Fintech

Fintech innovations are transforming every aspect of the financial sector
data protection data strategy Emerging Technology finance financial research Fintech Innovation

Fintech innovations are transforming every aspect of the financial sector

As the concept of fintech has come to symbolize the growing importance of technology in the financial sector, innovations are continuously being developed around the globe. Financial technology, often called fintech, now covers a wide range of technological innovations in the financial sector affecting virtually every industry that can be […]

European Supervisory Authorities gives advice on risk management and cybersecurity
cyber security cybersecurity data protection data strategy digital approach digital currency Emerging Technology finance Fintech Regulation Risk Managament Risk Management

European Supervisory Authorities gives advice on risk management and cybersecurity

The European Supervisory Authorities (ESAs) has published its joint advice in relation to improving communication risk management and cybersecurity. Last year, the European Commission requested the ESA to map the existing supervisory practices across financial sectors around IT security and governance requirements. Its aim was for the ESA to issue […]

EU Aims To Improve Fintech Coordination
business data protection finance financial research Fintech

EU Aims To Improve Fintech Coordination

Today the European Commission and the European Supervisory Authorities (ESAs) are launching the European Forum for Innovation Facilitators (EFIF), with the objective to improve cooperation and coordination in support of the application of new technological developments in the EU financial sector. Innovation facilitators usually take the form of ‘innovation hubs’ […]

Varo Money gets NICE anti-fraud tech
finance Fintech Innovation Start Ups

Varo Money gets NICE anti-fraud tech

Varo Money, the US challenger bank, has selected NICE Actimize to implement its financial crime strategy for anti-money laundering (AML) protections, including know-your-customer (KYC) requirements, sanctions screening and transaction monitoring capabilities. Varo will integrate NICE Actimize’s AML Essentials, a software-as-a-service (SaaS) AML solution that detects and scores a range of […]

CoCoNet revolutionises corporate banking online security with its new MULTIVERSA Token for Mobile and Desktop
banking platform cybersecurity data strategy digital approach finance Fintech innovative solutions Risk Managament

CoCoNet revolutionises corporate banking online security with its new MULTIVERSA Token for Mobile and Desktop

Banks have the opportunity to make huge cost savings on their corporate customer authentication services for online banking, thanks to CoCoNet’s new MULTIVERSA Token for Mobile and Desktop. These revolutionary app-based tokens remove any need for banks’ corporate customers to use additional authentication tools when logging in to their online […]

How blockchain is becoming the 5G of the payment industry
Blockchain business development Compliance data protection Emerging Technology financial research Fintech Innovation

How blockchain is becoming the 5G of the payment industry

New blockchain-based financial networks like the one launched by IBM last week will enable faster and more transparent cross-border payments and eventually become the platform for retail and other consumer transactions. As more blockchain-based payment networks and fiat-backed digital currencies – including one from the largest U.S. bank – emerge, […]

Japan Approves 2 New Crypto Exchanges – 140 More Interested
banking platform business development Cryptocurrency digital currency Fintech Innovation innovative solutions Regulation

Japan Approves 2 New Crypto Exchanges – 140 More Interested

Japan’s top financial regulator has shared with news.Bitcoin.com some stats pertaining to cryptocurrency exchange registrations. Out of 23 new applications the regulator has received, two have been approved so far. In addition, there are over 140 more companies interested in entering the market. Over 140 Companies Interested, 2 Approved so […]

Wiring financial organisations for regulatory success
Compliance data strategy digital approach finance financial crime financial research Fintech Regulation

Wiring financial organisations for regulatory success

Regulatory compliance is a time and resource-consuming burden for every financial institution – since the global financial crisis, regulatory requirements have increased exponentially. Regulators are increasingly demanding more detailed information, and firms now have to demonstrate greater levels of responsiveness, accuracy and monitoring of their data, transactions, governance and policies. […]

Gartner: top 7 security and risk management trends for 2019
cybersecurity data protection Emerging Technology financial crime financial research Fintech Innovation Market Data Risk Management

Gartner: top 7 security and risk management trends for 2019

Threat detection investment, security aligning to business goals and passwordless authentication are among the top trends in security and risk management, according to Gartner Security and risk management are two of business’ biggest considerations in today’s increasingly volatile cyber security landscape — failings in this arena will lead to potentially […]

New ECB guidelines extend active monitoring to intraday liquidity – but are banks ready?
banking platform business finance Fintech Innovation Regulation

New ECB guidelines extend active monitoring to intraday liquidity – but are banks ready?

November 2018 saw the publication of the ECB’s final guides on banks’ internal capital and liquidity management. The non-legally binding guidelines, which came into effect on 1 January 2019, focus on financial institutions’ internal capital and liquidity adequacy assessment processes (ICAAPS and ILAAPS). The new guidelines make clear the ECB’s […]