Tag: Compliance
Finora Bank links with iDenfy to automate compliance
Fraud prevention and identity verification firm iDenfy has partnered with Finora to automate compliance and secure the onboarding process.
Collaborative crime-fighting technology dev Salv scores €4m
Salv, which has built collaborative crime-fighting technology, has raised €4m for its seed round extension.
51% of organisations lack sufficient budget for cybersecurity needs – survey...
Just half (49%) of organisations have sufficient budget to meet their current cybersecurity needs, and 11% and only protect their most critical assets.
Staying compliant in the mortgage space in 2023
The mortgage space is in a rough patch. Interest rates are rising, and firms are writing fewer loans. This is likely to be the picture for the next year or two. The industry is changing and reacting to the uncertainty of the market.
Debunking the myths of AI in RegTech
AI technology has taken the world by storm. While the technology can do wonders to improve compliance processes, myths surrounding AI’s use have gained weight and forced many to reconsider using it.
AML provider Alessa names Holly Sais Phillippi as CEO
Anti-money laundering and fraud solution provider Alessa has named Holly Sais Phillippi as its new chief executive officer.
GDPR fines totalled €2.9bn last year
European data regulators deployed €2.92bn in GDPR fines last year, a year-on-year increase of 168%, according to a survey from DLA Piper.
FCA fines AI Rayan Bank £4m for AML failings
The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.
Why CDD is crucial in banking and beyond
Electronic IDentification, which offers KYC and AML software, has released a report exploring the role of CDD in banking.
Divilo to boost fraud protection with ThetaRay
Spanish FinTech platform Divilo has announced a collaboration with AI-powered transaction monitoring company ThetaRay to boost its fraud protection.