Author: RegTech Expo

Explore the RegTech Revolution

Facebook might launch a cryptocurrency in the first half of 2019

We know Facebook has been hiring cryptocurrency experts and building a blockchain team for a while, but the scope, aims, and timeline of the project are all unknown. A new report by the New York Times claims Facebook is planning to launch its own cryptocurrency as early as the first half of this year. According…
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14th March 2019 0

iSign International works with SoftPoint to create ‘unhackable digital wallet’

US-based cybersecurity solution developer iSign International has partnered with SoftPoint to build a secure, ‘unhackable’ digital wallet. By working together to create qkerPAY, the companies are hoping to give consumers and businesses a secure platform for online and offline payments. The new solution claims to be unhackable and this is achieved by utilising iSign’s six-factor…
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13th March 2019 0

The rise of ‘GiantTech’ poses a giant test for regulators

It’s almost become a distant memory, the near collapse of the financial system. Regulators were overwhelmed by increasing technical complexity, competitive product innovation run amok and global financial institutions that leap-frogged sovereign regulatory boundaries. Regulators, with no global framework to conduct oversight and decades of laissez faire regulation, had neither the tools nor the manpower…
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12th March 2019 0

How can banks build a genuine, effective digital culture?

The huge global increase in connectivity, prompted by the launch of mobile devices, has affected banks just as much as retailers. As a result, financial institutions have had no choice but to put digital at the front and centre of their strategies – using technology to enhance the customer journey at every touch point, personalising…
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11th March 2019 0

Smart Home Threats: Securing Your IoT Devices Against Cybercrime and Oversharing

Protect Your Smart Home The Internet of Things (IoT) encompasses the billions of devices that are connected to the web all over the world. Smart home devices, like virtual assistants, make our lives more convenient but can also present serious security risks and personal intrusion. With over 7 billion connected IoT devices in use worldwide…
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8th March 2019 0

CubeLogic acquires Energy and Commodity Surveillance provider FERDEC

Transaction surveillance capabilities to be fully integrated within the RiskCubed risk management suite of solutions Thursday 7th March 2019 – London and Berlin. CubeLogic, the leader in business intelligence (BI) enabled risk management solutions, announces the completion of a significant acquisition of Berlin based FERDEC. FERDEC provide market leading transaction surveillance solutions for Energy and…
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7th March 2019 0

Risk, finance and regulatory reporting: adopting an integrated approach

Certain features are essential for handling the soaring amounts and types of data demanded by regulators, but others depend on each firm’s particular circumstances. That’s according to Jeroen Van Doorsselaere, VP, global risk and finance, for Wolters Kluwer’s finance, risk and reporting business. The financial services industry has gotten used to the idea that regulators…
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6th March 2019 0

Data breaches reported by UK financial services increases by 480%

The amount of data breaches reported by UK financial services to the Financial Conduct Authority (FCA) increased by 480 per cent last year, a study from RPC claims. Figures increased to 145 in 2018 up from 25 in 2017, of which, the retail banking space seeing the largest percentage growth in breaches. In 2017, there…
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5th March 2019 0

Visa and Mastercard could raise interchange fees

According to a report from the WSJ, Visa and Mastercard are considering raising interchange fees on card transactions in the U.S. Visa and Mastercard generate most of their revenue from these small processing fees, and it could have implications for merchants and fintech startups. When you pay with a credit or debit card, merchants pay…
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4th March 2019 0

SoftBank, TBCASoft work together to create blockchain-based identification services

SoftBank and TBCASoft have launched a blockchain-based identification and authentication working group under the Carrier Blockchain Study Group (CBSG). TBCASoft has created a new foundation application framework called CrossCarrier Identification System (CCIS), which supports the establishment of identification and authentication services. This working group will collaborate with the global consortium of telecom blockchain companies of…
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1st March 2019 0