Tag: regulations

Explore the RegTech Revolution

equensWorldline helps 25 European banks reach first PSD2 compliance milestone

equensWorldline, a European card and payment processor, has helped 25 European banks reach the first milestone of PSD2 compliance. These financial institutions have become some of the first to get their testing facilities ready for the PSD2 deadline, being on track with the European Banking Authority (EBA) and corresponding National Competent Authorities timetables. The 25…
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12th June 2019 0

Protecting Data Flow in Shifting Privacy Regulations

In the face of political uncertainty, organizations are challenged every day to keep the personal data they hold safe across their entire ecosystem. They must be sure that their partners, suppliers and other third parties are also keeping the organization’s data safe. As well, the growth of technologies such as machine learning and artificial intelligence…
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11th June 2019 0

85% of EU consumers are unaware of PSD2 – Mastercard study

A study from Mastercard has revealed 85 per cent of consumers in the EU are not aware of PSD2 or have very little knowledge of it. The final deadline of PSD2 is in September and with it will come a range of new financial services for consumers to improve their financial experiences. When an act…
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5th June 2019 0

Invixium Access nets $1m investment from Connecticut Innovations

Invixium Access, a developer of biometric solutions, has received a $1m investment from Connecticut Innovations. The RegTech company has received the initial $665,000 of the investment, it is unclear when the remaining amount will be deployed to the company. Capital from the round will be used to further the evolution of its software and data…
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23rd May 2019 0

The Real Value of RegTech

The number of startups in the field of regulatory technology (RegTech) is growing steadily and for good reason. As regulatory complexity increases, so does the need for technology-enabled solutions that allow regulatory requirements to be met more efficiently. But that’s not all. It is also the proliferation of digital services and products that require new…
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21st May 2019 0

The Innovation Race With Fraudsters Worldwide

For every innovation in payments and commerce worldwide – faster payments, marketplace-based commerce, self-service retail – there always seems to be a fraudster waiting in the wings. And while the opportunities for innovative advancements are many, the costs of fraud are high and growing. Which is why the new race in the market is applying next-generation…
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13th May 2019 0

Cappitech launches new tool to support MiFID II compliance

Regulatory reporting and intelligence solution developer Cappitech has released its new RTS 28 Market Intelligence solution. The new service gives financial institutions the power to leverage compliance data with electronic surveillance and analytics tools to assess its best execution capabilities in all asset classes and benchmarks performance to the industry average. MiFID II reporting standard…
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16th April 2019 0

Regtech firms look to help shoulder compliance demands

As regulators globally continue to demand that firms strengthen their risk management systems, regtech entrepreneurs see technology as the answer to rising compliance costs and an opportunity to boost trust with clients. Regulated entities support their ambitions, but the slow pace of adoption is a concern. The global wave of regulation is expected to continue…
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15th April 2019 0

Over a million UK businesses see Brexit as major obstacle to success

The number of small and medium-sized enterprises (SMEs) that view Brexit as a major obstacle to success has increased significantly since the referendum, according to research published in the journal Regional Studies by Ross Brown and John Wilson from the Centre for Responsible Banking & Finance at the University of St Andrews and Jose Liñares-Zegarra,…
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12th April 2019 0

Varo Money gets NICE anti-fraud tech

Varo Money, the US challenger bank, has selected NICE Actimize to implement its financial crime strategy for anti-money laundering (AML) protections, including know-your-customer (KYC) requirements, sanctions screening and transaction monitoring capabilities. Varo will integrate NICE Actimize’s AML Essentials, a software-as-a-service (SaaS) AML solution that detects and scores a range of banking activities, including customer due…
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10th April 2019 0