RegTech Insight Financial Crime The latest content from across the platform

Accuity Adds AI to Financial Crime Compliance Screening

Accuity has introduced an AI-driven account screening capability, Firco Automated Alert Reduction, aimed to increase accuracy in detecting and evaluating screening matches during Know Your Customer (KYC) processes. The solution results from Accuity’s acquisition of Safe Banking Systems in July 2018 and has been optimised through integration with WorldCompliance data. Rather than leaning on manual…

KRM22 Launches Conduct Risk Training Offering through Global Risk Platform

KRM22, a technology and software investment company focusing on risk management in capital markets, today announced a new partnership agreement with Dutch online training firm Entrima to make its online training portal, the Market Abuse Centre, available to buy through the KRM22 Global Risk Platform. The three training programmes available are SMCR, Market Abuse and…

Binance Partners with IdentityMind to Enhance Compliance

IdentityMind, a risk management and RegTech compliance platform offering KYC and AML service including real-time onboarding, transaction monitoring, and case management solution built for digital currency exchanges, in March announced a new partnership with Binance, the world’s biggest cryptocurrency exchange by trading volume and users. As part of a joint mission to help raise the…

A Catalogue of Errors: Regulators Fine Standard Chartered Bank a Further $1.1bn for AML Violations

The UK’s Financial Conduct Authority (FCA) has fined Standard Chartered Bank £102.16 million for Anti-Money Laundering (AML) breaches in two higher risk areas of its business, the regulator announced last week.  US authorities have also fined the bank around $947 million over allegations that it violated international money laundering sanctions against countries including Iran. The…

NICE Actimize Wins New AML Business as it Builds Out AI Capabilities

NICE Actimize is expanding rapidly in the AML space, with a focus on machine learning and artificial intelligence – and a flurry of new business partnerships underline this drive towards AML dominance. With the AML software market set to grow by more than 15% by 2025 (according to the latest research report from Allied Market…

A-Team Insight Launches Comprehensive New RegTech Suppliers Guide

Concerned about meeting your ever more complex regulatory requirements? Confused over the vast array of opaque offerings available? Flummoxed about what your company really needs and where you might find it? Take a deep breath and relax, because help is finally at hand! A-Team Group, via its RegTech Insight channel, is delighted to launch a…

RegTech Suppliers Guide 2019

Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering…

A-Team Group Releases Shortlist for 2019 RegTech Insight Awards

A-Team Group has released a shortlist of potential winners for its hotly anticipated third annual RegTech Insight Awards, to be held in the City of London on May 3, 2019. The awards recognise excellence and innovation in the provision of technology solutions to meet regulatory requirements within the financial services industry, and are uniquely designed…

Lack of Senior Management Buy-in is Prohibiting Digital Transformation, Finds Fenergo

Digital maturity is still a long way off for financial institutions, according to new research by Fenergo, provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions. The findings of Fenergo’s CLM Report, which is the second in a three-part series, showed that fewer than half (40%) of the 250 financial institutions surveyed…

Beam Solutions Issues Warning on Insufficient AML Procedures Across EU Member States

Beam Solutions, a San Francisco-based transaction monitoring platform founded in 2016 by former Facebook and Paypal executives, has warned of widespread Russian money laundering within the EU banking system. In a note published March 18, the software company noted that multiple major European banks were facing allegations of failing to prevent money laundering taking place…