Search Results for: financial institution

Regtech Fenergo and PwC Leverage Financial Crime and Tech Expertise to Support Financial Institutions

Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), announces that it has joined forces with PwC to accelerate the delivery of Fenergoā€™s solutions to financial institutions. The collaboration will combine PwCā€™s financial… Read More

Risk of Financial Institutions Breaching Sanctions Rules Will Rise in 2025 Due to Volatile Geopolitical Environment: Regtech Exec

As the year 2024 comes to a close, itā€™s wise for financial institutions and Regtech (regulatory technology) providers to pause and assess the evolving sanctions landscape, particularly with the U.S. preparing to transition to a new administration in 2025. This, according to an update from… Read More

France’s AMF Encourages Financial Institutions to Improve Transparency of Taxonomy Reporting

Faced with “dense” and complex information, the AMF in France is encouraging financial institutions to continue their efforts to “improve the transparency of their Taxonomy reporting.” In a report covering the first alignment reporting of seven French banks and insurers, the AutoritĆ© des MarchĆ©s Financiers… Read More

Payments Fintech Nium Enables Financial Institutions to Connect to Real-Time Payment Network via Swift

Nium, the infrastructure for real-time cross-border payments, has recently announced that financial institutions are now able to leverage the Swift capabilities and their existing Swift infrastructure to connect to Niumā€™s global real-time payments network. This connection provides a cost-effective solution for financial institutions to connect… Read More

Stockholm’s Regtech Scila AB Teams Up with European Financial Institution Erste Group

Scila AB, the Stockholm-based independent provider of trade surveillance, risk management and anti-money laundering (AML) technology has announced that Erste Group, a European financial institution, has implemented Scila Surveillance. Scila Surveillance is a trade surveillance cloud-powered solution meant for comprehensive monitoring of trading activities across… Read More

Chainlink Digital Assets Sandbox Designed to Help Financial Institution Digitization

Chainlink believes its new Chainlink Digital Assets Sandbox (DAS) will accelerate digital asset innovation within financial institutions. The company said Chainlink DAS is designed for financial institutions that want to quickly innovate and experience the potential of generating new revenue opportunities, increasing efficiencies and improving… Read More

nCino Introduces Banking Advisor, a GenAI Solution to Support Efficiencies at Financial Institutions

nCino, Inc. (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry, made generally available its new artificial intelligence (AI) solution, Banking Advisor. nCinoā€™s Banking Advisor is said to be “a banker-focused, conversational co-pilot tool that provides financial institutions a modern… Read More

Galileo Survey Describes Changing Nature of Primacy for Financial Institutions

Results of a new survey commissioned by Galileo, further illustrate the shifting nature of primacy in financial services. While most consumers, 85%, say they have positive experiences with their primary financial institution, theyā€™re using as many tools or services with other financial providers as they… Read More

Tether Announces Investment in XREX Group, a Blockchain-enabled Financial Institution

Tether, which claims to be the largest company in the digital asset industry, has announced a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation “in the digital asset industry, facilitate USDT-based cross-border payments in… Read More

Circle Submits Application to Work with Financial Institutions for BIS Project AgorĆ”

As a strong proponent of public-private sector collaboration in building a safer, more resilient and more efficient financial system, Circle are pleased to announce that they have submitted an application to participate in Project AgorĆ”,”an initiative led by the Bank for International Settlements (BIS) and… Read More

Oscilar and Regtech Socure to Enhance Identity Verification and Risk Management for Financial Institutions

Oscilar, a provider of AI-driven risk management solutions, and Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will aim to set “a new standard in digital identity verification, fraud prevention and risk management for… Read More

BIS, Central Banks, IIF Request Financial Institutions to Join Project AgorĆ”, Focused on Cross-Border Payments

Project AgorĆ”, launched by the Bank for International Settlements (BIS), a group of leading central banks and the Institute of International Finance (IIF), is requesting the private sector to join its exploration of how tokenization can enhance the functioning of wholesale cross-border payments. The call… Read More

US Treasury Dept, Cloudflare, Others Partner to Share Early Warning Threat Intelligence for Financial Institutions

Cloudflare, Inc. (NYSE: NET), the connectivity cloud company, announced a partnership with the United States Department of Treasury and Pacific Northwest National Laboratory (PNNL) under the US Department of Energy in order “to improve the cyber resilience of the financial services industry by sharing an… Read More

Nordic Blockchain Association Welcomes Taurus to Expand Digital Asset Adoption Among Financial Institutions

Taurus SA is pleased to announce its new membership with the Nordic Blockchain Association (NBA), a non-profit organization dedicated to the advancement of blockchain technology in the Nordic countries. This partnership highlights Taurus‘ commitment “to supporting digital assets growth with traditional financial institutions in the… Read More

Backed Launches Tokenization Services for Financial Institutions

Backed, a key player in the tokenization of real-world assets, has unveiled a new suite of services tailored for financial institutions looking to enter the digital asset space with security and compliance at the forefront. The Swiss-based company is expanding its offerings to include the… Read More

Switzerland’s Luzerner Kantonalbank Introduces FM Converge, the Risk Platform for Financial Institutions.

Luzerner Kantonalbank AG (LUKB), Switzerland’s 3rd largest cantonal bank, has rolled out FM Converge, the markets and risk platform for banks and financial institutions. FM Converge comes from Finmechanics Pte. Ltd., the Singapore headquartered fast growing software company. FM Converge is described as “a high… Read More

MX Technologies and Jack Henry to Provide Secure Data Sharing for Consumers Across 800+ Financial Institutions

MX Technologies, Inc. announced today that MX and Jack Henry (NASDAQ: JKHY) have agreed to work together to deliver a more seamless and secure data sharing experience for consumers across more than 800 financial institutions. MXā€™s secure, interoperable API platform will now “directly connect through… Read More

Enforcement Actions Issued to Financial Institutions Reached “Staggering” Levels Last Year – Report

The number of enforcement actions issued to global financial institutions in 2023 “reached staggering levels that have rarely been seen in the US,” according to SteelEyeā€™s Annual Fine Tracker. SteelEye analyzed financial penalties issued “by the US Securities and Exchange Commission (SEC) and Commodity Futures… Read More

Iliad Solutions Supports Financial Institutions Integrating the Next SEPA Instant Credit Transfer Rulebook Version

Iliad Solutions, a global enabler of payments testing, is offering support to financial institutions integrating the next SEPA Instant Credit Transfer (SCT Inst) rulebook version scheduled to go live in March 2024. To help organizations make this SCT Inst transition smoothly and keep up-to-date with… Read More

Eltropy, the Platform Supporting Financial Institutions, Streamlines In-Branch Experiences With New Product

Eltropy, the digital conversations platform for community financial institutions (CFIs), has recently announced the launch of Lobby Management ā€“ a new capability to create better in-branch experiences. Part of Eltropyā€™s Unified Digital Conversations Platform, Lobby Management empowers in-branch associates “to manage customer flow effectively, all… Read More

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