HKMA reprimands four Asian banks due to AML abuses
The Hong Kong Monetary Authority (HKMA) has disciplined four banks due to anti-money laundering (AML) violations for a total imposed penalty of HKD$44.2m.
Deutsche Bank Wealth Management to implement Finantix’s KYC solution
Deutsche Bank Wealth Management has selected software builder Finantix to help enhance its client onboarding and KYC processes.
Jumbo bags $3.5m funding
Jumbo, a provider of a decentralised exchange built on the NEAR Protocol, has picked up $3.5m in funding.
How has Covid-19 transformed the need for better pricing in the insurance space?
The coronavirus pandemic has forced insurers to review their pricing models, but adopting new tech solutions to do that could have many benefits.
China’s exchange regulator fines Tenpay for misconduct allegation
China State Administration of Foreign Exchange has reportedly fined Tenpay, which is owned by Tencent Holding, for foreign exchange rules violations.
MHR Analytics poll reveals almost three-quarters of people are insecure about their data
Business intelligence and analytics company MHR Analytics’ survey has unearthed that 73% of respondents are not confident about their data and numbers on month-end closes and audit submissions.
Signifyd links with commercetools to in exemption management offering
Signifyd has launched the first plug-in with built-in dynamic exemption for SCA management alongside commercetools.
How has insurance changed from Covid-19?
Covid-19 has become a part of normal life, and insurance has changed in more ways than just having a remote workforce.
Bahrain FinTech Bay opens, naming founding partners, startups
Bahrain FinTech Bay, a FinTech hub for the Middle East and Africa, has opened and announced its founding partners and some of its startups.
Stripe introduces new & improved onboarding
Payments processor Stripe has improved its onboarding processes for Express accounts.
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