AML

MONEYVAL: Cyprus is not doing enough to combat money laundering

The Council of Europe’s anti-money laundering (AML) body MONEYVAL has urged Cyprus to be more aggressive in its efforts to combat criminal transactions.

Singapore-based CredoLab has teamed up with iovation in the fight against credit fraud

Alternative credit scoring FinTech CredoLab has signed a partnership with iovation, the reputation insights company specializing in device-based fraud detection, to fight credit fraud.

NatWest uses Featurespace’s tech to fight financial fraud

Crime prevention software developer Featurespace has been enlisted by NatWest to protect the bank's customers against fraud.

FinCEN slams Capital One with $390m fine for “egregious” AML breaches

FinCEN has fined Capital One with a $390m civil money penalty for engaging in both wilful and negligent violations of the Bank Secrecy Act.

Jumio Go is a new tool to verify identities in a smooth way

After partnering up with TSB Bank earlier this year, Jumio is now announcing its latest identity-verification tool.

This is what you need to know about 6AMLD – the EU’s new money...

By this time next year the EU will have enforced a new law to fight money laundering. Are you ready?

Why automating identity verification for onboarding is imperative

The automatic verification of someone’s ID is undoubtedly the first building block in the onboarding process of a digital customer. However, what is needed in this process and what should you be looking for in a tool? 

Finance ministers set to agree on new EU anti-money laundering authority recommendations by Thursday

From the huge Danske Bank scandal to a rising number of reports in the UK, money laundering is a growing concern for finance ministers in the EU.

EBA calls on FIs to ensure sanctions compliance against Russia

The European Banking Authority (EBA) has asked financial institutions to make sure they remain compliant with sanctions against Russia.

Saudi Riyad Bank has launched a $26.7m programme to support FinTech startups

Riyad Bank has launched a new programme to establish strategic partnerships with entrepreneurs and technology companies in the finance sector. The Saudi bank’s new programme...

News Stories

Custodia

Custodia and TSS forge alliance to enhance regulatory compliance solutions

Custodia and TSS (Trading System Support) have revealed their strategic partnership aimed at advancing regulatory compliance in the market.
A step-by-step guide to AI implementation in financial crime compliance

A step-by-step guide to AI implementation in financial crime compliance

AI is increasingly becoming a focal point of discussion, particularly in how compliance departments within financial institutions prepare to adopt AI technologies for client screening and align with necessary regulatory standards.
In today’s dynamic landscape, traditional insurance models are often lagging behind newer digitalised solutions, leaving consumers and businesses vulnerable to gaps in coverage and cumbersome policy management. Enter embedded insurance: a forward-thinking solution seamlessly integrating insurance products into existing platforms and transactions, revolutionising the way we protect assets and mitigate risks. But why is it becoming increasingly indispensable in our modern world?

Why is embedded insurance needed?

In today’s dynamic landscape, traditional insurance models are often lagging behind newer digitalised solutions, leaving consumers and businesses vulnerable to gaps in coverage and cumbersome policy management. Enter embedded insurance: a forward-thinking solution seamlessly integrating insurance products into existing platforms and transactions, revolutionising the way we protect assets and mitigate risks. But why is it becoming increasingly indispensable in our modern world?
London Underwriters, a leading national insurance wholesale broker, and Foxquilt Insurance, a pioneer in digital insurance solutions for small businesses and individuals, have announced a strategic partnership.

Foxquilt and London Underwriters unveil strategic partnership

London Underwriters, a leading national insurance wholesale broker, and Foxquilt Insurance, a pioneer in digital insurance solutions for small businesses and individuals, have announced a strategic partnership.
Nottingham Building Society has partnered with Uinsure, a leading insurance technology firm to provide seamless home insurance quotes to members in as little as 60 seconds.

Nottingham Building Society partners with Uinsure to provide faster home insurance quotes

Nottingham Building Society has partnered with Uinsure, a leading insurance technology firm to provide seamless home insurance quotes to members in as little as 60 seconds.

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