Managers of Wealth Fintech

Dutch regtech Fourthline raises €50mn to simplify compliance

In order to hold back the tide of financial crime, a raft of KYC, AML and anti-fraud technologies have been developed.

EY hit with German audit ban over Wirecard work

Wirecard was a rising blue chip star before its collapse in 2020 following the discovery of a gaping €1.9 billion hole in its balance sheet.

SEC charges founder of financial aid startup Frank with defrauding JPMorgan

For its part, JPMorgan claims that it found out about the alleged fraud when it sent out marketing test emails to a list of Frank’s customers provided by the company and more than 70% of them bounced back.

Cross-Border QR Code Payments Connectivity Launched Between Singapore and Malaysia

With pre-pandemic annual traffic between the two countries averaging 12 million visitors, the payment linkage is intended to provide merchants and consumers with a practical means to make and receive payments.

PRA censures Wyelands Bank for breaching large exposure limits

In March 2021, the PRA required Wyelands to repay its depositors, which has been successfully completed.

JPMorgan Chase paper investigates quantum deep hedging

The researchers first examined whether existing classical deep hedging frameworks could be improved using quantum deep learning.

CBUAE to Issue Central Bank Digital Currency Through FIT Programme

In its support of the financial services sector, the programme aims to promote digital transactions, innovation, collaboration and market competition.

MAS: DBS’ Service Disruption ‘Unacceptable’, Bank Fell Short of Expectations

DBS had notified MAS yesterday morning that its customers were experiencing difficulties logging in to its digital banking services.

New FDA electronic records guidance prioritizes Digital Health Technology oversight

Earlier this month, FDA issued a revised version of the draft guidance, “Electronic Systems, Electronic Records, and Electronic Signatures in Clinical Investigations:

Equals Group expands into Europe through Oonex acquisition

Equals will acquire the entire issued share capital Oonex for a total of up to £4.1 million

Encompass named founding member of Data and Technology for Compliance Alliance

Dr Balani is a veteran of the technology industry, with 30 years of experience in the sector.

The importance of AI and Biometrics in regulatory compliance in finance

The biggest challenge for fintechs in compliance is the cost of implementing Know Your Customer (KYC)

SEI Extends Relationship with Evelyn Partners

Five-Year Extension Reflects Strength and Longevity of Strategic Partnership

Pidgin boost fraud detection with Effectiv tie-up

Effectiv complements Pidgin’s faster payment platform to help financial institutions of all sizes detect and flag threats in real-time across transaction types.

KlariVis and CLA team on enterprise data initiative for community banks

The KlariVis platform compiles and aggregates high-value actionable data across disparate systems into an intuitive, interactive dashboard that provides financial institutions of all sizes with timely insights that empower teams, drive profitability, and

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