Category: Security

Explore the RegTech Revolution

Kaspersky Eyes to Tackle Crypto Crimes That Are Costing the Industry Billions

With the total market capitalization of cryptocurrencies estimated to be more than US$200 billion, it’s evident to industry observers that the crypto industry has been rapidly on the rise in recent times. Inevitably, with the rise, comes bad actors who see it as an opportunity profit from it in unscrupulous ways. In the first half…
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3rd December 2019 0

Retailers can’t get enough data scientists

As the retail apocalypse continues – with an estimated 8,600 closing their doors in 2019 – other retail survivors are upping their game with hard-to-find data scientists Retailers are on the hunt for data scientists, now more than ever. Given the rise in online shopping and the cut-throat competition from e-commerce giant Amazon, smaller retailers…
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5th 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…
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4th November 2019 0

National Cyber Security Centre stops over 600 cyber-attacks in the UK across the year

The National Cyber Security Centre (NCSC) has revealed it has protected the UK from more than 600 cyber-attacks in the past year This announcement comes as the NCSC releases its third annual review where it also explains other actions it has taken to protect the public. This includes an initiative to stop hundreds of thousands of people…
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25th October 2019 0

Firms lagging in choosing SFTR systems

A large portion of the market is yet to choose systems for Securities Financing Transactions Regulations (SFTR) compliance due to uneasiness around interpretations of the rules, according to Herve Carrere, director of post-trade product management at Finastra. “We can see that several firms are still in the phase of considering choosing a system, or to…
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23rd October 2019 0

GDPR non-compliance worse than feared

Over half of UK businesses do not yet appear to be fully GDPR-compliant, and many have de-prioritised their compliance efforts  As the European Union General Data Protection Regulation (GDPR) legislation nears its 18 month anniversary, research by security software supplier Egress has suggested that 52% of UK businesses are not fully compliant with the rules,…
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17th October 2019 0

BNY Mellon to add ETFs to agency lending collateral list

BNY Mellon is set to add exchange-traded funds (ETFs) to its collateral list by the end of the year in response to client demands for greater flexibility when collateralizing securities lending transactions. In a report for institutional customers in the US and the Asia Pacific published last week, Simon Tomlinson, global head of agency lending…
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9th 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…
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8th October 2019 0

AISPs: The Future of Money Management

Business models and tech aside, Open Banking companies look set to change the way we handle our cash Since the European Union introduced the second Payment Services Directive – or PSD2 – in January of last year, there’s been an explosion in the number of new financial technology companies entering the market. In the UK,…
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23rd September 2019 0

Ping Identity reveals IPO for the New York Stock Exchange

Ping Identity, an IT security and identity authentication platform, has revealed the initial public offering of its common stock on the New York Stock Exchange under the name PING. The company will issue 12.5 million shares at a price expected to be between $14 and $16 per share. Ping Identity anticipates it will grant the…
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16th September 2019 0