Onfido to provide digital ID verification tech to Bitstamp
Onfido has been selected by Bitcoin exchange Bitstamp to provide its ID verification during onboarding.
Compliance
US Bancorp hit with $613m fine for AML fails
Anti-money laundering activities not noticed due to a lack of staff and resources.
AnaCredit – turning compliance into opportunity
An opportunity to improve ROI on existing infrastructure and use data for strategic decision-making.
UK regulator plots global fintech sandbox
Financial Conduct Authority looking for views on the merits of a mega-model.
Mashreq Bank harnesses Blue Prism digital workforce
Blue Prism integrates AI and automates dozens of processes across various business functions.
Wizards of Oz pull back curtain on open banking
Australian open banking review published – but still seeks feedback.
UK regulator pushing hard on GDPR compliance
Financial Conduct Authority looking to get firms ready for the EU General Data Protection Regulation.
Singapore regulator gives customer onboarding guidance
New guidance on the use of tech solutions for non-face-to-face customer onboarding.
IdentityMind Global launches anti-fraud solution for ICOs
Trusted digital identities firm has unveiled its KYC Plug-in for ICOs.
Seven US states standardise fintech payments
Say hello to Georgia, Illinois, Kansas, Massachusetts, Tennessee, Texas and Washington.
Fintech funding round-up: 7 February 2018
Welcome to another wave of wondrous wealth. Features Autobooks, Finomial and Rebuildingsociety.
Veridium to power biometrics for Nordea
Bank will use VeridiumID to replace tokens with biometric authentication for access to data.
Trunomi closes $3.5m round from CloudScale Capital
Consumer consent and data rights company collects some cash.
Blockchain and Bitcoin round-up: 5 February 2018
Includes Lloyds, Bank of America, JP Morgan, Facebook and DeVere Group.
Blackstone buys Thomson Reuters’ financial business for $17bn
Gets data business, risk and compliance solutions and wealth management software.
SEC stops alleged AriseBank ICO scam
To prevent investors being “victimised by what we allege to be an outright scam”.
ANZ CEO seeks better banking PDQ
Sends lengthy letter to staff urging restoration of customers’ trust in wake of commission on banking misconduct.
UK’s new watchdog shows AML instinct
Office for Professional Body AML Supervision is unleashed.
Drowning in regulation
With more and more regulations being added and enforced, how can companies keep up?
First Data to open new fintech centre in Ireland
US payments firm also aims to hire 150 staff from around the world.
Trulioo launches KYC tool to connect MNOs
Will work with 24 MNOs from the US, Canada, the UK, China, India, Spain, France, and Switzerland.
Open banking: what you need to know
The landscape for financial services is changing, and the jury is still out on how the endgame is going to play out.
HSBC can’t dodge DoJ’s $63m fine for major FX up
Part of a three-year deferred prosecution agreement with the US Department of Justice.
Al Hilal Bank selects SunTec to sidestep VAT law splat
Will use Xelerate solution for the management of the newly introduced Value Added Tax (VAT) regime.
Envestnet | Yodlee unveils API solution for PSD2 compliance
To comply with the UK’s PSD2 and open banking API specifications for account information services.
Four regtech trends of 2017
Cast your mind back to 2017. Did the trends predicted shake the industry as much as we thought?
Danske Bank UK picks Datactics data quality software
Used for single customer view processes in Northern Ireland.
Wedbush Futures opts for FIS Derivatives Utility
US-based capitalised non-bank futures commission merchant makes its choice.
Commerzbank to implement Ideagen’s audit tech
Ideagen’s Pentana Audit will be used for Commerzbank’s internal audit operations.
Magazine: RiskMinds International 2017
Welcome to the first RiskMinds International magazine!
Meed leverages ID verification tech from Jumio to serve the underbanked
Identity verification tech provider Jumio has teamed up with California-based fintech Meed.
Top fintech stories this week – 22 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
ForgeRock to provide reference bank application to Open Banking
ForgeRock says it “becomes a key enabler in making open banking a reality”.
Bahrain Middle East Bank chooses Wolters Kluwer’s OneSumX for Finance
Will provide the basis for its core banking and reporting system.
UBS seeks global finance and risk tech CTO
UBS is looking for a chief technology officer (CTO) for finance and risk technology.
China Merchants Bank opts for OneSumX regtech solution
China Merchants Bank chose Wolters Kluwer’s OneSumX for its regulatory reporting activity in Luxembourg.
Regulatory reporting automation: mid-size banks face increased regulatory scrutiny
As regulations evolve globally, data has become both an essential currency and a pain point for financial institutions.
Banking Technology December 2017/January 2018 issue out now
In the eye of the storm we provide clarity.
Unibank becomes Armenia’s first bank to comply with Swift security standards
Unibank is now fully compliant with the required standards of security for the Swift payment infrastructure.
PSD2: regulation as a catalyst for innovation
PSD2 comes into force on 13 January 2018. It aims to open up the European payments market to greater competition and transparency, but its effect will be more far-reaching, acting as a catalyst for innovation not just in payments, but in the wider financial services market.
