Category: data protection

Explore the RegTech Revolution

equensWorldline helps 25 European banks reach first PSD2 compliance milestone

equensWorldline, a European card and payment processor, has helped 25 European banks reach the first milestone of PSD2 compliance. These financial institutions have become some of the first to get their testing facilities ready for the PSD2 deadline, being on track with the European Banking Authority (EBA) and corresponding National Competent Authorities timetables. The 25…
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12th June 2019 0

Protecting Data Flow in Shifting Privacy Regulations

In the face of political uncertainty, organizations are challenged every day to keep the personal data they hold safe across their entire ecosystem. They must be sure that their partners, suppliers and other third parties are also keeping the organization’s data safe. As well, the growth of technologies such as machine learning and artificial intelligence…
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11th June 2019 0

IDEX Biometrics partners with Tongxin Microelectronics to create biometric card

IDEX Biometrics fingerprint identification and authentication solution builder, is collaborating with Tongxin Microelectronics (TMC) to create a biometric card. TMC, a China-based smart card builder, will work with IDEX to build a biometric smart card solution for end-customer implementation. The card will be a dual-interface solution which combines the biometric sensor of IDEX with the…
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10th June 2019 0

Visa says payment industry can move away from using passwords

World Password Day was “observed” last month and there is no better time to acknowledge that the computer password is over 50 years old. It was invented by Fernando Corbato in the 1960s. Since then, other ways for consumers to authenticate their identity have been developed and according to a Euromonitor study, occurred 52 trillion…
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6th June 2019 0

ThreatLocker to supply cybersecurity tools to ConnectWise under new deal

ConnectWise deploys business management technology to improve a range of business operations ranging from sales and services through to project tracking and back-office functions. With the integration of ThreatLocker, the clients that use managed IT service providers will be able to access new solutions such as application whitelisting, ringfencing and storage device control. ThreatLocker gives…
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30th May 2019 0

MistNet closes $7m Series A alongside new product launch

Threat detection and response platform MistNet has closed its $7m Series A, alongside the launch of a new service. Silicon Valley-based venture capital firm Foundation Capital led the investment, which also received support from WestWave Capital and an unnamed networking and security company. These fresh funds will be used to support MistNet’s rapid growth in…
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27th May 2019 0

Invixium Access nets $1m investment from Connecticut Innovations

Invixium Access, a developer of biometric solutions, has received a $1m investment from Connecticut Innovations. The RegTech company has received the initial $665,000 of the investment, it is unclear when the remaining amount will be deployed to the company. Capital from the round will be used to further the evolution of its software and data…
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23rd May 2019 0

ASIC encouraging financial firms to adopt regtech

The Australian Securities and Investments Commission (ASIC) has announced three events in Sydney aimed at encouraging financial services firms to adopt regulatory technology (regtech) solutions. The corporate watchdog’s announcement states that the events are opportunities for regtech providers of all sizes to showcase their solutions to representatives from government, finance, technology, media and other relevant…
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20th May 2019 0

Will KYT drive technology innovation in banking compliance?

From KYC to KYT: the need to “know your transaction” Know your customer (KYC) forms the bedrock of financial crimes compliance, from customer identification and acceptance to monitoring customers’ transactions against their recorded profile, expected behaviour and peer group behaviour. So understandably, customer profile creation and risk classification become the starting point of banking compliance.…
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15th May 2019 0

What is Sustainable Finance and how will impact the EU’s new rules impact financial services?

What is sustainable finance and what are the consequences for the existing or future governance framework of financial institutions? While the EU’s fight against climate change through changes to the regulatory structure is in full swing, the financial services industry is only at the beginning of the paradigm shift that will change the way it…
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10th May 2019 0