Category: regulations

Explore the RegTech Revolution

For data compliance, banks and payment firms show signs of ‘getting it’

New data protection laws are changing marketing forever for merchants, payment firms and other companies. It started with GDPR, the EU’s landmark privacy regulation that ensured consumers must consent to receive digital communications from corporations. California is next: The California Consumer Privacy Act, modelled largely after GDPR, will go into effect Jan. 1, 2020. As…
Read more


4th December 2019 0

Revolut launches GBP Direct Debits, providing another key service to customers

Revolut has today launched GBP Direct Debits for all EEA customers with local UK account details, the latest feature added to its global financial retail and business platforms, as it continues to scale and build towards becoming a global bank. The new functionality will utilise Modulr’s Direct Debits Mandate service, adding another essential feature that…
Read more


29th November 2019 0

Regtech can help mitigate risk in the property sector

If estate agents want to defeat criminal activity, they must be willing to incorporate more specialised regulatory technology (regtech) into their processes. Regtech that features advanced ‘augmented intelligence’ solutions can significantly ease the legislative burden for businesses. These solutions use hundreds of terms in multiple languages to perform real-time searches on the surface and deep…
Read more


27th November 2019 0

Protiviti and International RegTech Association study sets out roadblocks to effective KYC

Protiviti and the International RegTech Association (IRTA) have released the findings of a global market study they conducted to investigate the effectiveness of current ‘Know Your Customer’(KYC) processes. The study reveals an urgent need for more effective industry alignment to accelerate the digitizing of KYC processes and greater use of shared platforms. KYC processes involve…
Read more


25th November 2019 0

Swiss Regtech Startups in Singapore to Watch

Singapore is one of the world’s largest financial markets, a position it has earned thanks to its business-friendly environment, excellent government support, easy regulation and access to specialist knowledge. And with technology rapidly changing the financial services landscape, it comes with little surprise that Singapore has been putting a lot of effort in turning itself…
Read more


7th November 2019 0

Coinfirm partners with Kroll to help users recover lost or stolen crypto

Pawel Kuskowski, CEO at London-based Coinfirm, a company focused on developing regulations technology, or Regtech, for blockchain-based financial assets, estimates that there’s $10 billion in stolen cryptocurrencies. In order to help victims recover their funds, Coinfirm has partnered with cybersecurity firm Krollwire to launch ReclaimCrypto.com. There’s usually no recourse for people who’ve lost their crypto…
Read more


4th November 2019 0

Give regulators new powers or risk missing net zero, NIC warns

Regulators must be given new powers to ensure utility firms invest in sustainable infrastructure or the UK’s net-zero emissions target is at risk. In a new report, published today (11 October 2020), the National Infrastructure Commission has warned that ministers must move to strengthen power the country’s utility regulators – Ofgem, Ofwat and Ofcom –…
Read more


15th October 2019 0

Beyond the Horizon

As the number of financial advisors continues to decrease, firms must think creatively to breathe new life and excitement into the financial services profession. As the number of financial advisors continues to decrease year after year due to planned retirements, unforeseen events, or simply the frustration of increased regulation, firms must think creatively to breathe…
Read more


11th October 2019 0

New Advanced Fraud Solutions and Automated Systems partnership to improve check fraud protection

Advanced Fraud Solutions (AFS) has formed a strategic partnership with Automated Systems to build support check fraud protection. The partnership will see the integration of AFS’ check fraud prevention solution, TrueChecks, with the Automated Systems’ Insite Online Banking and Mobile Apps. By leveraging the TrueChecks check fraud database, Automated Systems’ bank customers will be able…
Read more


10th October 2019 0

CFTC Says Enforcing Risk-Management Rules Is a Priority

In a first, swaps regulator charges the bank with violating risk-management regulations put in place after the financial crisis The Commodity Futures Trading Commission for the first time charged a bank with violating risk-management rules adopted after the financial crisis, a signal to the industry to bolster internal controls in their swaps businesses. The CFTC…
Read more


8th October 2019 0