09/21/2022
Sardine raises $51.5m for fintech fraud platform
Faster payments means faster fraud.
Legal,Regulation,Tax & Compliance
09/19/2022
White House sets out digital asset framework
The Treasury will complete an illicit finance risk assessment on decentralised finance by the end of February 2023 and an assessment on non-fungible tokens by July 2023.
09/19/2022
Exclusive: TrueLayer announces job cuts of up to 10% of staff
Around 40 roles are likely to be impacted after CEO Francesco Simoneschi revealed “challenging market conditions” had prompted the decision.
09/16/2022
CFPB ready to regulate BNPL
Now, the bureau's director Rohit Chopra has laid out plans to bring the sector under supervision.
09/16/2022
Former Starling exec wins unfair treatment claim
The employee was fired in March 2020 and has won two of five claims against the digital bank.
09/16/2022
Linedata and Liquid Mercury partner on crypto asset solution
Our customers will benefit extensively from the partnership
09/15/2022
Google cancels half the projects at its internal R&D group Area 120
According to Area 120 lead Elias Roman, the division aims to sharpen its focus to only AI-first projects, as opposed to its earlier mandate to fuel product incubation across all of Google.
09/15/2022
Australian Fintech Taps Israeli Regtech ThetaRay For AML Monitoring Support
By providing full visibility across complex, cross-border transaction paths, SONAR helps protect users against the risk of being exploited for money laundering
09/15/2022
Verto announces new partnership with Africa-focused firm Xente
These organisations will be able to use simple cross-border payment mechanisms in an attempt to boost financial inclusion.
09/15/2022
Danske Bank fined €1,820,000 by Central bank of Ireland for multi-year AML deficiencies
Anti-money laundering and countering the financing of terrorism compliance is, and will remain, a key priority for the Central Bank.
09/14/2022
Central Bank of Egypt selects Acumen.plus
The Central Bank of Egypt (CBE) in Cairo has a total of 4 branches located in 3 cities.
09/13/2022
St. James's Place adopts Napier screening tech
The partnership will upgrade SJP’s client and entity screening capabilities, strengthening and enabling agility within its financial crime compliance function.
09/13/2022
Central bank oversight body sets end of year deadline for cryptoassets framework
The unwinding of public support measures - which were critical in shielding banks from losses over the past two years - places greater importance on the resilience of the banking sector to absorb potential shocks.
09/12/2022
Citi wins appeal over $500m funds transfer gaffe
Citi was midway through a project to replace obsolete software dating from the 1990s when a 'clerical error' resulted in the transfer of the full debt repayment, rather than the interest that was due on the loans.
09/09/2022
SIX Benefiting from Sino-American Audit Debate
Last month American and Chinese officials agreed to allow Chinese accounting firms to share more information with US regulators about the finances of Chinese companies listed on U.S. stock exchanges.
09/09/2022
Cayman Islands: Regulation Of Crypto Exchanges And Other Crypto Services In The Cayman Islands
According to information from the CIMA, 55% of the VASPs registered in Cayman are trading platforms with a daily transaction volume of USD5.1 billion (2 to 3% of total global volumes).
09/09/2022
SteelEye raises $21m Series B
We are excited to partner with the company as it accelerates its expansion in the North American market and beyond.
09/08/2022
Avaloq And Synpulse Sign License Reseller Agreement
Avaloq and Synpulse have finalised a license reseller agreement to provide end-to-end digital solutions for private banks and wealth managers in Asia
09/08/2022
Compliance costs and complexity are driving the demand for RegTech solutions.
Compliance and technology analytics firm has announced the completion of a $21m Series B fundraising round as it looks to accelerate its expansion in the U.S.
09/07/2022
Revolut under pressure over internal audit
Not only is Revolut due to file its 2021 accouints by the end of September, it is also likely to face pressure to invest more in its back office functions.