UK Treasury Committee calls for government action on fraud and scam surge
A new report by the UK’s Treasury Select Committee has called on the government to work harder to tackle the ‘growing fraud epidemic’ in the UK.
How FinTechs can build an effective compliance programme
A recent panel discussion led by Clausematch focused on a key, hot-button topic in FinTech right now: how can high-growth firms build effective compliance programmes?
Cognitive View joins IBM Cloud for Financial Services
Communication monitoring platform Cognitive View has joined the IBM Cloud for Financial Services, which is filled with over 125 global systems integrators, independent software vendors, SaaS providers, and FinTechs.
eToro to implement Regnology’s tax reporting tool
Social investing network eToro will implement Regnology’s tax reporting solution as part of a new partnership to help clients produce tax reports.
Could a digital identity framework deepen financial exclusion?
The UK government recently conducted a consultation on the introduction of a common digital identity framework. However, recent research conducted by RegTech firm PassFort has found a lack of understanding among respondents as to what the framework is and what it means for them.
Why dynamic risk assessments are a must for AML/KYC
As pressures continue to rise for financial institutions to meet mounting anti-fraud regulatory requirements, dynamic risk assessments will become more vital.
EBA unveils new central database for AML and CFT
The European Banking Authority (EBA) has launched EuReCA, a new central database for anti-money laundering and counter-terrorism financing.
FCC revokes Chinese telecom provider licence due to security risks
The Federal Communications Commission (FCC) has revoked China Unicom Americas’ licence due to ‘serious national security concerns’.
Americans lost $770m from social media scams in 2021
Reports received by the Federal Trade Commission have found US citizens were scammed to the tune of $770m through social media cons during 2021.
Myanmar to seek ban on digital currencies, VPNs in new cyber law
The military junta leading Myanmar has drafted a cybersecurity law that would ban the use of VPNs and digital currencies.
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