How is AI transforming financial institutions?
Artificial intelligence is set to become central to the fabric of institutions.
Know Your Customer/KYC
PwC acquires FSCom’s regtech solution
Consultancy firm now owns KYC-Pro.
Live chat in banking: recording conversations for compliance
Live chat offers a flexible, transparent and secure tool for recording customer conversations.
India’s fintech firms fight against Aadhaar restrictions
They want access to the biometric database to verify customers.
Gemalto and R3 launch blockchain-based digital ID platform
One identity in all online sites.
Top fintech stories this week – 14 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Onfido helps customer onboarding for paytech Volopa
Will use Onfido’s machine learning-based tech for its multi-currency prepaid card business.
Wells Fargo wholesale banking unit probed for fraud
US Justice Department checking out bank employees and management pressure.
IdentityMind unveils regtech webstore
Will let companies integrate compliance and regulatory technologies into their solutions.
EasyMoney hooks up with HooYu for identity verification
Since the integration of P2P lending, EasyMoney needs to up its KYC and AML game.
IdentityMind helps ZED Network with KYC compliance
Payments platform will deploy newly-released version 2.0.
CLS and IBM furnish fintech with hosted blockchain service
Duo unveils services hosted on DLT platform LedgerConnect.
Welsh KYC firm W2 Global Data raises £1.25m funding
Company also provides AML and fraud prevention solutions.
Socure unveils digital identity bot Aida
Named after the world’s first computer scientist, Ada Lovelace.
Flinks finds a fintech friend in ASAPP Online Solutions
Canadian start-ups team up for account and lending origination.
Accuity safely acquires Safe Banking Systems
With SBS it gets KYC and AML solutions.
Three ways health insurers can win over millennial small business owners
Sally Poblete, CEO of Wellthie, explores three key strategies.
PaySend adds KYC and risk management tech from 4Stop
Moving money with international money transfer platform PaySend just got a lot more secure.
Convergence of RPA and AI: the changing landscape in banking compliance
Robotic process automation and artificial intelligence are transforming the regulatory compliance landscape in banks.
US sanctions impact on Hong Kong fintech
The stakes could not be higher.
HooYu brings KYC tech to gold-as-currency enabler Glint
The appeal of gold as an investment remains strong.
Bank of Ceylon combats financial crime with CustomerXPs’ tech
Sri Lankan bank has signed for Clari5 real-time AML solution.
NICE Actimize brings AI tech to financial crime investigation
NICE Actimize has launched an artificial intelligence (AI) enabled investigation management system.
Isabel Group and norbloc to pilot blockchain KYC project
Working together with Belfius, BNP Paribas Fortis, ING and KBC.
FATF inspects UK’s defences against terrorist financing and money laundering
The Financial Action Task Force (FATF) is on the UK soil putting the country through its paces.
Eastern Caribbean Central Bank to pilot blockchain tech with Bitt
A fintech pilot using blockchain tech to be carried out in the ECCB eight member countries.
Lemon Way selects Accuity for financial crime compliance
Decision follows a period of growth for Lemon Way.
Onfido to provide digital ID verification tech to Bitstamp
Onfido has been selected by Bitcoin exchange Bitstamp to provide its ID verification during onboarding.
Fenergo and Arachnys forge strategic partnership
Client lifecycle management tech specialist Fenergo has formed a strategic partnership with regtech provider Arachnys.
White paper: The bank executive’s guide to building a better business customer onboarding experience
Understand how to build an optimized online business customer onboarding experience and get it to market fast.
Meed leverages ID verification tech from Jumio to serve the underbanked
Identity verification tech provider Jumio has teamed up with California-based fintech Meed.
Online security and user experience: finding the balance
Recent hacks and data breaches have shown that cybercriminals are tenacious, smart and well resourced.
Al Salam Bank Seychelles selects iFinancial’s AMLtrac solution
Al Salam Bank Seychelles (ASBS) has chosen International Financial Systems’ (iFinancial) anti-money laundering (AML) solution, AMLtrac, as it plans to introduce domestic banking services for local and regional SMEs and corporates. As part of that planned expansion, ASBS, an offshore financial institution, has selected the know your customer (KYC) and document management, account monitoring, transaction […]
Blockchain and Bitcoin round-up: 21 November 2017
From major crimes to KYC times. Our latest blockchain and Bitcoin round-up features Tether, Metal, Deutsche Bank and IBM. Digital currency firm Tether is feeling under the weather as it has reported that “funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker”. The amount is a rather large […]
Gibraltar Savings Bank goes live with iFinancial BankWare core system
Gibraltar Savings Bank has gone live on International Financial Systems’ (iFinancial) Bankware core system – the first phase of a three-phase implementation plan to replace its in-house legacy system.
The changing face of financial crime compliance
Paul Taylor of Swift’s Financial Crime Compliance Services Division discusses the evolving compliance landscape and the critical role of technology in helping the industry come together as a whole to combat financial crime.
Correspondent banking: it takes two to tango
The global correspondent banking network is under pressure in several countries as some financial institutions close relationships. While financial inclusion continues to climb the agenda of regulatory authorities and financial institutions pledge their support, the de-risking taking place in correspondent banking threatens to scupper inclusion.
Sibos 2017: treasurers look to tech to untangle knots
Untangling the “knots” at global treasuries, especially with regard to bank maintenance issues around know your customer (KYC) and other compliance activities, was the theme of a corporate treasury session yesterday (18 October) at Sibos.
De-risking in trade finance: time to act
As financial authorities express concern about de-risking in correspondent banking, a similar phenomenon is emerging in trade finance, driven by the high costs of KYC compliance.
KYC Registry aligns with Wolfsberg DDQ
Swift is aligning its KYC Registry with the new Wolfsberg Due Diligence Questionnaire (DDQ) for correspondent banks. First issued in 2004, the DDQ was updated in response to regulatory pressure.
