Management and technology consultancy BearingPoint, which ranks among the leading providers of regulatory and risk technology (RegTech/RiskTech), announced that BNG Bank has selected its flagship product ABACUS/Transactions as a Regulatory-as-a-Service (RaaS) solution to fulfill several types of transaction-based reporting obligations without needing to have multiple data deliveries.
A computer researcher who gained global recognition for his role in halting the Wannacry ransom attack on UK hospitals has been arrested in the US on charges that he was the chief architect of the Kronos banking trojan.
Sixty-two percent of European financial institutions expect to increase spending on payments technology throughout 2017, driven by the revenue-generating opportunities of instant payments and the need for increased operational efficiency.
Four years after the release of the Principles of Risk Data Aggregation by the Basel Committee on Banking Supervision, the financial industry still faces challenges in fully establishing a “control environment” for data management, according to the EDM Council’s 2017 Data Management Benchmarking Survey Report.
The Securities and Exchange Commission (SEC) must do more to improve its defences against cyber attacks, says the US Government Accountability Office (GAO).
A US jury has indicted a Russian man arrested earlier this week in Greece accused of helping to launder more than $4 billion in bitcoin, including some obtained from the infamous Mt. Gox hack. In a coordinated move, the bitcoin exchange he operated has been slapped with a $110 million fine by American authorities for AML law violations.
Global VC investment for FinTech in H1 2017 attracted $6.5 billion of VC investment with 787 deals, a 45% decrease year on year, according to statistics compiled through Pitchbook by Innovate Finance, the not-for-profit membership association for global FinTech.
Sword Active Risk, a supplier of specialist risk management software and services, has announced its Deal Registration program, a new commercial Partner arrangement designed specifically to support Risk Consultants. Independent Risk Consultants are now able to introduce Active Risk Manager (ARM) to projects and receive a referral fee. The new initiative underlines Sword Active Risk’s commitment and participation in the risk community. Many Risk Consultants already attend the annual ARM Global Conferences, which have become noted events for risk management professionals across the world to share best practice and network with peers.
