Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Compliance
Nasdaq uses AI to root out stock-market abuse
It detects irregular trading patterns and alerts officials according to machine-learning.
The importance of specialised standard software for MAD/MAR compliance
Experience and insights from three years of practical use.
Barclays, RBS and other banks face £1bn forex rigging lawsuit
JP Morgan, Citigroup and UBS also named in US-style class action.
FIs choose Cloudera for digital transformation
Cloudera enables digital transformation for global financial services institutions.
AcadiaSoft announces technology partnership with CloudMargin
The firms collaborate to provide an industry solution for uncleared margin rules.
A banker goes a-banking, volume 4: GDPR for the masses
It is time we gave some respect back to the drops that make the ocean.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Equifax to pay up to $700m to settle data breach
The records of at least 147 million people were exposed in the incident.
The Win 10 Rush: How financial institutions can beat the clock to upgrade their PCs
Kevin Flaherty, CEO at BLM Tech reveals the key to carrying off large-scale IT projects.
Separating the wheat from the chaff
Discover the ways to tackle complex data estates with Adlib Software.
Pan-American Life Insurance seeks AML with Fiserv tech
Complying with regulation across each geography.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Metro Bank selects Artesian’s KYC solution
Data-driven automation of KYC and risk, aims to improve onboarding processes.
FFIEC – has compliance caught up to security?
Examining the Federal Financial Institutions Examination Council (FFIEC) compliance controls.
Desjardins announces internal security breach
The personal information of 2.9 million members was disclosed.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
SecurityScorecard continues growth with $50m funding
The company has raised a total of $110 million to date.
JP Morgan extends partnership with AccessFintech
This is the first custodian to collaborate with them on real-time transparency.
World Bank picks Murex for treasury
It is understood to be replacing Finastra’s treasury system.
HSBC seeks AI prowess with Element AI partnership
The bank is also looking out for more partnerships to push AI capabilities.
Fintechs: partnerships don’t mean you can be passive when it comes to compliance
Protecting the fintechs’ own well-being as well as that of their customers.
Iccrea chooses Appian platform to serve 4.2m Italian customers
Appian will automate key processes for the 142-strong banking group.
FCA introduces new rules for P2P platforms
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
Starling partners with paytechs Tribe and PelicanPay
Tribe launched at Money 20/20 Europe with UnionPay International deal.
Deutsche Bank’s suspicious transaction reporting hit by software glitch
The problem has prevented flagging for almost a decade.
Five banks fined €1bn for rigging foreign exchange market
UBS escaped a European Commission penalty after exposing the cartels.
White paper: Shapeshifting – a look at the evolving landscape of cross-border payments
Discussing consumerism, PSD2, managing risk and the power of digital ecosystem.
The IM regime and the false economy trap
Sophisticated technology offers a more cost-effective answer in the long-term.
Will KYT drive technology innovation in banking compliance?
The journey towards “know your transaction” has just begun, and the road ahead looks promising.
Webinar: Customer consent in an open banking world
Learn how educate and empower your customers and gain their informed consent.
Webinar: Collaboration is key to digital banking
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A banker goes a-banking, volume 2: paper for the stone ages
So I had to go to the bank today. And the day’s surprises began.
White paper: FICO for fintech – Fraud and Compliance
Improve CX by building an agile defence ecosystem against financial crime.
Goldman Sachs fined £34.3m for misreporting transactions
FCA found the firm made 220.2m errors.
Wiring financial organisations for regulatory success
Firms need to be much bolder in their use of technology; clinging to old methods will only make things worse.
IBM debuts blockchain network for cross-border payments
Blockchain World Wire can transfer funds in 47 currencies to locations in 72 countries.
Sweden’s SEB chooses DTCC’s Global Trade Depository to meet SFTR obligations
DTCC has added data transformation services to its SFTR offering.
CC&L chooses SimCorp to deliver integrated client communications
One of Canada’s largest firms in the sector, Connor, Clark and Lunn Financial Group manages over $55 billion in assets.
Investors Bank addresses reporting with Wolters Kluwer
The US bank will receive OneSumX for Regulatory Reporting.
