Tag: innovative solutions

Thoughts on the market rout, compliance and working from home
application business business development digital approach Digital transformation economic impact innovative solutions Regulatory System Reporting strategy sustainability

Thoughts on the market rout, compliance and working from home

  Having worked in the financial industry for 20 years, I always found it interesting how stock markets have been the proxy for gauging public fear. My first job was working as a trader at a Wall Street firm. The first taste I got about the connection between the markets […]

Giant Financial Institution, the BBVA, Asks Fintech Firms to Develop Regtech and Finance Solutions via its Open Talent Program
announcement banking platform business business development Capital market data strategy finance Fintech global markets Innovation innovative solutions sustainability

Giant Financial Institution, the BBVA, Asks Fintech Firms to Develop Regtech and Finance Solutions via its Open Talent Program

BBVA (Banco Bilbao Vizcaya Argentaria, S.A)., a Spanish multinational financial services company, is making changes to its Open Talent competition for early-stage firms and startups, in order to work cooperatively with Fintech businesses. BBVA is one of the world’s largest financial institutions. It offers services in Spain, South America, North […]

Bain & Co: Banks are Losing Customers to Fintech and Tech Giants
banking platform business business development data analytics data strategy digital approach digital bank digital currency Digital ID Digital transformation Emerging Technology

Bain & Co: Banks are Losing Customers to Fintech and Tech Giants

Traditional banks are losing customers to nonbank competitors because they still lag the digital experience offered by leading fintechs, established specialist companies and major technology companies. In order to stay in the game, retail banks must improve their digital channels’ interface and functionality, according to research by Bain & Company. […]

SIX Group Selects Know Your Customer’s Solutions for Supplier Due Diligence
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SIX Group Selects Know Your Customer’s Solutions for Supplier Due Diligence

IX Group has selected Ireland and Hong Kong-based RegTech provider Know Your Customer to strengthen its procurement process and better assess the risk associated with its international suppliers. By utilising Know Your Customer’s due diligence platform, SIX Group is looking to increase the accuracy of its risk calculations on suppliers that […]

Estonian e-Residency MD: No deal Brexit is no problem thanks to digital identity
announcement Brexit business business development Capital market digital approach Digital ID Emerging Technology finance global markets

Estonian e-Residency MD: No deal Brexit is no problem thanks to digital identity

Digital residency could nullify the worst-case scenario of a no-deal Brexit for small companies and entrepreneurs, according to Ott Vatter, managing director of Estonia’s e-Residency programme. “E-residency can be a solution for some companies due to the uncertainty,” he tells Finextra Research. While much of the uncertainty around Brexit has […]

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 […]

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
business development Capital market Compliance compliance training data analytics data protection data strategy finance Innovation new applications regulated investment Regulation Risk Managament

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, […]