Tag: compliance

Explore the RegTech Revolution

50% of Hong Kong consumers happy to share financial data with 3rd-parties

Half of consumers in Hong Kong are happy to let third-parties access their financial data so they can access more personalised banking services and higher returns, according to a study from Accenture. Accenture, a financial solution developer, conducted an online survey of 2,010 Hong Kong consumers late last year, with results showing opportunities open banking…
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18th January 2019 0

IBM-Backed Blockchain Platform to Improve Supply Chain Management in Mining Industry

Major tech firm IBM has partnered with MineHub Technologies to deliver a blockchain solution that will improve supply chain management in the mining and metals industry. IBM announced the initiative in a press release published Jan. 16. MineHub is a company that uses technologies including blockchain to develop cost-saving applications for the metals and mining…
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17th January 2019 0

Singapore to Launch Automated Litigation Work Platform For Prosecutors, Set to Embrace AI

Singapore’s main prosecuting body, the Attorney General’s Chambers, or AGC, which looks after crime and financial sector cases, is to launch an automated litigation analysis work platform to improve efficiency in its courts. It is also set to embrace large scale text analytics for major evidence reviews. And, the important South East Asian legal centre…
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11th January 2019 0

Amphora announces certified native integration with CubeLogic

Enables Symphony CTRM users to seamlessly leverage the market leading KYC onboarding, business process management and credit risk management capabilities of the RiskCubed platform   Wednesday 24th October 2018 – Houston and London. Amphora, a leading vendor of multi‑commodity trading and risk management solutions to streamline operations, reduce transaction costs and manage financial and physical…
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24th October 2018 0

DLT can help banks boost regulatory compliance – Euro Banking Association

Distributed ledger technology has huge potential to improve regulatory compliance processes, according to a report from the Euro Banking Association. Cryptotechnology-based regtech answers could be particularly attractive for KYC data management, says the EBA report, because current processes are often fragmented and redundant, leaving financial institutions with higher costs and dissatisfied customers. José Vicente, chair,…
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23rd October 2018 0

Six-fold increase in RegTech spending forecast by 2023

Regulatory technology investment is set to explode over the next few years, with spending forecast to jump six-fold by 2023 as firms encounter a growing number of compliancy challenges. That is according to a new report from Juniper Research, which predicts that spending on RegTech platforms will increase from an estimated $18bn (£14bn) this year…
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22nd October 2018 0

Ripple to launch payment service, XRP price surges 74%

Ripple has major institutions and companies — including MoneyGram, Western Union, Mercury FX and Cambridge Global Payments — testing xRapid, which could use the XRP token. The price of XRP, the cryptocurrency associated with Ripple — a company that uses blockchain for providing financial services — has spiked by almost 74 percent in four days.…
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16th October 2018 0

CUNA taps Quantivate to provide technology for new compliance platform

The Credit Union National Association (CUNA) recently hired Quantivate to provide the technology platform for its new regulatory compliance system for credit unions. In 2017, the CUNA Board commissioned the development of a regulatory compliance management system technology platform given the number of new rules imposed by federal and state regulators. Through market analysis, CUNA…
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12th October 2018 0