Tag: compliance

More than four out of five anti-money laundering and customer onboarding professionals simply use Google
announcement business business development Capital market cyber security data strategy digital approach finance financial crime financial services industry global markets Identity Fraud innovative solutions investment

More than four out of five anti-money laundering and customer onboarding professionals simply use Google

While the growing number of money laundering scandals have confirmed the need to protect businesses against fraud, many analysts simply rely on Google. Having surveyed 156 anti-money laundering (AML) and know your customer (KYC) professionals, RegTech company Arachnys has revealed that 85% used Google for their due diligence or risk […]

SIX Group Selects Know Your Customer’s Solutions for Supplier Due Diligence
announcement application banking platform business development data protection data strategy financial services innovative solutions Regulation Reporting

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 […]

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
announcement cyber security data analysis data protection data strategy digital approach

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 […]

Fenergo raises $80M at an $800M valuation for compliance and other fintech services aimed at banks
Capital market Compliance data analysis digital approach digital bank financial crime financial research financial services industry Fintech

Fenergo raises $80M at an $800M valuation for compliance and other fintech services aimed at banks

Europe has emerged as a key region for hatching and scaling fintech companies. And today, one of the more prominent fintech startups is announcing a large round of funding, from a mix of strategic investors, to keep growing its business. Dublin-based Fenergo builds solutions for banks and other financial management […]

InfoComply Launches Compliance and Data Privacy software Platform2.0 to Address New Regulations Worldwide
announcement business business development Compliance data analytics data protection data strategy Security strategy study technology

InfoComply Launches Compliance and Data Privacy software Platform2.0 to Address New Regulations Worldwide

Consumer data privacy and corporate compliance management firm InfoComply announced today a new version of the company’s software platform, providing upgraded tools for companies seeking compliance with international security and privacy regulations, including the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and Brazil’s New General Data Protection […]

Taxman unearths £200m in joint operation
announcement business development Capital market Compliance Cryptocurrency cybersecurity data strategy digital approach

Taxman unearths £200m in joint operation

M Revenue & Customs has helped uncover £200m worth of suspected tax evasion and money laundering in the UK. The action — which occurred as part of a series of investigations in Australia, Canada, the Netherlands, the US and the UK — is centred around a Central American financial institution […]

Red Deer and Cappitech combine MiFID II and MAR services for the buy-side
announcement business development Capital market Compliance compliance training data analytics data strategy digital approach global markets regulated investment Regulation Regulatory System

Red Deer and Cappitech combine MiFID II and MAR services for the buy-side

Compliance technology providers Red Deer and Cappitech will offer each other’s services to their respective clients for a more integrated solution. Technology providers Red Deer and Cappitech have teamed up to combine their services to provide investment firms with a holistic regulatory compliance solution. The partnership will see Red Deer […]

The Process of KYC and its Future in an Evolving World
banking platform business development Compliance data protection digital bank finance financial crime financial research innovative solutions

The Process of KYC and its Future in an Evolving World

Complying with KYC does not entail one single check, but rather, is a series of processes that combine to ensure the verification of an individual’s identity and the analysis of their suitability to use financial services. The main stages that make up this process are identification, Customer Due Diligence (CDD) […]