Emirates NBD partners Silent Eight to bolster compliance operations
The banking group says the partnership will enhance its compliance efficiency.
Cybersecurity
ICYMI fintech funding round-up: Kafene, General Index, Mesh and Netcetera
A handy round-up of the recent funding endeavours of fintech companies across the globe.
German AML regtech Hawk AI names Michael Shearer as new chief solution officer
Shearer previously served as group head of compliance product management at HSBC.
2023 Mobile Banking Heists Report
29 malware families targeting 1,800 mobile banking apps – an essential read for those at the forefront of combating threats on the mobile platform.
JP Morgan and Viva Wallet reportedly collide over board appointments
JP Morgan acquired a 48.5% stake in Viva Wallet in December 2022 for $800 million.
Guide: Security best practices for PostgreSQL
In the financial industry, customer trust is everything. Don’t let your database be your brand’s weak point!
Reserve Bank of India outlines plans for new fintech repository and cloud facility for FS firms
The new measures also address “moral hazard issues” in lending and boost certain transaction limits.
Marsden Building Society taps Jade ThirdEye for AML tech
The firm will deploy Jade ThirdEye’s Transaction Monitoring and Customer Screening solution.
Canapi Ventures reveals new $750m fund to support US fintech entrepreneurs
The VC firm says the latest fund takes its total assets under management to over $1.4 billion.
Video: Inscribe at Money20/20 USA 2023 – Enabling instant trust for financial services
At Money20/20 USA 2023, we caught up with Ronan Burke, co-founder and CEO of Inscribe.
State of play: GenAI in financial services
Generative AI is currently in the ‘experimental phase’ in the financial services industry.
FinTech Futures: Top five stories of the week – 24 November 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FCA places embattled Metro Bank on financial crime watchlist as rescue deal continues
Its position on the watchlist was revealed last week via the release of a 217-page dossier outlining a rescue deal for the bank.
Saudi Awwal Bank taps Mastercard to fight financial crime with AI
The bank is adopting Mastercard’s transaction risk management technology to tackle payment fraud.
Video: Atomic at Money20/20 USA 2023 – Powering financial connectivity
Atomic’s Andrea Martone discusses how the firm is helping businesses align with the CFPB’s vision for open banking.
Video: Socure at Money20/20 USA 2023 – Fighting first-party fraud
We chat with Socure’s Johnny Ayers about the launch of the company’s Sigma Identity Fraud solution.
Improving safety in AI
Having regulators test AI before release will ensure a much better understanding of its capabilities.
Two weeks until FinTech Futures’ AI Insights networking morning
Join our exclusive panel discussion and networking event, AI Insights, 22 November.
Video: Mastercard at Money20/20 USA 2023 – Fintech partnerships and sustainable growth models
We chat with Mastercard’s Tim Montgomery and Hania Faridi about the company’s approach to fintech partnerships.
Video: SAS at Money20/20 USA 2023 – The growth of generative AI in financial services
We chat with Diana Rothfuss of SAS and Theodora Lau about the applications of generative AI in finance.
Video: Ecommpay at Open Banking Expo 2023 – The unstoppable rise of open banking
We chat with Ecommpay’s Olga Karablina about the state of play of open banking adoption worldwide.
Banking Technology Magazine November 2023 issue out now
Cover story: PHOENIX RISING – How to breathe new life into digital transformation.
UK Finance calls on government to form new quantum computing taskforce
The taskforce would seek to explore the “multibillion-pound opportunities” of a quantum-enabled economy.
Early Warning’s digital wallet offering Paze readies for launch as the US’ biggest banks look to fend off Big Tech
Paze MD James Anderson chats with FinTech Futures about the fintech’s upcoming product launch.
JP Morgan Payments taps Trulioo for personal and business ID verification
JP Morgan Payments will leverage Trulioo’s person match and identity document verification services.
Al Rayan Bank goes live with Confirmation of Payee solution from obconnect
The PRA directed the bank last year to instate a CoP system by 31 October 2023.
US Federal Reserve Board slaps $14.5m fine on Metropolitan Commercial Bank
The Board alleges that the bank violated customer identification rules.
JP Morgan and Mastercard’s new Pay-by-Bank solution goes live in the US
Verizon has revealed it will pilot the solution with its US customers “in the coming months”.
How the UK’s FCA is set to scrutinise banks’ treatment of PEPs with new review
Dr Henry Balani of Encompass Corporation discusses the impact of the review on the UK banking system.
ID verification specialist Prove Identity bags $40m to fuel global expansion
The company currently counts more than 1,000 businesses as clients, including nine of the top ten banks in the USA.
Video: ComplyAdvantage at Sibos 2023 – Financial crime risk management
We chat with Andrew Davies of ComplyAdvantage about what’s shaping the financial crime landscape in banking.
India’s IDBI Bank names Nehal Shah as new deputy chief technology officer
Shah will be responsible for the bank’s IT security and digital channels across various functions.
Video: DTCC at Sibos 2023 – Cybersecurity and the evolving threat landscape
We speak with Jason Harrell of DTCC about the emerging cyber threats financial institutions should be prepared for.
Paytech Medius taps acquired Expensya talent for two new senior appointments
Medius announced its acquisition of the expense management software company Expensya back in June.
PSP NomadRem taps regtech iDenfy for ID verification and AML screening
The payment service provider is to deploy the regtech’s solutions to enhance its customer onboarding processes.
American Express to pilot biometrics for online transactions
The biometrics have been developed by the FIDO Alliance and the World Wide Web Consortium.
Visa taps US security operations provider Expel for MDR capabilities
Expel’s managed detection and response (MDR) solution claims to reduce alert-to-response times “to minutes”.
Lloyds Bank taps digital identity firm Yoti for “reusable” digital identity app
The launch comes seven months after Lloyds Banking Group made a £10 million investment in Yoti.
GenAI: friend or foe in fraud risk management?
While tech advancements are made with the best intentions to improve our lives, criminals can also use it to their own benefit.
FinTech Futures: Top five stories of the week – 29 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
