Tag : AML

B2B Commerce Fintech News Technology

Liminal Wallet Infrastructure & Custody Solutions Releases Significant Platform Improvements To Help Web3 Companies Satisfy PMLA Requirements

Fintech Staff Writer
Liminal, a leading wallet infrastructure & custody solutions platform, launched its latest platform update to help web3 businesses in India comply with the Prevention of Money Laundering Act, 2002 (PMLA). Indian PMLA guidelines took effect on March 10, 2023. These guidelines require businesses to follow the Travel Rule, Transaction Monitoring,......
Why Only AI and Data Analytics Can Stop Financial Criminals
Artificial Intelligence Guest Posts

Why Only AI and Data Analytics Can Stop Financial Criminals

Saeed Patel
The first piece of anti-money laundering legislation took effect in 1970 when the US introduced the Bank Secrecy Act (BSA). Since then, financial institutions have been under pressure to stop those who aim to benefit financially from wrongdoing.    Recommended: Importance Of Customer Experience Management In Fintech Industry In their bid to......
For Middle Market Companies, Economic Uncertainty and a Technology Gap Heighten Appeal of Big Banks
Banking News

For Middle Market Companies, Economic Uncertainty and a Technology Gap Heighten Appeal of Big Banks

Business Wire
Concerns about an economic downturn have made middle market companies more conservative when managing their banking relationships. Latest Fintech Insights :  MoneyLion Partners with Column Tax to Offer Customers Free Tax Services “Intuitive digital solutions are the key to improving the client experience” Over the past six months, perceptions of......
B2B Digital Asset Management News Risk Management

Gate.io Deploys Coinfirm’s AML/CFT Platform To Further Enhance Its AML/CTF Standards

Fintech News Desk
Gate.io, the world’s leading digital asset trading platform, has chosen Coinfirm, the global leader in analytics and anti-money laundering (AML) solutions for the blockchain industry, as one of its key AML/CFT partners. The partnership will give Gate.io access to Coinfirm’s industry-leading Coinfirm Analytics Platform, which offers real-time AML/CFT risk management solutions for......
Banking Commerce Digital Payments News

Payment Firms Warned About Governance Deficiencies By Central Bank of Ireland

Fintech Staff Writer
The letter concludes by telling companies: “The Central Bank expects all firms in the sector to discuss this letter with their Board, and to reflect on the supervisory findings called out.” Ireland’s central bank has fired a shot across the bows of payment and e-money firms after finding “significant deficiencies”......
Banking Fintech News Technology

KYC Compliance For Specialized Bank By Startups

Fintech Staff Writer
After receiving the first ever issued EU specialized banking license, the Lithuanian boutique bank is in its hypergrowth stage. As guaranteed by mano.bank, prior to taking care of business with iDenfy, the objective was to proceed to give the accommodation of use without settling for less on the experience for......
B2B E-commerce News

RevoluGROUP Canada Inc. Signs Mutual Business Development Strategy Furthering Equity Investment Talks

Fintech News Desk
RevoluGROUP Canada Inc. is pleased to announce that it has signed a mutual Business Development agreement on November 25th, 2022, in which the potential Acquirers and the Company agree to a future joint strategy should the equity investment conclude favorably. The addendum is a continuance of negotiations concerning the October 14th, 2022,......
Cryptocurrency News Trading

BitMEX Partners with Solidus Labs To Bolster Comprehensive Transaction Monitoring Programme

Fintech News Desk
BitMEX, one of the world’s largest crypto trading platforms, announced that it has partnered with Solidus Labs to provide transaction monitoring across BitMEX’s platform. BitMEX integrated HALO, Solidus’ Unified Market Integrity Hub in October 2022, as part of its mission to provide the highest compliance standards for its cutting-edge trading platform.......
Cryptocurrency Fintech News

Gate.io Launches Crypto Exchange GateTR In Turkey, Marks Global Expansion Milestone

Fintech News Desk
Throughout Q3 2022, Gate.io Group, the parent company of crypto exchange Gate.io, revealed its global expansion progress in several key crypto regions such as Dubai, Lithuania, and Turkey. Now, a new milestone has been achieved. Recently announced in a keynote at Istanbul Blockchain Week 2022, Gate.io and its Turkey-based counterpart Gate Turkey unveiled GateTR, a new crypto exchange tailored to serve Turkey’s growing crypto market.......
Fintech News Technology

Travelex Bank Eyes Growth With ThetaRay AI-Powered Payment Monitoring

Fintech News Desk
Travelex Bank, Brazil’s largest foreign exchange specialist, is preparing for a growth spurt across its money transfer business following the implementation of ThetaRay’s SONAR anti-money laundering (AML) SaaS solution for domestic and international transaction monitoring and real-time sanctions screening. “As a result, using ThetaRay, we can now grow our business......