Category: financial market

Explore the RegTech Revolution

Hong Kong, Singapore and Japan have jointly launched the ‘APAC RegTech Network

The regtech committees of the fintech associations of Hong Kong, Singapore and Japan have jointly launched the ‘APAC RegTech Network’, an initiative to enhance cross-border collaboration on regtech education and implementation across the Asia Pacific region. Under the initiative, the regtech committees of the FTAHK (Fintech Association of Hong Kong), SFA (Singapore Fintech Association) and…
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27th August 2019 0

Visa releases new security tools to combat payment fraud

Visa has released a suite of security capabilities which will help prevent and disrupt payment fraud. The new payment security services protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting financial institutions and merchants. Its services are available to Visa clients at no extra cost or signup. A study commission…
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23rd August 2019 0

What is strong customer authentication and why should you care?

The EU is enforcing new rules for online payments on September 14. For creative RegTech and FinTech businesses, the new legislation could present massive opportunities. Things are about to change in a big way for financial services companies. On September 14, 2019, the EU’s Revised Payment Service Directive (PSD2) will be fully implemented. Parts of…
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16th August 2019 0

Paychex launches cyber liability product

Paychex has launched cyber liability protection which will help companies with costs from data breaches, hackers, ransomware and banking fraud. The new policy helps businesses mitigate the potential financial impacts of cyberattacks, with access to 24/7 crisis management. Policyholders get protection for potential fines or penalties from state or federal agencies if they are found…
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15th August 2019 0

Regtech start-up doubles staff, opens London and New York offices

ComplyAdvantage said its move ‘services the growing demand for modern compliance solutions’. Regtech start-up ComplyAdvantage has opened offices in London and New York to “strengthen its foothold in major global financial markets”. The firm has just moved to new headquarters in London’s Covent Garden and opened a new office in Bryant Park, New York, with…
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14th August 2019 0

ACI Worldwide announces new RegTech tools to comply with upcoming strong customer authentication rules

Florida-based ACI Worldwide is releasing a new suite of tools to ensure businesses are prepared for the final parts of the EU’s Revised Payment Service Directive (PSD2) snapping into action in September. The new rules will introduce regulations regarding strong customer authentication, or SCA. This means customers will have added protection when paying online. When…
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30th July 2019 0

How Wealth Managers Are Using Technology To Understand Their Clients Better

The dynamic playing out across the banking landscape—from retail to private wealth management—is one where technology-driven offerings and platforms increasingly define the brand and the personal relationships underlying the business. Services have been changing since the arrival of digital platforms and the deployment of technologies like artificial intelligence. Now it’s vital for wealth managers to…
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25th July 2019 0

European Central Bank Exec: Libra Won’t Launch Until Regulators Are Satisfied

Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied. Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before it can launch: “You’ve got…
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24th July 2019 0

Kalyera and Epiphany join forces in new partnership ahead of the September PSD2 deadline

The final rules of the EU’s Revised Payment Service Directive (PSD2) snap into action in September. Now Kaleyra, an in-mobile messaging service for banks and companies, and Epiphany, a RegTech startup specializing in PSD2 compliance have joined forces to ensure financial services businesses can comply with the changes. However, the two will do more than…
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23rd July 2019 0

Major Storm Clouds On The Digital Banking Horizon

All of the major trends and predictions move traditional banking organizations towards the ultimate goal of digital transformation. The need to ‘become digital’ is not a matter of ‘if’, but ‘when’. The challenge is that, while the consumer expects the banking industry to follow the lead of technology and fintech leaders, most banking organizations fall…
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15th July 2019 0