Author: RegTech Expo

Explore the RegTech Revolution

Red Deer and Cappitech combine MiFID II and MAR services for the buy-side

Compliance technology providers Red Deer and Cappitech will offer each other’s services to their respective clients for a more integrated solution. Technology providers Red Deer and Cappitech have teamed up to combine their services to provide investment firms with a holistic regulatory compliance solution. The partnership will see Red Deer and Cappitech offer each other’s…
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22nd January 2020 0

The Process of KYC and its Future in an Evolving World

Complying with KYC does not entail one single check, but rather, is a series of processes that combine to ensure the verification of an individual’s identity and the analysis of their suitability to use financial services. The main stages that make up this process are identification, Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).…
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21st January 2020 0

FCA takes control over AML and CTF supervision of UK cryptoasset activities

UK businesses conducting cryptoasset activities must register with the FCA. The UK Financial Conduct Authority (FCA) has become the anti-money laundering and counter-terrorist financing (AML/CTF) supervisor for businesses engaging in certain cryptoasset activities under the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs). Any UK business conducting specific cryptoasset activities falls…
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17th January 2020 0

How to build a culture of compliance

Regulated financial institutions need to ensure that they are putting policies and procedures in place to effectively mitigate their exposure to risk. With scrutiny around regulatory compliance increasing, regulated financial institutions need to ensure that they are putting policies and procedures in place to effectively respond to, and mitigate, their exposure to risk; with substantial…
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16th January 2020 0

Why Prioritizing Cybersecurity Makes Compliance Easier

Every month in 2019, a new high-profile data breach made headlines. More than a billion customers of various companies had their private information stolen by hackers or exposed to unsecured servers. This poor management of private data angered many – including lawmakers. New data privacy laws in California and New York take effect this year– and…
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15th January 2020 0

Mastercard turns to AR to visualize loyalty benefits

Payments giant Mastercard launched a new augmented reality (AR) app this month that lets cardholders get a bird’s-eye view of their benefits. It’s a move that the company hopes will drive engagement and loyalty, and add value to the offerings of its partner financial institutions. “At Mastercard, we’re using our technology and solutions to deliver multisensory…
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14th January 2020 0

UK Financial Watchdog Now Supervises AML/CTF Compliance For Businesses

The well known and popular UK financial watchdog which is the Financial Conduct Authority (FCA) is now actively supervising the anti-money laundering (AML) and counter-terrorist financing (CTF) compliance for companies which are carrying out crypto-related activities. The Bitcoin and altcoin news feature an official announcement published on January 10 which outlines that FCA will supervise…
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13th January 2020 0

ESMA’s new responsibilities for 2020

The European Securities and Markets Authority (ESMA) has revealed an increased focus on supervisory convergence in 2020. Outlined in its new ‘Strategic Orientation for 2020-22’, the regulator has revealed the new responsibilities and powers it will have over the next couple of years following the ESA Review and EMIR 2.2. Last year, the Joint Committee…
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10th January 2020 0

Spotting suspicious transactions: Why automation is the future of compliance

The compliance side of Fintech is Regtech, and the same automation technology can drive the growth of safe, legal digital payments. Southeast Asia’s Internet economy—the fastest and largest growth in the world—is primed for explosive growth. A report by Google, Temasek and Bain & Company found the region’s Internet economy to have crossed the US$100…
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9th January 2020 0

US blockchain firm Securrency secures $17m funding

Fintech and regtech infrastructure firm Securrency has picked up Series A funding of $17.65 million for its blockchain-fuelled ambitions. WisdomTree Investments led the round. Other participants include the Abu Dhabi Investment Office through its Ventures Fund, Japanese financial services company, Monex Group, and venture capital firms RRE Ventures, Strawberry Creek Ventures, and Panthera Capital Investments,…
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8th January 2020 0