financial crime

EU Agrees Steps Toward Tighter Money-Laundering Supervision
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EU Agrees Steps Toward Tighter Money-Laundering Supervision

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 […]

Inequality, Climate Change And The Role Of Central Banks
banking platform business business development finance financial crime financial services financial services industry global markets innovative solutions

Inequality, Climate Change And The Role Of Central Banks

What do interest rates and bank regulations have to do with social justice and environmental decay? Potentially, quite a bit. Central banks can and should pay close attention to key issues like income inequality and climate change even if these fall outside their traditional mandates, argues Patrick Honohan, former governor of the Central Bank […]

Coinfirm partners with Kroll to help users recover lost or stolen crypto
cybersecurity data analysis data protection digital bank Emerging Technology financial crime Innovation innovative solutions investment

Coinfirm partners with Kroll to help users recover lost or stolen crypto

Pawel Kuskowski, CEO at London-based Coinfirm, a company focused on developing regulations technology, or Regtech, for blockchain-based financial assets, estimates that there’s $10 billion in stolen cryptocurrencies. In order to help victims recover their funds, Coinfirm has partnered with cybersecurity firm Krollwire to launch ReclaimCrypto.com. There’s usually no recourse for […]

National Cyber Security Centre stops over 600 cyber-attacks in the UK across the year
cybersecurity data protection digital approach Emerging Technology financial crime innovative solutions

National Cyber Security Centre stops over 600 cyber-attacks in the UK across the year

The National Cyber Security Centre (NCSC) has revealed it has protected the UK from more than 600 cyber-attacks in the past year This announcement comes as the NCSC releases its third annual review where it also explains other actions it has taken to protect the public. This includes an initiative to stop […]

New Advanced Fraud Solutions and Automated Systems partnership to improve check fraud protection
data analysis data protection digital approach finance financial crime fraud global markets Innovation

New Advanced Fraud Solutions and Automated Systems partnership to improve check fraud protection

Advanced Fraud Solutions (AFS) has formed a strategic partnership with Automated Systems to build support check fraud protection. The partnership will see the integration of AFS’ check fraud prevention solution, TrueChecks, with the Automated Systems’ Insite Online Banking and Mobile Apps. By leveraging the TrueChecks check fraud database, Automated Systems’ […]

Visa releases new security tools to combat payment fraud
Capital market data analysis data protection Digital transformation Emerging Technology fees finance financial crime payment fraud

Visa releases new security tools to combat payment fraud

Visa has released a suite of security capabilities which will help prevent and disrupt payment fraud. The new payment security services protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting financial institutions and merchants. Its services are available to Visa clients at no extra cost […]

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 […]

Mercury Payment Solutions and Arion Bank Select Fiserv Anti-Money Laundering Technology
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Mercury Payment Solutions and Arion Bank Select Fiserv Anti-Money Laundering Technology

(NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that a payment scheme in the Middle East and a universal bank in Iceland have chosen Fiserv technology to streamline anti-money laundering (AML) processes and effectively manage fraud risk. Mercury Payment Services and Arion Bank were seeking a provider with proven expertise and join more than […]

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 […]