Source: Nice Actimize
Financial services organizations that provide investment advice, and which sell life insurance, annuities and other wealth products, are finding that regulators are escalating how closely they monitor advisor behaviour.
Source: Bank for International Settlements
The Basel Committee on Banking Supervision today issued Principles for operational resilience, which aim to make banks better able to withstand, adapt to and recover from severe adverse events.
Source: Federal Reserve
The Federal Reserve has released message specifications for the initial launch of its FedNow Service for instant payments based on the standard set by the International Organization for Standardization, or ISO.
Having initially dismissed reports of the leak of 100 million customer files on the dark web, Indian payments processor MobiKwick has brought in external investigators to conduct a forensic data security audit.
Source: HKMA
The Hong Kong Monetary Authority (HKMA) today (25 March 2021) launched the “Global Regtech Challenge”, a competition designed to raise the Hong Kong banking industry’s awareness of the potential of Regtech adoption.
Source: Jumio
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies.
ABN Amro has teamed up with research outfit TNO to develop "self-healing" cybersecurity software that repairs itself when under attack from viruses.
Source: Kyckr
Kyckr Limited (ASX:KYK) (Kyckr or the Company), a B2B information services company is pleased to announce its partnership with BAE Systems Applied Intelligence, a proven enterprise solution provider of advanced analytics, to jointly address anti-money laundering and compliance challenges of regulated firms by delivering accurate and efficient know-your-customer (KYC) and customer due diligence (CDD) solutions.
