Research reveals Belgium issued 95% of AML fines in last four months
Authorities handed down three AML-related fines May, totaling to $336.7 million.
Cybersecurity
We don’t forgive easily
If we feel betrayed, we rarely go back or give you a second chance.
Confirmations bring peace of mind to cross-border payments
Swift is working on a new universal confirmations initiative.
Tel-Aviv based Kovrr raises $5.5m
The new funding will accelerate the company’s global expansion plans.
Nationwide partners up with Qlik
The primary goal is to make all employees across the organisation ‘data enabled’.
NAB launches cybersecurity alliance in Victorian parliament
The bank has partnered with La Trobe University to provide cybersecurity workforce development.
Live webinar: Why operational excellence in payments is critical to your future success
Register to the Red Hat fireside chat live from Sibos!
AI: The missing piece for Cobol modernisation in finance
Modernisation for mission-critical software is in sight for the first time.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
A launchpad platform for savings providers
Savings providers can improve productivity, efficiency and accuracy.
The secret behind Northern Ireland’s fintech success
Northern Ireland is carving its own unique niche in the digital world.
Cyber landscape, threats and trends in financial services
Investment in emerging technologies is likely to be a key theme next year.
Merck Sharp & Dohme FCU adopts Fiserv’s biometric authentication
The system uses palm readers to verify both members and employees.
eBook: How to detect the 7 types of document and identity fraud
Master the art of fraud detection with this free eBook from Onfido.
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
DSK Bank fined for data breach affecting over 33,000 clients
The breach exposed full names, addresses, copies of ID cards, bank account numbers and property deed data.
PPI-type scandals could return warns banking regulator
“When things get desperate, banks tend to take more risk.”
Big gains in the cloud, especially for small banks
But will putting our data in the cloud put our data at risk?
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
RBS and NatWest websites’ problems fixed – for now
Both sites have been showing a 502 Bad Gateway error.
Cybersecurity start-up Axonius closes $20m Series B
This was the firm’s second fundraise of the year.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
The cloud journey for market infrastructures
Some steps to ensure cloud-based is successful and meets the approval of regulators.
SpotQA launches new product and secures $3.25m funding
The new product tests web and mobile web apps to identify bugs.
DSB reveals “significant appetite” for data quality and cybersecurity analysis
The DSB will create the new part-time role of Chief Information Security Officer.
Credit Karma accused of “roulette” security breach on Reddit
Every time customers refreshed they saw someone else’s data.
ECB discovers data breach in bank newsletter
It is the second time in five years.
Desjardins spends CAD 70m related to data breach
It’s offered the affected accounts a credit monitoring plan and identity theft insurance.
Monarch creates first recurring crypto payments system
The solution will enable the likes of Netflix and Hulu to accept crypto.
FinApps slaps $100m lawsuit on Envestnet Yodlee
It claims that the platform ripped off its code to release their own product.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Daily News at Sibos: be at the heart of the biggest fintech event of the year
London calling: explore opportunities with Daily News at Sibos 2019.
Fraud fighting platform secures additional $2.5m funding
Eftsure will be expanding the product suite to cover international payment verification.
IIG Bank Malta live with Temenos T24 core and digital platform
It also took Temenos’ financial crime mitigation module.
Libra cryptocurrency users face taxing problem
It is not clear how Facebook intend to solve this problem.
Almost half a million Monzo customers affected by data breach
The data leak allowed staff engineers access to PINs stored in encrypted log files.
Ipagoo enters administration
This was to protect the interests of Ipagoo’s customers.
Indonesia shuts down 826 illegal fintechs in 2019
The regulator began a crackdown last year.
FCA provides clarity on current crypto-assets regulation
To ensure firms know if they are authorised and compliant.
