Author: RegTech Expo

Explore the RegTech Revolution

Uber announces deeper push into financial services with Uber Money

Ride-hailing giant Uber is making a deeper push into financial services. The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will be expanding Uber’s efforts to give its 4 million-plus drivers…
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6th November 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

ESMA and the FCA respond to yet another Brexit delay

Brexit has been delayed again, with the EU granting the UK another three-month extension to sort out its divorce from the other member states. The EU granted the extension until January 31 on Monday this week. Donald Tusk, the EU council president, warned that this delay “may be the last one”. Now, both British and…
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1st November 2019 0

Wirecard launches payment app boon Planet

Wirecard has announced the launch boon Planet, a payment app with neo-banking services. Users can manage their entire everyday financial life within the app and will benefit in the future from additional services such as insurance, mobility, and loyalty features, along with additional financial services. With boon Planet, a fully comprehensive digital bank account can…
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31st October 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

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

Innovative Technology That Works for Compliance

Most organizations think their compliance training efforts reduce regulatory fines; however, a 2016 survey found only 66 percent of organizations measure the effectiveness of their compliance training. Considering the cost of compliance violations, you would think more organizations would want definitive performance improvement data. So, why not measure? Often, it’s simply a lack of infrastructure.…
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24th 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

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