US banks required to report major cyber cases in 36 hours under new law
A new US law set to be introduced in May next year will require banks to report major cybersecurity incidents to federal officials within 36 hours.
Pin numbers to be a thing of the past, Valuates reports
Market research company Valuates has predicted that the face and biometrics market will grow at a CAGR of 10.5%, to reach $10.76bn by 2027.
Over a quarter of global firms bled more than £1m to financial crime in...
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.
Zumo eyes decarbonised crypto sector through new purchase pilot program
Crypto wallet and payment platform Zumo has unveiled a pilot renewable energy purchase program aimed at making the crypto sector more sustainable.
Leaders in global digital identity market GBG and Acuant team up
UK-headquartered identity verification and fraud prevention company GBG has entered an agreement to acquire Acuant, a leading identity verification and KYC/AML compliance provider for a...
Criminals are exploiting DeFi tech in its infancy, Elliptic cautions
Losses from fraud and theft involving DeFi have increased 600% since 2020, reaching $10.5bn in 2021, according to a report released by London-based blockchain analysis provider Elliptic.
85% of corporate audit and compliance workers in big firms find data too hard...
The overwhelming majority of corporate audit and compliance workers in large firms find the access to information to be difficult, a report from Sinequa claims.
ComplyAdvantage introduces AML guide for digital-first banks
ComplyAdvantage has launched a new anti-money laundering (AML) guide for digital banks to provide them with a better understanding of the topic.
Barclays teams with SaveMoneyCutCarbon to help clients cut their emissions
Barclays has partnered with SaveMoneyCutCarbon to help its customers reduce their carbon, energy and water usage.
Finland-based iconicchain scores ?1m to bring blockchain to compliance
Finnish RegTech company iconicchain, which leverages blockchain to improve compliance, has collected ?1m in funding.
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