GoTyme Bank taps Nice Actimize to fight financial crime
The bank aims to leverage Nice Actimize’s AI and analytics solutions in order to prevent financial crime and fraud.
Know Your Customer/KYC
Fairer Finance appoints Tim Hogg as director to strengthen Consumer Duty expertise
Hogg describes Consumer Duty compliance as “a comprehensive, multifaceted obligation that demands a nuanced approach”.
Lithuanian credit union group Kreda taps Amlyze for AML and compliance services
It is the fifth industry partnership for Amlyze this year and succeeds its $1 million pre-seed funding round in May.
Onfido appoints Daniel Keller as chief technology officer
Keller joins Onfido from Europe’s Visable Group, where he served as CTO for over six years.
Sibos 2023: The era of instant payments – global banks must turn to the latest technology
Innovative technologies are bringing the future of payments forward for banks.
Daily News at Sibos 2023
Download your free copy of the Daily News at Sibos publication today!
India’s Samunnati signs for Finbots.AI’s CreditX AI credit modelling solution
The deal marks another step in Finbots.AI’s push to scale across APAC.
FinTech Futures: Top five stories of the week – 15 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Bonifii’s new identity credential completes pilot with Lone Star Credit Union
The product is now expected to be offered to more credit unions and banks in the US.
Digital ID firm Signicat names Michel van den Bogaard as CFO
Based in Signicat’s Rotterdam office, van der Bogaard will lead a team of more than 35 people.
Risk management platform Certa’s twice-oversubscribed Series B raises $35m
The round was led by Fin Capital and Vertex Ventures Southeast Asia and India.
Israel’s ThetaRay secures $57m to accelerate global expansion
With the fresh investment, ThetaRay plans on expediting its international expansion “across continents”.
Demystify Podcast: How fintech is revolutionising cross-border payments with Max Faldin, Silverbird
Discover why high-value cross-border payments are such an incredible opportunity for fintech.
iBanFirst appoints former SocGen strategist Julien Molez as COO
Molez previously served as head of data and AI strategy for Société Générale from 2019 to 2023.
How the UK is making the fight against financial crime more connected than ever
The Economic Crime and Corporate Transparency Bill could revolutionise how the UK fights financial crime.
PandaDoc buys Denario for consolidated document and payment workflow offering
PandaDoc clients can now “manage, collect and report on invoices alongside their contracts, all in one location”.
Heather Gantt-Evans joins Marqeta as chief information security officer
US Army Reserves veteran Gantt-Evans will lead the firm’s global corporate and product security strategies.
Video: What’s the next big thing in fintech?
We ask three experts what they think could be the next big thing that will completely transform the industry.
FinTech Founders Video: Anandhi Dhukaram, Esdha
Dr Anandhi Vivek Dhukaram PhD drops the advice she would give herself if she could go back to when she founded Esdha.
FullCircl reinforces compliance suite with W2 Global Data Solutions acquisition
Under the terms of the deal, W2 will now trade as ‘W2 by FullCircl’.
Innovation at the intersection of money, AI, identity and blockchain
AI is proving to be an existential threat to identity. So how is the world responding?
FCA asks UK banks to hand over data on bank account closures
The UK’s largest banks and building societies have until 25 August to supply the information.
FCA warns consumers against loan fee fraudsters amid rising summer borrowing
The average loss to loan fee fraud in the UK is £260.
TransferGo hit with €310,000 fine from Bank of Lithuania for AML failings
UAB TransferGo Lithuania has already submitted a plan to the central bank to remedy the deficiencies.
US insurtech start-up Lula raises $35.5m Series B funding
The insurtech previously raised $18 million in its Series A funding round of July 2021.
Credit card fintech Petal secures $200m debt facility from Victory Park Capital
In addition, the company has also raised $20 million in new equity financing from its existing investors.
European Commission brings in Moody’s Analytics to help fight fraud
Moody’s Analytics’ Orbis database is set to strengthen the European Commission’s anti-fraud efforts.
Automotive lending platform GoFi taps Provenir for credit risk decisioning
The Texas-headquartered company has implemented Provenir’s Data and Decisioning Platform.
Cambodia’s Wing Bank selects Ipification for mobile ID verification solution
The bank’s CEO says the new tech will “streamline the authentication process for Wing Bank app users”.
The FCA’s Consumer Duty clamps down on unfair savings rates
The regulator’s 14-point plan seeks fairer interest rates on UK savings accounts.
Principles, practices and persistence: the Consumer Duty deadline arrives
The regulation is set to completely transform the relationship between financial services firms and consumers.
NatWest chief exec Alison Rose steps down with immediate effect
The group’s board of directors says Rose has “agreed by mutual consent to step down”.
Banco Santander, BBVA and CaixaBank team up to tackle fraud with FrauDfense
FrauDfense is a new company set up to enable the exchange of information between the three banks.
Amazon set to roll out palm payment processing across all US Whole Foods stores
The Amazon One technology allows users to complete transactions using just their hand.
Deutsche Bank fined $186m by US Federal Reserve
The Fed says it found that Deutsche Bank made “insufficient remedial progress” in fixing its AML controls.
Spend management platform EnKash launches Olympus solution for businesses
The solution targets MMEs that lack experience and accessibility of financial and non-financial products.
Banking Tech Awards USA 2023 winner: Fincom – 90% cost reduction in AML sanctions screening
Fincom’s AML Sanctions Screening solution won the AML & Compliance Tech of the Future at the awards.
UK fintech Suits Me looks to revive face-to-face banking with new digital service
The service’s arrival is a response to the failings of chatbots.
Checkout.com launches AI-led ID verification solution
The company claims its new solution can identify “nearly every citizen in the world”.
Romania’s BRD extends digital banking partnership with Backbase
Backbase will enhance BRD’s digital banking services and customer experience.
