Clausematch survey details accelerated RegTech growth during the pandemic
A survey conducted by regulatory technology business Clausematch has found the RegTech industry has witnessed accelerated growth during the coronavirus pandemic.
Bunq unveils GenerativeAI platform in ambitious UK relaunch
Bunq, a leading Dutch neobank, is making a significant move in the FinTech industry by launching its innovative GenAI platform.
Nirvana Insurance selects Ascend to enhance direct bill processing capabilities
Nirvana Insurance has selected Ascend, a financial operations automation platform, to enhance and expand its direct bill processing capabilities.
Sapiens acquires InsurTech sum.cumo in €28.4m deal
InsurTech provider Sapiens International Corporation has bought a German startup to boost its digital offering and to push further into Germany, Austria and Switzerland.
Irish regulator slap Instagram with €405m fine for privacy failures
Ireland’s Data Protection Commission has fined social media giant Instagram €405m for failures around handling personal information.
Varo Bank taps Quantifind’s AI platform for adverse screening, automated investigations
Varo Bank has selected financial crime investigation firm Quantifind’s Graphyte platform to optimise its adverse media screening and investigations automation performance.
US’ FinCEN implements stricter reporting to combat financial crimes
The US Department of the Treasury’s FinCEN has initiated a step in enhancing corporate transparency and combating illicit finance.
Majority of wealth managers are dissatisfied or indifferent to their current technology
The majority of wealth managers (70%) have expressed dissatisfaction or indifference towards their existing technology systems, according to recent research conducted by Avaloq.
Three scams which should have been avoided in 2019
It will be impossible to completely stop scams from happening. While technology and better alertness will help to lower the number of successful incidents, some will inevitably slip through under the radar.
Contactless payment transaction value to reach $10trn by 2027
The value of contactless payment transactions is expected to reach $10trn by 2027, up from $4.6trn in 2022, according to data from Juniper Research.