Industry News

TrueLayer has become the first participant in the SEPA Payment Account Access Scheme (SPAA).

Flagstone, a cash deposit marketplace, has announced a substantial equity investment of £108m from US venture capital firm Estancia Capital Partners. According to Finextra...

Mirae Asset Wealth Management, a financial services group operating in 15 countries, has announced a strategic partnership with Velexa.

As cryptocurrencies become increasingly popular, the risk of scams targeting investors has grown. In response, Commonwealth Bank (CBA) has launched new safety measures aimed at safeguarding its customers. The bank will now impose restrictions, delays, and limits on certain payments to cryptocurrency exchanges.

In the UK, the deployment of artificial intelligence (AI) is perceived as the principal threat for over half of the regulated firms this year. A...

Insurance agency Insuritas has been engaged by Credit One Bank to install its full-service digital insurance agency platform.

The fifth annual WealthTech100 list has named the technology companies transforming wealth and asset management during the uncertain market.

Cyber risk technology developer KYND has released the next generation of its cyber risk management for the managed service providers (MSP) sector.

Xero has joined forces with Flinks to provide small businesses in North America with secure access to banking data.

In an increasingly interconnected financial landscape, financial crime has become more sophisticated, underlining the importance of maintaining robust anti-money laundering (AML) compliance for financial institutions. With stringent regulatory scrutiny and technological advancements, financial institutions must adhere to strict AML regulations to deter activities such as money laundering, terrorism financing, and other financial crimes. Moreover, understanding and considering the significant cost of non-compliance is vital.