RegTech Insight Financial Crime, KYC & AML The latest content from across the platform
Accuity Upgrades Financial Crime Screening Solution
Financial crime compliance specialist Accuity has enhanced its account screening and alert management platform ‘Firco Screening Insight – for accounts’ to include new data offerings, improved list management capabilities, and integration with third-party case management solutions. The improvements are designed to reduce false positives, improve accuracy and track the latest regulations and watchlists. According to…
Recorded Webinar: Client Experience and Onboarding For Transfer Agents: How to ensure you deliver a seamless client experience and differentiate your services
Clients expect you to seamlessly deliver a range of transfer services. They expect you to delight their investors and ensure you have a robust onboarding and compliance process in place. They also want you to help them ensure they comply with shareholding obligations and corporate actions. With digital expectations becoming ever higher, how will you…
RegTech Spending to reach $127bn by 2024, Says Juniper
New data from Juniper Research forecasts that the value of RegTech spending will exceed $127 billion by 2024, up from $25 billion in 2019. This growth will be driven by a dramatic rise in the automation of resource-intensive tasks, such as those involved in KYC (Know Your Customer) checks and increasing use of AI in…
RegTech Summit London Fast Approaching – Have You Booked Your Place?
The third annual edition of A-Team Group’s highly sought-after RegTech Summit is nearly here! On October 3, 2019 industry leaders, regulators, practitioners and providers will converge on the etc.venues at St Paul’s London to discuss the most innovative and effective approaches for building a better regulatory environment. This year is our strongest line-up yet, with…
Refinitiv and Trulioo Partner on New Digital Identity Product for KYC
Refinitiv today launched Qual-ID, a new solution combining digital identity verification and document proofing from Trulioo with risk screening from its World Check database to help improve digital onboarding of consumers and compliance with KYC and anti-money laundering (AML) regulations around the world. The launch follows the decision earlier this year to withdraw the firm’s…
Luxoft Forms Strategic Alliance with Fenergo
Luxoft, a DXC Technology company, has become a Global Platinum Member of client lifecycle management (CLM) specialist Fenergo’s partner ecosystem. Luxoft will offer Fenergo’s client community members professional consulting services to enable the rapid systems integration and deployment of Fenergo’s platform and suite of digital capabilities. The Fenergo ecosystem currently consists of 300 global organisations,…
Global AML Fines Quadruple in 2019, Could Break Records
New analysis from KYC solutions provider Encompass Corporation has found that a total of $8.07 billion of anti-money laundering (AML) fines were imposed globally between January 1 to August 31 this year – approximately 4.3 times higher than the $1.87 billion handed out over the same period in 2018. Over the four months May to…
Q&A: RegTech Firms Should Be Regulated by the FCA, Says Jane Jee
Jane Jee, CEO at Kompli-Global, has some strong views on the current challenges facing the RegTech industry, and what the regulators themselves could do to fix them. Here, she speaks candidly to RegTech Insight about her views on building a robust RegTech industry in a post-4MLD/5MLD (EU Money Laundering Directive) world. What do you consider…
Global RegTech Industry Tops $5bn, But More Collaboration is Needed
The global RegTech industry generated an estimated $5 billion in revenue last year, as regulatory changes and technological advancements drove a surge of new startups in the past five years – according to a new Global RegTech Industry Benchmarking Report released this week by the Cambridge Centre for Alternative Finance (CCAF). Sponsored by EY Japan…
Nice Actimize Launches AI-driven Managed Analytics Service
Financial crime management specialist Nice Actimize has expanded ActimizeWatch, its secure cloud-based managed analytics service, to its Financial Markets Compliance solutions. Leveraging its cloud-based financial crime risk management Platform-as-a-Service, X-Sight, ActimizeWatch provides scalable analytics automation and a two-prong approach that includes Model Optimization and Development Services and Anomaly Detection. Both functions are offered as overlays…