Category: data protection

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

HSBC claims hyper-personalised banking will be driven by digital ID

A new report from HSBC reveals that the traditional products-based approach in retail banking will be replaced by hyper-personalised services, where customer personal data will be collated to form a central digital ID. ‘Banking of the Future: Finance in the Digital Age’ explores how banks will act as trusted brokers of data and offers will…
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13th 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

Payments Regulation – Restriction or Growth Opportunity?

The platform economy and cryptocurrency spaces are booming global industries. But as a result of regulatory changes, they’re not easy spaces to penetrate. PSD2 was introduced in January 2018, dictating that non-regulated businesses who held customer funds were no longer acting compliantly. Prior to this, businesses had been able to hold funds citing the Commercial…
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29th October 2019 0

7 Tech Trends to Watch Out for In 2020

This current year has already ushered in a tidal wave of tech innovations, from the rise of social robots and personal assistants to Amazon Prime’s one-day delivery gamble and the proliferation of voice search. The latter alone became a $1.8B retail segment in the US in 2017 and is predicted to rise to around $40B by 2022. Amazon Prime’s…
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22nd 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

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…
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10th 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

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

The European Commission’s latest move means the UK will face stricter finance regulations after Brexit

Europe’s political top dogs have laid out the EU’s regulations regarding cross-border financial services trade. For Britain, this could mean stricter rules when the country leaves the EU. The European Commission has announced it is taking stock to its rules regarding equivalence in the area of financial services. In short, equivalence means ensuring that the…
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2nd August 2019 0