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What is strong customer authentication and why should you care?
banking platform biometric cyber security data analytics data protection finance financial crime financial services global markets Identity Verification Innovation

What is strong customer authentication and why should you care?

The EU is enforcing new rules for online payments on September 14. For creative RegTech and FinTech businesses, the new legislation could present massive opportunities. Things are about to change in a big way for financial services companies. On September 14, 2019, the EU’s Revised Payment Service Directive (PSD2) will […]

Paychex launches cyber liability product
application cyber security Digital transformation Emerging Technology finance global markets Innovation Regulation Risk Managament risk tolerance

Paychex launches cyber liability product

Paychex has launched cyber liability protection which will help companies with costs from data breaches, hackers, ransomware and banking fraud. The new policy helps businesses mitigate the potential financial impacts of cyberattacks, with access to 24/7 crisis management. Policyholders get protection for potential fines or penalties from state or federal […]

5 ways how to resolve the regulatory banking puzzle
banking platform Compliance Digital transformation finance global markets innovative solutions new technology News Regulation Risk Managament

5 ways how to resolve the regulatory banking puzzle

Koen Vanderhoydonk from Blanco, a scaling regtech company founded in The Netherlands shares his insights on the current regulatory challenges in the financial industry and how regtech can help. Following the 2008 financial crisis, the financial sector has experienced an increase in regulation and in the disruptive use of technology […]

The European Commission’s latest move means the UK will face stricter finance regulations after Brexit
business business development Capital market data protection Digital transformation finance financial services industry global markets

The European Commission’s latest move means the UK will face stricter finance regulations after Brexit

Europe’s political top dogs have laid out the EU’s regulations regarding cross-border financial services trade. For Britain, this could mean stricter rules when the country leaves the EU. The European Commission has announced it is taking stock to its rules regarding equivalence in the area of financial services. In short, […]

European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied
business development Cryptocurrency digital approach Digital transformation Emerging Technology financial services industry Fintech global markets

European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied

Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied. Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before […]

Major Storm Clouds On The Digital Banking Horizon
banking platform business development Digital transformation financial services global markets Innovation News strategy

Major Storm Clouds On The Digital Banking Horizon

All of the major trends and predictions move traditional banking organizations towards the ultimate goal of digital transformation. The need to ‘become digital’ is not a matter of ‘if’, but ‘when’. The challenge is that, while the consumer expects the banking industry to follow the lead of technology and fintech […]

Is ‘Brexit effect’ to blame for drop in UK data management investments?
data analytics data protection fees finance financial services industry global markets innovative solutions News Regulation

Is ‘Brexit effect’ to blame for drop in UK data management investments?

Research from data backup software supplier Veeam suggests UK C-suite is set to invest much less in data management over the course of the next 12 months than the rest of the world, prompting concerns that Brexit might be to blame  The economic uncertainty surrounding the UK’s exit from the […]

PayPal invests in and partners with open banking platform Tink
banking platform business Capital market digital approach global markets innovative solutions

PayPal invests in and partners with open banking platform Tink

Open banking API developer Tink has received an investment from online payments giant PayPal. The value of the transaction was not disclosed. Funds from the investment will be used to support Tink’s expansion across Europe and extending the reach of its open banking services, as well as build the next […]

Thomson Reuters Inks Regtech Agreement with IBM
finance global markets Regulation

Thomson Reuters Inks Regtech Agreement with IBM

Tool “takes the guesswork out for compliance professionals” IBM and Thomson Reuters have teamed up to bundle their respective regulatory intelligence offerings together into a single product for financial services clients. The solution will digitise manual governance, risk, and compliance processes, by integrating risk data from 900 regulatory bodies and 2,500 collections […]

Tax software provider Sovos completes two acquisitions
banking platform finance global markets Innovation Regulation

Tax software provider Sovos completes two acquisitions

Global tax software provider Sovos has acquired e-invoicing solution Foriba and tax solution Eagle Technology Management (ETM). ETM delivers statutory financial reporting and insurance premium tax software to insurers and unclaimed property reporting solutions and services to financial institutions, corporations and insurers in the US. Following the close of the […]