Tag: banking

Explore the RegTech Revolution

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

UK heading to CASHLESS future ‘SOONER than we think’ – but consequences could be DIRE

BRITAIN could be heading towards a cashless future “sooner than we think” as debit cards continue to overtake physical money as our main payment method. The number of people using notes and coins has more than halved compared to figures from 20 years ago, according to This is Money, with forecasts predicting just one in…
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19th October 2018 0

Bank of England raises alarm over surge in high-risk lending

Central bank draws parallels to 2008 financial crisis in warning about leveraged loans. The Bank of England has issued a stark warning over the rapid growth in lending to indebted companies around the world, drawing parallels with the US sub-prime mortgage market that triggered the 2008 financial crisis. Threadneedle Street said Britain was not immune…
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18th 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