Mastercard, Billetera team to provide digital payments in DR Congo
Payments giant Mastercard has collaborated with Billetera to offer digital payments to consumers in the Democratic Republic of Congo (DRC).
FCA fines Sapien Capital for cum-ex trading financial crime control failings
The Financial Conduct Authority (FCA) has imposed a fine of £178,000 to an international sham trading scheme known as cum-ex.
Novus to launch beta banking app as it prepares for summer roll-out
UK-based banking company Novus is due to launch its beta banking app in the coming weeks before introducing the product to the wider public in summer 2021.
Why AI technology is key to the future of compliance surveillance
From insider trading and market manipulation to bribery, corruption as well as money laundering, detecting suspicious activity has become a top priority for financial firms, making it imperative to have a robust compliance surveillance solution in place, according to Relativity Trace general manager Jordan Domash.
Virginia VC closes seed, pre-seed fund to support LatAm FinTechs
Virginia-based venture capital enterprise Qed Investors has concluded a $12m network-driven fund to bolster seed and pre-seed FinTech companies in Latin America.
EPC kicks off malware platform pursuit to boost fraud sharing capabilities
The European Payments Council (EPC) has begun the search for a Malware Information Sharing Platform (MISP) to aid real-time fraud information sharing.
EBA launches consultation on money laundering, terrorism financing in the EU
The European Banking Authority (EBA) has introduced a public consultation on a database on anti-money laundering and countering terrorism financing (AML/CFT) in the EU.
Flipkart to cover entire premium towards Covid-19 insurance for its sellers
Walmart-owned Flipkart is exempting storage and cancellation fees for sellers on its marketplace and providing them with insurance coverage as it seeks to support MSMEs through the ongoing Covid-19-induced challenges in India.
More vigorous action needed on money laundering, BaFin tells Deutsche Bank
German financial regulator BaFin has told banking giant Deutsche Bank it needs to introduce stronger action on money laundering.
French, EU cybersecurity heads stress greater cooperation, resources importance
The heads of the European and the French cybersecurity agencies have called for a greater level of cooperation and more resources to compete in the cybersecurity spending race.
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