Digital challenger Bunq wins “landmark” case against Dutch Central Bank
The firm took the DNB to court earlier this year over the use of AI/ML technology for AML checks.
Anti-Money Laundering/AML
Crypto-powered banking platform BVNK secures Spanish digital asset registration
BVNK is looking to expand across the European Union and beyond.
Orange Bank takes sanctions screening real-time with SAS and Neterium
The AML-CTF platform powered by SAS and Neterium is “a game-changer”, says Orange Bank’s deputy CEO.
MFS Africa implements ThetaRay’s solution to detect financial crimes
ThetaRay says its Sonar solution helps to “effectively identify truly suspicious cases”.
Video: Incode at Sibos 2022 – Identity verification and biometric authentication
We chat with Incode’s Jonathan Andresen about the importance of effective ID verification tech.
Sibos 2022: How to avoid a digital identity crisis
Bianca Lopes makes the case why banks, FIs and regulators should be paying attention to digital identity.
FinTech Futures: Top five stories of the week – 30 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Revolut can offer crypto asset services after FCA AML registration
Revolut, an authorised EMI since 2018, was added to the Financial Services Register on 26 September.
How financial services are following in the footsteps of Amazon with digital identity
The financial services industry must be prepared to completely reimagine the digital experience.
Copper.co taps Fenergo for AML and client lifecycle management solution
Copper will utilise Fenergo’s tech to onboard “increasingly complex” client ownership structures.
Fraud prevention and compliance fintech Sardine nets $51.5m Series B
Sardine boasts a client list of over 135 companies including FTX, Blockchain.com and WealthSimple.
Nigerian fintech Arca taps ThetaRay for AI-powered AML solution
Arca is the first Nigerian fintech to utilise ThetaRay’s Sonar solution.
St James’s Place taps AML regtech Napier for customer screening solution
Napier offers an AI-led platform for AML and trade compliance.
Banking Tech Awards USA 2022 Winners Supplement out now
People, projects & products that demonstrated stellar results, genuine innovation and had a tangible impact.
OneBanx taps regtech PassFort for know your business solution
PassFort says the solution will enable “seamless” onboarding for business customers.
P2P lender Assetz Capital agrees £200m funding partnership with Aeon
Over the next three years, Aeon will pour the cash into SME loans arranged by Assetz Capital.
Does a recession lead to more financial fraud?
A recession brings new challenges to FIs within a changing fraud landscape.
FinTech Futures: Top five stories of the week – 5 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK challenger Monument partners Persistent to build digital banking platform
Persistent’s “building block” approach will allow the challenger to add new SaaS components as required.
Robinhood to cut 23% of staff, crypto unit fined $30m
Robinhood CEO Vlad Tenev says previous staff cuts announced in April “did not go far enough”.
Scottish Building Society taps AML firm Jade ThirdEye to upgrade security
Jade ThirdEye will upgrade the firm’s existing transaction monitoring solution.
Al Rajhi Bank Malaysia taps Feedzai for risk management platform
Feedzai’s RiskOps platform will help strengthen the security of ARBM’s upcoming digital bank offering.
Europe fintech funding round-up: Quartr, ID-Pal, Oper and Fuell
Our weekly fintech round-up for you to get the latest funding news from around Europe.
Recognise Bank taps TruNarrative for digital customer onboarding solution
The RiskNarrative platform will digitise a number of AML and KYC processes via a single API.
Banking Tech Awards USA 2022 Winner: Hamilton Reserve Bank – Best Use of Risk, Compliance & Fraud Protection Technology
Hamilton Reserve Bank and authID on the benefits of seamless and secure digital identity assurance.
AML software firm Lucinity raises $17m Series B funding
Lucinity says the funding will help expand its customer base, partner network and product offering.
Banking Tech Awards USA 2022 Winner: Symphony AyasdiAI – Tech of the Future
AI does not look for a needle in a haystack, but rather for a needle in a stack of needles.
The future of crypto compliance
Exploitation by criminals has brought about a need for more regulation in the crypto world.
Video: How Payoneer prevents financial crime with ThetaRay’s tech
Payoneer explains why it chose ThetaRay to monitor payments on its global platform for financial crime.
ComplyAdvantage appoints ex-WorldRemit head as CTO
Mark Watson brings over 26 years of tech experience into his new role as CTO.
Money 20/20 Europe: How is the rise of fintech transforming the next generation of banking?
Kahina Van Dyke believes the biggest shift in legacy financial services is learning to unlock human potential.
Sentinels tapped by Dutch neobank Brand New Day to scale its AML controls
Brand New Day has partnered with Sentinels to build a “future-proof” compliance infrastructure.
How AI and data fusion are turning the tide in the battle against modern slavery
The application of modern AI and data techniques is a key development in the fight against modern slavery.
ICYMI fintech funding round-up: Tranch, Quantifeed, Chekk & Crowd Data Systems
A handy round-up of the recent funding endeavours of fintech companies across the globe.
White paper: Intelligence capabilities for AML and CFT regulatory compliance
Enhancing KYC, AML, CFT and due diligence investigations for finance, banking and compliance sectors with digital intelligence.
How data-driven suptech can change the game in fighting financial crime
Suptechs are gaining prominence in financial services with pioneers like the EBA and MAS breaking new ground.
Norway’s Signicat buys UK anti-fraud firm Sphonic
The company aims to be the go-to provider for digital identity and anti-financial crime services across Europe.
Irish fintech Fenergo acquires AML transaction monitoring start-up Sentinels
The acquisition, for an undisclosed sum, is set to strengthen the firm’s client lifecycle management platform.
Kiwi regtech start-up First AML lands £15.6m Series B, makes UK debut
The company’s co-founder Bion Behdin is relocating to its new London office.
How can neobanks meet the challenges presented by cybercrime?
Advances in AI and ML could help neobanks better protect themselves against cybercrime.
