Tag: innovations

Explore the RegTech Revolution

Navigating the Fog of RegTech Innovation

As with all markets, the RegTech market comprises buyers and sellers – buyers being the regulated institutions dealing with the challenges of ever-increasing regulation and the sellers are the RegTech vendors, offering innovative technological solutions to help regulated firms meet those challenges. Sitting between both sides of the market, here at RegTech Associates we are…
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12th September 2019 0

Payments modernization: Addressing threats and assessing new opportunities

Payments modernization initiatives around the globe have long been a topic of huge interest and are at different stages of implementation in different countries. Time and again, it has proven to be a catalyst for the transformation that has fueled innovation. Canada is now completely into this modernization party, driven by the modernization agenda and…
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9th September 2019 0

Crypto exchange and wallet platform Edge expands to Australia, Israel and Nordic Countries

Non-custodial crypto exchange and wallet platform Edge has released its 1.9.1 version which includes integrations with new partners: Banxa, Bits of Gold, CoinSwitch, FIO, Safello, and Tezos. The latest update enables full-service offering usage and payment methods in new regions, allowing users to effortlessly access and trade different digital currencies. According to a press release…
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5th September 2019 0

Data-driven regulation and compliance is the key to a successful future financial services industry

Data-driven regulation and compliance is the key to a successful future financial services industry With regulators being the ‘public champion’ for new data technologies, this paper explores the automation of regulation and compliance and areas that offer significant potential to transform services and support the work of regulators. The data science technologies of artificial intelligence…
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2nd September 2019 0

The Bank of the Future: What Will It Be?

The bank of the future will essentially be a “data company that is inclusive and leverages technology and ecosystem partnerships to deliver value for the customer’s financial and non-financial digital ecosystem in a seamless manner.” The banking organization of the future will be a value aggregator, advice provider, and access facilitator – all in one.…
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29th August 2019 0

The one job in banking the robots can’t take

Regulators, frustrated with the slow speed of change, have encouraged banks to deploy more technology. Picture: Shutterstock When HSBC thwarted a $500 million central-bank heist, sophisticated computer software didn’t raise the alarm. The funds flowed undetected from Angola’s reserves to a dormant company’s account in London. It was a teller at a suburban bank branch…
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28th August 2019 0

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

Jumio joins NICE Actimize’s X-Sight Marketplace to assist companies with AML

Digital identity startup Jumio has joined NICE Actimize’s X-Sight Marketplace, an ecosystem designed to assist in financial crime management. The X-sight Marketplace is an extension of NICE Actimize’s X-Sight platform-as-a-service, a single, and unified system helping financial services innovate and implement new tools for financial crime, risk, and compliance management. Through its X-Sight Marketplace, financial…
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22nd August 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