Category: data management

Explore the RegTech Revolution

Data-driven regulation and compliance is the key to a successful future financial services industry

Data-driven regulation and compliance is the key to a successful future financial services industry With regulators being the ‘public champion’ for new data technologies, this paper explores the automation of regulation and compliance and areas that offer significant potential to transform services and support the work of regulators. The data science technologies of artificial intelligence…
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2nd September 2019 0

Axonius nets $20m to support of cybersecurity asset management platform

Cybersecurity Asset Management company Axonius has netted $20m in its Series B round which was led by new investor OpenView. Existing backers of Axonius including Bessemer Venture Partners, YL Ventures, Vertex, WTI, and Emerge, also contributed funds to the round. The new proceeds bring Axonius’ total equity raised to $37m. The funding comes just months…
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30th August 2019 0

Visa releases new security tools to combat payment fraud

Visa has released a suite of security capabilities which will help prevent and disrupt payment fraud. The new payment security services protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting financial institutions and merchants. Its services are available to Visa clients at no extra cost or signup. A study commission…
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23rd August 2019 0

Jumio joins NICE Actimize’s X-Sight Marketplace to assist companies with AML

Digital identity startup Jumio has joined NICE Actimize’s X-Sight Marketplace, an ecosystem designed to assist in financial crime management. The X-sight Marketplace is an extension of NICE Actimize’s X-Sight platform-as-a-service, a single, and unified system helping financial services innovate and implement new tools for financial crime, risk, and compliance management. Through its X-Sight Marketplace, financial…
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22nd August 2019 0

Digital Transformation: Beware the Legal Details

Digital transformation can be a prime opportunity for a company’s growth and development, however, it can also be a prime opportunity for cybercriminals, according to Dan Hanson, SVP of management liability & client experience with Marsh & McLennan Agency. Cybercriminals have found that targeting companies when they are in a state of flux, such as…
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20th August 2019 0

Four Guidelines For Success In Innovation In Digital Transformation

A problem afflicts many companies undertaking transformation: they aren’t ready for innovation. But they need innovation to change their competitive positioning in the market. Today, many companies want their IT organizations to partner with the business to create opportunities for innovation and supportive services that drive transformation. And they look to their procurement chief or…
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19th August 2019 0

What is strong customer authentication and why should you care?

The EU is enforcing new rules for online payments on September 14. For creative RegTech and FinTech businesses, the new legislation could present massive opportunities. Things are about to change in a big way for financial services companies. On September 14, 2019, the EU’s Revised Payment Service Directive (PSD2) will be fully implemented. Parts of…
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16th August 2019 0

Paychex launches cyber liability product

Paychex has launched cyber liability protection which will help companies with costs from data breaches, hackers, ransomware and banking fraud. The new policy helps businesses mitigate the potential financial impacts of cyberattacks, with access to 24/7 crisis management. Policyholders get protection for potential fines or penalties from state or federal agencies if they are found…
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15th August 2019 0

Is RegTech encouraging a cloud revolution?

The deployment of new applications and the migration of core systems onto the cloud is in full swing, and financial institutions (FIs) could arguably soon be free of the legacy shackles that prevent them from moving forward into the age of digitalisation. However, before this can happen, FIs must identify the operational risks involved with…
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1st August 2019 0

The ethical use of data for training machine learning technology

Adoption of AI technology is accelerating at a rapid rate. Gartner has forecast that by 2020, AI will be a top-five investment priority for more than 30 % of CIOs. A McKinsey study estimates that tech companies are spending somewhere between $20bn and $30bn on AI, mostly in research and development. While the social utility…
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31st July 2019 0