Signing up to the future
A legal evangelist explains why she expects the future of contracts to be autonomous.
Anti-Money Laundering/AML
How the Grinch stole my identity: Three tips for fraud prevention this Christmas
As many as 8% of US consumers are affected by identity fraud at Christmas time.
Supplement: the 2019 fintech review
Ruby Hinchliffe dissects her top five 2019 fintech trends from this year’s top stories!
Russian AML agency claims $14bn in prevented transactions
Rosfinmonitoring chief talks up Russia’s clampdown on criminals.
Banking Technology December 2019 / January 2020 issue out now
A year in review.
Trulioo opens GlobalGateway to Nigeria and Ghana
Nigeria & Ghana have taken significant steps toward increasing access to digitisation.
US DOJ digs deeper into Deutsche role in Danske money laundering scandal
Deutsche officials were made aware that the scope of the DoJ probe had broadened.
CMFG Ventures hands BankBI Series A investment to tap US market
BankBi will use CMFG Ventures’ US credit union connections.
Westpac hires familiar tech partner IBM to probe its AML bust up
Westpac has been using IBM’s infrastructure since the 1990s.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
IMF to put Nordic banks’ AML controls under microscope
International regulator investigates banks’ alleged failings.
Customer involvement in fraud mitigation
Pressure for speed has impacted the time available to ensure accuracy.
Spanish cybersecurity start-up Buguroo raises $11m
The start-up builds unique “cyber profiles” for each finserv customer.
MLRO’s in the regulatory “cross-hairs”
The role of AML compliance officer/MLRO has never been more challenging.
MoneyLive 2019: Neobanks “regularly” share tips on financial crime, says exec at Natwest’s Bó Bank
Collaboration between new banks is “pretty impressive”.
Westpac AML failure allowed 23m illegal transactions, say regulators
The bank failed to stop 23m potentially illegal transactions
How blockchain transforms banking and financial services
Who’s adopting this tech and what’s in store for it down the line?
Crypto compliance start-up TRM Labs raises $4.2m with help of PayPal
Backers include Reddit’s founder and PayPal Ventures.
US government plans strict enforcement of AML ‘travel rule’ for crypto firms
The rule requires crypto firms to share information about their customers.
Why has Lithuania become a key destination for licensing in Europe?
As part of its newly devised strategy, Lithuania put several tools in place.
Regional KYC utilities: Genesis of global collaboration on shared compliance platforms
Several countries are now adopting this model of a unified platform.
How is AI augmenting compliance practices?
SAS are seeing early AI entries in the Regtech space.
AML start-up Silent Eight raises $6.2m in Series A funding
The round included Standard Chartered’s SC Ventures.
FCA exposed for ‘shameful’ behaviour at its London HQ
Behaviors include defecating on the toilet floors and verbally abusing outsourced staff.
German bank association fires shots at Libra, calls on politicians and central banks for digital euro
The association wants a crypto led by European commercial banks and politicians.
Banking Technology November 2019 issue out now
The identity challenge.
Can compliance directors successfully reposition themselves as business leaders?
The role of banking compliance is in mid-evolution.
PayExpo 2019: We will be taking action, says FCA on insufficient safeguarding
The regulators found banks are delaying safeguarding precautions.
ESAs identify weaknesses leaving high-volume transaction firms open to money laundering risks
The three European Supervisory Authorities (ESAs) publish their second joint opinion.
LendIt Fintech Europe 2019: digital identity – a nut that remains to be cracked
Over time, like the isolated email systems before them, digital identity solutions will become interoperable.
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
ABN Amro under investigation for anti-money laundering failures
European crackdown on money laundering continues.
UK banks halt £820m of fraud in the first half of 2019
Figure means an increase of 14% in blocked criminal transactions.
HSBC deploys industry first automated AML system
New software developed by AI firm Quantexa.
Australia orders audit of PayPal’s reporting compliance
The company reported itself following an internal review.
Sibos 2019: Banks must improve data handling to root out financial crime
Applying AI needs to be done when data is set right, says panel
FICO fights financial crime with Falcon X
A unified environment for the detection and investigation of both fraud and financial crimes.
API for identity and compliance: an acronym financial services actually love
Failure to accurately verify customer and business identities online has been a sharp thorn.
Behind the music: Tuning the noisiness of your KYC
Scanovate’s KYC Orchestra has been doing full tours in the EU, Latin America, Israel and the US.
LexisNexis Risk Solutions says companies will struggle with upcoming 5MLD
The regulation follows from the Panama Papers leaks and crypto.
