Tag : anti-money laundering

FinClusive and Velo Labs Announce Partnership to Streamline Cross-Border Payments with Financial Crimes Compliance
Blockchain Digital Payments News

FinClusive and Velo Labs Announce Partnership to Streamline Cross-Border Payments with Financial Crimes Compliance

Fintech News Desk
by Fintech News Desk0
FinClusive and Velo Labs are announcing a strategic partnership to make cross-border payments faster, cheaper, and more inclusive by leveraging blockchain technology with embedded financial crimes compliance (FCC) controls. The partnership will open up new remittance corridors in 2022 by relying on the secure, compliance-embedded on- and off- ramp capabilities of FinClusive......
Cabital To Apply For Regulatory Approval Under Payment Services Act To Provide Digital Payment Token Services In Singapore
Digital Payments News

Cabital To Apply For Regulatory Approval Under Payment Services Act To Provide Digital Payment Token Services In Singapore

Fintech News Desk
by Fintech News Desk0
Cabital, a leading digital assets institution, announced that it seeks to apply for formal approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019 to provide digital payment token services as a Major Payment Institution. Securing regulatory approval under the Payment Services Act will enable Cabital......
ComplyAdvantage Partners with Elliptic for Blockchain Analysis and Transaction Monitoring
Cryptocurrency Fintech News Risk Management

ComplyAdvantage Partners with Elliptic for Blockchain Analysis and Transaction Monitoring

Fintech News Desk
by Fintech News Desk0
These Reg Tech Innovators Now Offer A Comprehensive Cryptocurrency Payments Compliance Solution Designed For Fast Growing Crypto Businesses ComplyAdvantage, a global data technology company transforming financial crime detection, and Elliptic, the global leader in cryptoasset risk management solutions, announced a new blockchain analysis and transaction monitoring tool that will help crypto......
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
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
 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
by Fintech News Desk0
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
by Fintech News Desk0
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......
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