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SmartStream Reveals New Brand Identity
SmartStream Technologies, the financial Transaction Lifecycle Management solutions provider, has launched a new corporate brand identity, including an updated logo and website. The new logo includes the infinity symbol, selected to demonstrate the continual evolution of the business, in line with the rapid pace of industry change. CEO Haytham Kaddoura said: “We are proud of…
NICE Actimize Offers Advanced Facial Recognition Through FACEPOINT
NICE Actimize today announced that FACEPOINT, which provides a biometric risk screening engine offering facial recognition technology for advanced KYC and watch list risk screening, has joined its X-Sight Marketplace. FACEPOINT uses facial recognition to disambiguate potential matches, reduce false positive rates and identify emerging threats such as those posed by unnamed persons of interest…
GRI Calls for Strengthened Sustainability Reporting
The Global Reporting Initiative (GRI), the provider of some of the most widely used sustainability reporting standards around the world, has called for strengthened financial reporting that complements sustainability reporting and takes account of the financial risks and opportunities related to a company’s sustainability impacts – with mandatory disclosure to ensure transparency on corporate contributions…
Global Financial Institution Fines for AML, Data Privacy and MiFID Rise 26%
CLM specialist Fenergo has released its annual findings on global financial institution fines which show that for the year to date, penalties have totalled $10.4 billion for non-compliance with AML, KYC, data privacy and MiFID regulations. The total volume of fines levied to financial institutions for these breaches was 198, a year-on-year increase of 141%….
UK’s RegulAItion Wins Singapore FinTech Accelerator
UK-based data platform company RegulAItion has won the Monetary Authority of Singapore (MAS) 2020 Global Fintech Hackcelerator, competing against over 270 submissions from across more than 40 countries. To secure the win, RegulAItion successfully demonstrated how its ground-breaking AIR platform can enable the financial sector to respond to two of its most pressing global challenges…
Know Your Customer Partners with Refinitiv on AML/KYC Solution
RegTech provider Know Your Customer has confirmed a new partnership with Refinitiv, to integrate Refinitiv’s World-Check risk intelligence data into its own client onboarding solutions. The partnership will enable clients to leverage both Refinitiv’s and Know Your Customer’s solutions through one integrated interface. Compliance professionals will now be able to access Refinitiv’s world-leading financial crime…
DTCC Acquires Sapient’s Platform for Compliance Management Reporting
The Depository Trust & Clearing Corporation (DTCC), which provides market infrastructure for the global financial services industry, has acquired Publicis Sapient’s Compliance Management Reporting System (CMRS). DTCC plans to integrate the system with its own Report Hub service to create a comprehensive pre- and post trade reporting solution. Firms using the newly expanded DTCC Report…
To Buy or Build: Four Considerations for CIOs
By: Niall Twomey, CTO, Fenergo. Before embarking on a CLM (Client Lifecycle Management) digital transformation program, most financial institutions (FI) are faced with the ‘buy versus build’ conundrum; to buy something from a third-party vendor or completely build something internally. There are several factors that need to be considered in this decision making process including…
Are You Ready for Brexit?
Things might be up in the air at the moment around Brexit negotiations, but the UK financial regulators have made it very clear that firms must be ready for the final deadline on December 31, 2020 or risk facing the consequences. Firms that don’t prepare in advance for the changing regulatory environment could face tough…
Five Misconceptions About KYC Compliance in 2020
By Ian Henderson, CEO, Kyckr. Know Your Customer compliance suffers from a problem of unintentional secrecy. Everyone knows that organizations are responsible for meeting their KYC and AML obligations and keeping up with KYC best practices, but that’s becoming harder and harder to do. KYC is not simply a matter of going down a list and…