09/14/2020
Hong Kong crime family arrested in HK$3 billion money-laundering investigation
Parents and three children had over 100 personal bank accounts between them, with officials looking into 6,000 suspicious transactions
Legal,Regulation,Tax & Compliance
09/14/2020
Treasury-backed initiative launches to boost collaboration between fintechs and banks
Building partnerships with established institutions is a fantastic route for fintechs to drive positive change in finance
09/11/2020
Corruption imposes additional barrier to digital identity in South Africa
The key challenge remains not if we have the best tools to fight fraud, but if we have the best tools to fight the roots of corruption, and how to tackle social engineering with the best technology that can prevent this immorality and fraud from re-occurr
09/11/2020
China's expanded export controls pose fresh challenge to global tech industry
In addition to recommendation algorithms such as those used by ByteDance-owned TikTok, the new list of “partially restricted exports” includes drone and cybersecurity technology, voice recognition software, and handwriting scanning software.
09/10/2020
Mawer Investment Management signs for SimCorp Dimension
The agreement is the latest in a series of North American front-to-back deals, which see buy-side firms choosing SimCorp’s front office.
09/10/2020
Personal Data Transfers to the US and other non-EEA countries
If such measures ensure that foreign domestic law in the relevant third country does not impinge on the adequate level of protection the SCCs guarantee, a data transfer can be permissible.
09/10/2020
Crealogix and IBM collaborate to help banks accelerate digital transformation
With a total of 150 years of experience between them, two industry leaders in the banking industry are helping their customers take advantage of the latest developments in user experience design, innovation and cloud technologies.
09/10/2020
CAD finds 'reasonable grounds' of offence by AGV director
In July, the company said it had received notices from the CAD and MAS asking for information and documents in relation to an alleged offence under the SFA.
09/09/2020
UAE rolls out new system to monitor and curb financial crimes
'Fawri Tick' will allow the country to respond effectively to financial crimes and eliminate them in a timely manner
09/09/2020
Milestone Group appoints MD of Asia Pacific
Milestone Group, a global investment fintech firm, best known for innovation in fund processing, asset allocation and oversight automation, has appointed Marian Azer as Managing Director for Asia Pacific (APAC) based in Sydney, Australia.
09/09/2020
Santander UK implements ACTICO’s credit risk management platform
A wholly-owned subsidiary of Banco Santander, Santander UK has partnered with several FinTechs for starting a multi-year transformation program and implement an end-to-end customer onboarding, credit risk, and fulfillment solution.
09/09/2020
PayThink Fintech and digital pay are pushing banks to accelerate tech adoption
In some ways, the impacts of the pandemic will accelerate this shift, and five years from now, our financial services industry will look very different from the one we’ve known.
09/09/2020
The Financial “Plumbing” Committee: from Plumbing to Policy
Pre-crisis, no single authority had the mandate or tools to look after the stability of the financial system as a whole.
09/09/2020
Regulations should allow mobile networks to become your next bank: commission
This means that regulatory design for the inevitable competition arising from the entry of tech players must be ‘appropriate’, it said.
09/08/2020
LPA Group takes over RegTech Aracada
The addition of Acarda will enable the LPA Group to enter the attractive digitalization and transformation business in asset management
09/07/2020
Banks work with fintechs to counter ‘deepfake’ fraud
Crimes involving manipulated video and audio to impersonate customers cause concern
09/04/2020
Pension provider comparison site launches for advisers
The 2020 ratings will be available next week (September 11).
09/03/2020
Access Bank appoints new Head Africa Fintech Foundry
AFF is an Access Bank initiative that aims to nurture, fund, and accelerate the growth of FinTech startups in Africa through its mentorship and accelerator programmes.
09/03/2020
Android users told to delete six apps that can access bank account immediately
People are being told to delete them immediately to 'avoid fraudulent activity'
09/03/2020
FCA publishes new webpage on DataSprint for digital sandbox pilot
Beyond the immediate task of developing synthetic data assets for the digital sandbox pilot, we hope the event will be a catalyst for collaboration around the development of synthetic data assets in the financial services industry.