World Federation of Exchanges welcomes FATF’s virtual asset service provider recommendations
The World Federation of Exchanges (WFE) has welcomed the recommendations from the Financial Action Task Force (FATF) on mitigating risks associated with virtual asset service... Read More
Outdated understandings of money laundering risk and legacy screening tools are leaving FIs vulnerable
Companies need to rapidly evolve their understanding of money laundering risk to more effectively manage their vulnerabilities according to Stephen Platt, Chairman and CEO at... Read More
Theta Lake among the 11 companies to make the new FinTech Innovation Lab cohort
RegTech 100 company Theta Lake is one of the new 11 companies to make the FinTech Innovation Lab New York 12-week program. The accelerator was... Read More
Onfido pulls in $50m in round led by Softbank and Salesforce
Identity verification platform Onfido has pulled in $50m in it’s funding round led by Softbank Investment and Salesforce Ventures. Other participants to the round included... Read More
New Zealand’s FMA reveals new focuses for AML/CTF
New Zealand’s Financial Markets Authority (FMA) will increase reviews on independent audits as well as client onboarding and account monitoring processes. The FMA has published its... Read More
FCA, SEC sign MoUs to reaffirm cooperation after Brexit
The UK’s Financial Conduct Authority (FCA) and US Securities and Exchange Commission (SEC) have signed two memoranda of understandings (MoU) to reaffirm cooperation following Brexit.... Read More
How closer scrutiny of risk data aggregation practices is increasing regulatory pressures on banks
The increasing scrutiny that regulators are placing on BCBS 239 compliance is causing challenges for financial institutions, but with more pressing and threatening regulations, it... Read More
Cappitech launches new insights tool for reporting processes
Regulatory reporting platform Cappitech has released its insights tool for peer review regulatory analysis. The company’s goal is to help financial institutions improve their data... Read More
Konsentus, Token.io partner to offer an accelerated PSD2 compliance solution
Konsentus has formed a strategic partnership with Token.io to provide European financial institutions with an accelerated solution for PSD2 compliance. The deadline for financial institutions... Read More
Bolton Labs acquires Phylasso Security to increase reach on Southeast Asia market
Bolton Labs has acquired fellow cybersecurity company Phylasso Security, increasing its reach to the Southeast Asian market. Philippines-based Phylasso Security is an end-to-end cybersecurity solution... Read More