08 December 2017

News/Money Laundering

Big data and software robots crunch compliance costs for Credit Suisse

Credit Suisse says that a new big data platform and the intelligent deployment of software robots is reversing years of rising compliance costs.

01 December 2017

Company update/Money Laundering

Quantexa hires ex-Deutsche Bank & RBC AML global head Karim Rajwani

Quantexa, the big data start-up, has hired Karim Rajwani, as Global AML Advisor. He has has joined from Deutsche Bank where he was Money Laundering Reporting Officer and Global Head of Financial Intelligence.

27 November 2017

Company update/Money Laundering

CBA introduces daily card limits for ATM deposits

Since the second half of 2015, Commonwealth Bank has made significant progress on a program of action strengthening policies and processes relating to our obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

20 November 2017

News/Money Laundering

SEC and exchanges in spat over surveillance system

A row has broken out between the US capital markets watchdog and a number of exchanges over the plan to impose a new market surveillance system on the US equities and options market.

15 November 2017

Company update/Money Laundering

Travelex teams up with Xpress Money for transfers

Xpress Money, one of the most dependable money transfer brands in the world, has announced a strategic partnership with Travelex, a leading global expert in foreign exchange and cross-border international payment solutions, to provide instant global money transfers in its physical stores.

15 November 2017

Company update/Money Laundering

Kenneth Blanco named FinCEN director

The U.S. Department of the Treasury announced Kenneth A. Blanco today as Director of the Financial Crimes Enforcement Network (FinCEN), a bureau in Treasury’s Office of Terrorism and Financial Intelligence (TFI).

08 November 2017

Company update/Money Laundering

OCBC taps ThetaRay for AI-based AML screening project

On any one typical work day, an OCBC Bank anti-money laundering (AML) compliance analyst would log into the bank’s transaction monitoring system and find up to hundreds of potentially suspicious transactions he or she had to review.

08 November 2017

Company update/Money Laundering

Opus and Fenergo combine for KYC workflow

Opus, the leading provider of global compliance and risk management solutions, today announced a partnership with Fenergo, the industry standard for Client Lifecycle Management (CLM) software solutions for investment, corporate and private banks.

08 November 2017

Company update/Money Laundering

Swift expands Name Screening to support small firms and emerging markets

SWIFT has expanded its Name Screening service to enable smaller firms and institutions in emerging markets to screen customer databases against sanctions and Politically Exposed Persons (PEP) lists to prevent financial crime.

18 October 2017

Company update/Money Laundering

Accuity begins live screening pilot with bank clients

Accuity, the global financial crime compliance, payments and KYC solutions provider, today announced the launch of its Firco Live Services pilot with global banks.

18 October 2017