Tuesday, January 26, 2021

Financial services firms expect regulatory burden to increase

The actual number of significant pieces of financial regulation governments have issued has slowed, but the existing regulation is becoming more complicated. Read more: uk.businessinsider.com

ThreatMetrix nabs $30m to expand fraud prevention

Anti-fraud security company ThreatMetrix has raised $30m in what it describes as a mezzanine growth capital round. The funding comes from existing backer Silicon Valley Bank. Read more: www.fintechroundup.com

Smart contracts in RegTech?

Faisal Khan on how the world can benefit from regulator initiated smart contracts on the blockchain. Read more: www.banknxt.com

Evolving the AML compliance officer into a tech expert

As Anti-Money Laundering (AML) regulations and expectations have continued to grow and change so too have the expectations of AML Officers and their teams. Read more: www.finextra.com

FCA seeks to use RegTech to lessen reporting burden

Regulator sees technology as a solution to high costs and inefficient processes. Read more: www.ftadviser.com

Fingerprint algorithm for smart cards succeeds

The Neurotechnology MegaMatcher On Card algorithm for fingerprint matching on a smart card is compliant with the same NIST MINEX III criteria. Read more: www.prnewswire.com

PayPal receives subpoenas over anti-money-laundering compliance

PayPal said Wednesday it had received subpoenas from the US Justice Department over its anti-money-laundering compliance program. Read more: www.wsj.com

Doing RegTech right

So far 2016 has been one of the most contentious years since the G20 agreed the regulatory reform agenda seven years ago. Read more: www.bankingtech.com

Regulatory and business challenges to FinTech M&A

FinTech's wealth of opportunities is attracting interest, yet the uncertainty of its direction means the financial services industry needs to tread carefully. Read more: www.jdsupra.com

Strong digital identity verification is key to AML requirements

As banks and payments companies endeavor to meet anti-money laundering regulations, identifying customers becomes paramount to their success. Read more: www.pymnts.com