Streamline KYC and AML processes with Muinmos’s AI solutions
In the dynamic world of finance, client onboarding challenges abound, driven by the need to balance enhanced customer experiences against stringent compliance requirements.
New UK law to set global standards for ESG rating agencies
The UK government has announced a pivotal step in the regulation of Environmental, Social, and Governance (ESG) ratings.
India’s financial intelligence unit levies Fine on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) has imposed a fine of ₹54.9m ($662,565) on Paytm Payments Bank, the banking arm of Paytm (PAYT.NS). According to Reuters,...
Giraffe’s impact investing platform secures $10.5m in seed funding
Giraffe, a New York-based FinTech firm, offers an innovative impact investing platform, aimed specifically at employees.
Mediobanca and Founders Factory to nurture 35 startups with €12m investment
In a new initiative aimed at reshaping the financial services landscape, Mediobanca, Italy's top-tier investment bank, has joined forces with Founders Factory.
FinTechs failing to address carbon emissions despite helping others reduce theirs
The urgent need for sustainability is evident, with a staggering 69% of global consumers opting for eco-friendly products and services, as per IPSOS. Amidst this environmental awakening, the FinTech sector, while championing sustainable innovations, must also introspect and mitigate its own carbon emissions.
Secure Trust Bank taps Mastercard for open banking payments
UK retail bank Secure Trust Bank has teamed with Mastercard to offer customers more choice and convenience through open banking to repay retail finance.
Gensler highlights climate reporting challenges for US firms under EU directives
Gary Gensler, the US SEC chair, has issued a warning about the implications for thousands of US firms in the absence of domestic climate reporting rules.
Recordkeeping, regulations and consolidation: the RegTech trends that stood out in 2023
In 2023, new technologies entered the market that brought new challenges for financial services firms to remain compliant, RegTech was given the opportunity to provide the solutions necessary to fix this issue. Whilst the industry may be still relatively unknown beyond the shores of finance, its importance cannot be understated.
Using tech to modernise AML in the US
Modernising anti-money laundering techniques has become a key aim of businesses around the world. How has this been happening in the US?
In a recent...