RegTech Insight AML, KYC & Financial Crime The latest content from across the platform
RegulAItion Signs Up Open Data Institute for New AIR Platform
Data platform company RegulAItion has confirmed the Open Data Institute (ODI) as a key partner in the development of its new AIR Platform, a cross-sector data initiative hoping to revolutionise the fight against financial crime. Announced in July 2020, the AIR Platform promises to transform the way in which data is accessed by regulated industries, providing…
Bottomline Boosts Anti-Financial Crime Capabilities with Dow Jones Data
Bottomline Technologies, a FinTech specialising in secure business payments, this week announced a partnership with Dow Jones Risk & Compliance: adding key Dow Jones data to its Anti-Money Laundering and Counter Terrorist Financing monitoring and screening capabilities. Dow Jones’s risk data, including politically exposed persons (PEPs), sanctions lists and adverse media entities for the UK,…
AxiomSL Could Be Up For Sale – But Who’s Buying?
There are rumours that risk data management and regulatory reporting specialist AxiomSL could be up for sale, with interest from several private equity firms. If true, it would only be the second round of institutional funding for the firm since it was founded in 1991, following the strategic stake taken back in 2017 by current owner,…
Regulatory Data Handbook 2020/2021 – Eighth Edition
This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to…
FCA: UK Banks Are Failing in Their AML Approach
UK banks are not taking anti-money laundering controls seriously enough, with some still viewing AML protections as unnecessary. This was the concern raised by Financial Conduct Authority (FCA) director of enforcement and market oversight Mark Steward, speaking to reporters at the FCA annual public meeting last week – and the regulator is ready to crack…
AML Specialist SmartSearch Slams FinCen Leak
John Dobson, CEO at AML experts SmartSearch, has expressed outrage at the revelations contained in the FinCEN files of criminal cash being moved around by the world’s biggest financial institutions, including the UK’s HSBC. “This is nothing short of a betrayal for all those thousands of businesses doing their bit in the global fight against money laundering…
Fenergo Said to Be Mulling IPO as Rumours of Sale Swirl
Following the success of VC stablemate NCino’s $250 million IPO back in June, rumours are swirling that Dublin-based client lifecycle management specialist Fenergo may be contemplating a significant corporate event, with possibilities ranging from an IPO of its own to a trade sale of the company. While sources close to the company are hinting that…
Recorded Webinar: How Financial Institutions can adjust to working in the New Normal
The very sudden impact of Covid-19 and resultant shutdown of physical sites has stress-tested financial institutions and vendors to their limits. Now banks and firms are slowly starting to re-open offices. But what will the new normal look like and what steps should you be taking now to make the most of this situation? This…
ComplyAdvantage Partners with sync. On Financial Crime Compliance
Screening specialist ComplyAdvantage has won a new mandate with fast-growing digital banking app sync. to improve the latter’s AML and anti-fraud capabilities using the RegTech’s AI-driven platform. The partnership will allow the open banking app to run its compliance and risk management processes more smoothly, and to better monitor its customers’ activity; while the relationship…
AML Penalties Increase in APAC as Regulators Rev their Engines
By the end of July 2020, AML, KYC and sanctions fines for global financial institutions reached $5.6 billion, according to the latest findings from client lifecycle management specialist Fenergo. Notably however, although overall penalties were actually down by a third compared to the same period last year, fines issued by APAC regulators related to AML…