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Friday, December 3, 2021
European Union finance ministers on Thursday backed plans for greater powers to combat money laundering after a series of revelations about large amounts of dirty money flowing through European banks. The EU last year experienced its largest money-laundering scandal when it emerged that 200 billion euros ($220 billion) in suspicious […]
The deployment of new applications and the migration of core systems onto the cloud is in full swing, and financial institutions (FIs) could arguably soon be free of the legacy shackles that prevent them from moving forward into the age of digitalisation. However, before this can happen, FIs must identify […]
The dynamic playing out across the banking landscape—from retail to private wealth management—is one where technology-driven offerings and platforms increasingly define the brand and the personal relationships underlying the business. Services have been changing since the arrival of digital platforms and the deployment of technologies like artificial intelligence. Now it’s […]
From KYC to KYT: the need to “know your transaction” Know your customer (KYC) forms the bedrock of financial crimes compliance, from customer identification and acceptance to monitoring customers’ transactions against their recorded profile, expected behaviour and peer group behaviour. So understandably, customer profile creation and risk classification become the […]
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 […]
The amount of data breaches reported by UK financial services to the Financial Conduct Authority (FCA) increased by 480 per cent last year, a study from RPC claims. Figures increased to 145 in 2018 up from 25 in 2017, of which, the retail banking space seeing the largest percentage growth […]
Good to hear from our founder and procurement tech guru here on the UK/Europe site – hopefully we’ll hear more from Jason in the coming months. On Spend Matters yesterday, Chen Amit, CEO of Tipalti, penned a guest post that introduced the topic of “regtech”. He observes that: “In 2019, […]
Half of consumers in Hong Kong are happy to let third-parties access their financial data so they can access more personalised banking services and higher returns, according to a study from Accenture. Accenture, a financial solution developer, conducted an online survey of 2,010 Hong Kong consumers late last year, with […]
The Credit Union National Association (CUNA) recently hired Quantivate to provide the technology platform for its new regulatory compliance system for credit unions. In 2017, the CUNA Board commissioned the development of a regulatory compliance management system technology platform given the number of new rules imposed by federal and state […]
Liberating Commodities & Energy trading firms & Financial Institutions from the restrictions of the current market data vendor monopoly ‘On demand’ commercial model like the entertainment industry’s approach to content provision First public showing at the annual IECA conference in Florida Florida and London – 28 September 2018. MDX […]