Tag : anti-money laundering

Demystifying AI for AML: European Banking Federation and SAS Help Banks Worldwide Fight Financial Crime
Banking Fintech News

Demystifying AI for AML: European Banking Federation and SAS Help Banks Worldwide Fight Financial Crime

Fintech News Desk
Pre-registration for the knowledge partners’ AML Masterclass series exploring advanced analytics for AML compliance is open now The United Nations Office on Drugs and Crime estimates that US$800 billion to $2 trillion is laundered through worldwide financial systems each year. That’s an astonishing 2-5% of global GDP. The European Banking Federation (EBF) – uniting......
Singapore-based POS Startup Turns to Napier for AML Controls
Digital Payments Fintech News

Singapore-based POS Startup Turns to Napier for AML Controls

Fintech News Desk
RegTech company, Napier, provider of advanced anti-financial crime compliance solutions, has announced that integrated point-of-sale (POS) and payment solutions startup, Qashier, is the latest to adopt its anti-money laundering (AML) technology. Having recently applied for the Major Payment Institution license under the Singapore Payment Services Act (PSA), Qashier will use Napier’s Transaction......
Bates Group Acquires CorCom LLC
Banking Cryptocurrency Fintech News

Bates Group Acquires CorCom LLC

Fintech News Desk
Integration Expands BSA/AML/OFAC Compliance Services for Fintech, Cryptocurrency, MSBs, Banking Firms Bates Group, a leading financial services consulting firm, is excited to announce the acquisition of CorCom, a top AML compliance (anti-money laundering) consulting firm based in Spartanburg, SC. “CorCom is well established in the money services industry. This acquisition......
Duality Technologies Raises $30M Led by LG Technology Ventures to Accelerate Market Adoption of Privacy-Enhanced Data Collaboration
Fintech News

Duality Technologies Raises $30M Led by LG Technology Ventures to Accelerate Market Adoption of Privacy-Enhanced Data Collaboration

Fintech News Desk
Duality’s cutting-edge solutions for privacy protection enable organizations to collaborate securely on sensitive data to drive innovation and revenue, while complying with growing data privacy regulations Duality Technologies, a leading provider of privacy-enhanced data collaboration solutions, announced that it has raised a $30M Series B funding round, bringing its total funding......
Blockchain Algorithms Submit Paperwork for Financial Conduct Authority (FCA) Trading Licence
Fintech Investment Services News

Blockchain Algorithms Submit Paperwork for Financial Conduct Authority (FCA) Trading Licence

Fintech News Desk
 Blockchain Algorithms have applied for a Financial Conduct Authority (FCA) UK trading licence, enabling the firm to offer FSCS-protected deposits and investment services for customers. British-based digital sports trading app Blockchain Algorithms are seeking an FCA licence in United Kingdom & Australia and are engaged in talks with the country’s regulators to be allowed to......
Oracle Promotes Responsible Use of AI in Financial Institutions
Fintech News

Oracle Promotes Responsible Use of AI in Financial Institutions

Fintech News Desk
New governance capabilities for financial crime and compliance management help banks boost the transparency and fairness of AI models to help address regulatory obligations A recent World Economic Forum survey found that 85% of financial institutions have implemented AI, but some still have concerns about its use. To help financial institutions......
Human Trafficking a Serious Money Laundering Concern for Financial Institutions
Fintech News

Human Trafficking a Serious Money Laundering Concern for Financial Institutions

Fintech News Desk
BAE Systems data reveals human trafficking is one of the top 5 biggest financial concerns for banks and insurers Money laundering techniques are now harder to spot and stop Financial compliance professionals blame ‘stagnant’ rules and regulations for hindering efforts to tackle money laundering Human trafficking is now one of......
HashCash Provides Asset Management Technology to Hong Kong-based Investment Firm
Blockchain Fintech Investments News

HashCash Provides Asset Management Technology to Hong Kong-based Investment Firm

Fintech News Desk
HashCash Consultants builds blockchain-powered Asset Management solutions for a Hong Kong-based investment company US-based blockchain consultant company HashCash Consultants announces a partnership venture with a Hong Kong-based brokerage firm. HashCash pronounces, blockchain implementation in a number of pragmatic ways within the wealth and asset management bracket. The highly flexible blockchain technology enables the client......
Entersekt Adds BankID to Its Secure Platform to Support Digital Identity Priorities
Banking News

Entersekt Adds BankID to Its Secure Platform to Support Digital Identity Priorities

Fintech News Desk
Entersekt has partnered with BankID to provide Norwegian banks with secure in-app and browser authentication, supporting requirements for digital identity, e-signatures and strong customer authentication on a single platform. “We are delighted to be working with our new BankID partner Entersekt” “Including the Norwegian e-ID on our security and authentication......
Binance Expands Global KYC Requirements to Further User Protection
Blockchain Cryptocurrency News Risk Management

Binance Expands Global KYC Requirements to Further User Protection

Fintech News Desk
 Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced the global rollout of its Intermediate Verification requirement for all users. Intermediate Verification supports Binance’s Know Your Customer (KYC) and Anti-Money Laundering (AML) efforts as part of the organization’s redoubling of efforts to further enhance user protection and......