India's Financial Intelligence Unit (FIU) has imposed a fine of ₹54.9m ($662,565) on Paytm Payments Bank, the banking arm of Paytm (PAYT.NS). According to Reuters, This decision comes after the FIU's thorough review, prompted by information from law enforcement agencies indicating that the bank was used to channel proceeds from illegal online gambling activities. The finance ministry highlighted the bank's...

Symfa, a leading software development firm, has been listed among the top ten DevOps and cloud consulting firms in the USA. 

Fastly has been chosen by Monoova, a leading Australian payments automation provider, to bolster transaction security for its expanding clientele.

Cytora, a leading InsurTech company, has been engaged by Chubb, a global insurance leader, to automate claims document processing.

Marsh McLennan, a leading professional services firm in risk, strategy, and people, has appointed David Liston as the US and Canada Chief Commercial Officer (CCO), effective immediately.

Understanding the intricacies of KYC practices is paramount for financial institutions aiming to mitigate risks and ensure compliance. A recent article by RelyComply delved into the most prevalent mistakes firms make in their KYC processes and offers insights on how to avoid them, safeguarding both your business and your customers. The foundation of KYC lies not just in accumulating documents...

When it comes to managing work devices, the decision between a Bring Your Own Device (BYOD) or Choose Your Own Device (CYOD) policy holds significant implications. Each approach comes with its own set of advantages and challenges, impacting productivity, security, and overall operational efficiency. Scanbot SDK takes you through the defining features of both options.

The banking sector faced key compliance challenges with fines for lapses in AML, KYC and related regulatory areas.

Tietoevry has announced the completion of its three-year Sustainability Game Plan, achieving remarkable sustainability milestones through 2023.

IntellectAI has recently announced the launch of a new technology which may have the potential to revolutionize the insurance industry.