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Deutsche Bank’s latest compliance failures risk post-Brexit ‘passport’: FT
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Deutsche Bank’s latest compliance failures risk post-Brexit ‘passport’: FT

Bank of England officials have voiced concerns that Deutsche Bank is failing to improve its anti-money laundering (AML) and compliance controls and have warned the German lender that it could lose access to the UK market following Brexit, the Financial Times reported Monday. The bank’s latest compliance troubles come four […]

The impact of Brexit on the AML KYC Compliance and trade in the UK
banking platform Brexit business business development Capital market Compliance data strategy digital approach finance financial research financial services industry global markets Innovation innovative solutions investment KYC

The impact of Brexit on the AML KYC Compliance and trade in the UK

AML/KYC screening is a mandatory part of the compliance operations of businesses. Nowadays every business is liable for some sort of KYC and AML compliance, and heavy non-compliance fines and penalties have left no choice but to invest in compliance. The regulations have changed and are more strict for financial […]

Right Here, Right Now: Taking Action On Financial Crime
financial crime global markets Innovation innovative solutions new technology regulated investment Regulation Risk Managament risk tolerance Security strategy

Right Here, Right Now: Taking Action On Financial Crime

If there is one truism about financial crime, it’s that the perpetrators are ever-present and ever-evolving. Just as technology has revolutionized banking and finance, so too has it given criminals more sophisticated tools. Indeed, as financial institutions work to keep pace with exponential technology advances, criminals seem to be pulling […]

Sweden is now testing its digital version of cash, the e-krona
announcement banking platform business development Cryptocurrency finance financial research financial services Innovation innovative solutions new applications new technology

Sweden is now testing its digital version of cash, the e-krona

The Riksbank, Sweden’s central bank, has announced the launch of a year-long pilot project of its proposed e-krona. The project will use distributed ledger technology inspired by the blockchains that run cryptocurrencies. Cashless in Sweden: Physical cash is headed toward obsolescence in Sweden. Nearly everyone uses a mobile payment application […]

European Union unsure how to regulate Facebook’s Libra
Compliance data analytics data strategy digital bank finance Fintech global markets Innovation innovative solutions new technology Regulation Regulatory System

European Union unsure how to regulate Facebook’s Libra

The EU cannot work out exactly what Libra is according to a memo by European Commission executive vice-president, Valdis Dombrovskis. Dombrovskis refers to the “need to ensure clarity” about what Libra is, but that the information provided by Facebook is not sufficient. Libra is described as a “moving target” that […]

The buy-side is saving compliance and control professionals from the cold
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The buy-side is saving compliance and control professionals from the cold

If you work in compliance or regulation in an investment bank, you probably have very good reason to fear the rise of technology. As so-called ‘Reg-tech’ has taken hold, compliance spending is banks’ new target for cost-cutting. It’s fortunate, then, that compliance jobs are still very plentiful on the buy-side. “The buy-side has […]

SentinelOne hits unicorn status after funding round
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SentinelOne hits unicorn status after funding round

SentinelOne, an autonomous endpoint protection company, has secured $200m in its Series E, pushing its valuation to $1.1bn. Venture capital and private equity firm Insight Partners led the round. Other investments to the round came from Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third […]

ZignSec launches new anti-money laundering product as the RegTech company views global markets
banking platform business development Capital market Compliance data analytics data protection data strategy global markets Money-Laundering new applications

ZignSec launches new anti-money laundering product as the RegTech company views global markets

The Swedish RegTech company ZignSec has rolled out a new anti-money laundering (AML) product as the Nordics are still dealing with the fallout of a massive banking scandal. The identity verification venture, which went public in 2019, made the announcement at an event hosted by Sthlm Fintech Week on Monday, […]

Lithuania’s fintech sector now fastest growing in EU
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Lithuania’s fintech sector now fastest growing in EU

Lithuania is home to the fastest-growing fintech sector in the European Union, and the second-fastest growing in Europe, behind only the UK. A study carried out by Invest Lithuania and Rockit Vilnius, which looked at the state of fintech in 2019, reveals an impressive 24 per cent increase in the number […]

Apple Pay is on pace to account for 10% of all global card transactions
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Apple Pay is on pace to account for 10% of all global card transactions

Apple’s mobile wallet is gobbling up a growing chunk of card payments around the world. As the service grows, it’s becoming a greater challenge to rivals like PayPal and attracting the attention of competition watchdogs. Apple Pay accounts for about 5% of global card transactions and is on pace to […]