Risk Management

A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.

Crypto wallet and payment platform Zumo has unveiled a pilot renewable energy purchase program aimed at making the crypto sector more sustainable.

The Financial Conduct Authority (FCA) has proposed the banning of debt packager companies from being paid to refer customers on to other businesses.

Suade Labs, which hopes to transform the way financial institutions handle reporting, has closed its Series A funding round.

A BlackRock study has found that 95% of (re)insurance executives are concerned climate risk will have a significant impact on portfolio construction over the next two years.

A recent whitepaper by identity verification company Trulioo has sought to define the traits of the new leaders in compliance, risk and IT security in the world of today.

Flood risk specialist Ambiental has extended its partnership with property data firm WhenFresh to offer the former’s FloodScore Climate data set on WhenFresh’s API.

Payment solution provider ACI Worldwide has launched a new technology solution to combat the growth of real-time payments fraud in the payments market.

Quantifind, a developer of advanced risk intelligence and tools software, will help Polaris discover and disrupt human trafficking operations, as part of a new partnership.

Founded in 2014, FinTecSystems is specialised in open banking infrastructure and data analysis to help companies make data-driven and automate decisions. At a time when companies are scrambling to protect their assets from criminal actors, could FTS’ open banking infrastructure be a flood barrier against the rising wave of financial crime?