RegTech Insight Financial Crime, KYC & AML The latest content from across the platform
Entity Data Management Handbook – Seventh Edition
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best…
Ikano Bank Places TruNarrative Platform at Centre of Fraud Prevention Strategy
Swedish bank Ikano Bank will deploy fraud prevention technology from UK-based TruNarrative, as part of a wider digital transformation programme. The implementation will involve integration of the TruNarrative client onboarding and fraud detection platform with Ikano’s new technology architecture to facilitate the bank’s Europe-wide fraud prevention strategy. The TruNarrative platform is accessed via a single…
China Merchants Bank Selects Appway for Onboarding and KYC Compliance Checks
China Merchants Bank – Singapore branch (CMB SG) has selected Appway to provide client lifecycle management solutions and domain expertise to accelerate the branch’s compliance agility and efficiencies. Appway’s Singapore office will lead the implementation of its Onboarding for Wealth and KYC Review solutions, as well as its Digital Binder product for front to back…
Encompass Secures New Funding from Beacon
London-based Know Your Customer (KYC) automation software provider Encompass Corp. has secured new investment from Beacon Equity Partners, a Boston-based private equity firm that focuses on companies in the regulatory and compliance space, as part of a broader capital round that included existing investors. Joe Bradley will join Encompass’s Advisory Council, to sit alongside existing members Stephen Allen,…
Quantexa Addresses AML with Contextual Decision Intelligence
London-based data and analytics company Quantexa is addressing the challenge of Anti-Money Laundering (AML) monitoring and investigation with the use of contextual decision intelligence (CDI), a means of enriching internal data with external data and building networks of relationships to create a contextual view of a customer. This approach is aimed at generating meaningful alerts…
Post-Brexit UK Sanctions Regime Adds Complexity as Firms Wrestle with Global Compliance
The post-Brexit UK sanctions regime has added complexity to firms’ efforts to comply with international sanctions regimes, in some cases changing their appetite for risk, according to a recent A-Team webinar on the topic. And although much of the UK regime has been transposed from EU regulation, small but significant changes are adding to the…
RegTech Summit Goes Global as A-Team Launches Singapore Event in November
It’s official. Due to popular demand, A-Team Group is expanding its highly successful RegTech Summit conference series with an event in Singapore in the autumn. With lead sponsorship from Solidatus confirmed, A-Team is now formulating the agenda, recruiting speakers and discussing participation opportunities with sponsors and exhibitors. A-Team’s RegTech Summit APAC will take place on…
Recorded Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant
When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The regime is fundamentally different to that of the EU, requiring financial institutions to rethink their response…
How to Manage Dual Sanctions Compliance Post Brexit Addition of UK Regime to EU Regulation
Brexit created a number of regulatory compliance challenges for financial institutions in the UK, not least a change to sanctions regulation that is set out in the Sanctions and Anti-Money Laundering Act 2018, and is fundamentally different to EU sanctions regulation. If your organisation falls within scope of the new UK sanctions regime or both…
Mirato Raises $9 Million to Fund AI-Based Supplier Risk Platform
In another indicator of the market’s acceptance of AI, Tel Aviv-based Mirato has raised $9 million to support the development and commercialization of its third-party risk management (TPRM) platform. With regulators intensifying their scrutiny of financial institutions’ relationships with external suppliers – with regulations like GDPR addressing privacy concerns, for instance – Mirato’s offering helps…