Tagged: compliance

July 10, 2024 @ 11:40 pm By Omar Faridi  |  

Multifamily property managers face a daunting task when it comes to screening applicants. They need to conduct thorough criminal background checks in “a timely manner, while observing increasingly stringent consumer privacy regulations.” To address this challenge, TransUnion (NYSE: TRU) announced its collaboration with Asurint to… Read More

July 3, 2024 @ 10:04 am By Omar Faridi  |  

Elliptic’s crypto AML (anti- money laundering) service will reportedly aim to enhance compliance for global crypto exchange, Gate.io. Gate.io, a virtual currency exchange and Web3 innovator, recently announced it has enlisted Elliptic, the provider of blockchain analytics and investigative solutions, to strengthen its compliance program…. Read More

July 2, 2024 @ 12:36 pm By Omar Faridi  |  

Circle, a global financial technology firm and the issuer of USDC and EURC, has announced that it has become the “first” global stablecoin issuer to achieve compliance with the European Union‘s Markets in Crypto-Assets (MiCA) regulatory framework. This achievement was reportedly enabled “by the company’s… Read More

July 2, 2024 @ 7:46 am By Omar Faridi  |  

The Securities and Exchange Commission (SEC) charged Silvergate Capital Corporation, its former CEO Alan Lane, and former Chief Risk Officer (CRO) Kathleen Fraher with allegedly “misleading investors about the strength of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program and the monitoring of crypto customers,… Read More

June 29, 2024 @ 7:01 pm By Tony Zerucha  |  

Pathward’s new report – Embedded Finance – Executive Perspectives shares how executives view a growing trend that’s set to grow almost fivefold to $248.4 billion by 2032. One key takeaway is there is opportunity for consultants to assist with strategy and implementation. Most senior executives,… Read More

June 29, 2024 @ 6:34 pm By Tony Zerucha  |  

Open Banking in a Box, a new program from Open Banking Excellence (OBE), helps regulators globally develop their open banking markets. It gives access to insights, expertise and practical advice from the UK’s experience in creating its open banking blueprint. This provides the building blocks… Read More

June 29, 2024 @ 8:10 am By Omar Faridi  |  

SteelEye‘s Communications Surveillance solution, powered by our Compliance CoPilot, is said to enable compliance teams to “master” eComms and vComms compliance. The platform claims to support any communication channel “including voice, chat, email, meetings, and social messaging.” SteelEye explains that it “provides language detection, transcription,… Read More

June 28, 2024 @ 11:59 am By Omar Faridi  |  

Jumio, a provider of automated identity verification, and risk signals has released new findings from its Jumio 2024 Online Identity Study. This year’s results highlight growing anxiety “among consumers that weaknesses in their banks’ fraud-protection measures could leave them exposed to scammers, which would result… Read More

June 22, 2024 @ 11:37 am By Tony Zerucha  |  

Vixio, a provider of regulatory intelligence solutions, has published its 2024 Open Banking Outlook report, a unique dive into the growing issue of open banking. This report delves into the current and future open banking landscape and offers valuable insights on how businesses can leverage… Read More

June 21, 2024 @ 6:09 pm By Omar Faridi  |  

Sumsub has reportedly entered a long-term partnership with Finastra, jointly enabling banking clients to adopt Sumsub’s compliance and anti-fraud solutions. Sumsub has teamed up with Finastra, a global provider of financial software applications and marketplaces, in order to “support financial institutions worldwide with their compliance… Read More

June 11, 2024 @ 12:34 pm By Tony Zerucha  |  

This past week, RegGenome, a University of Cambridge commercial spin-out, launched its enriched regulatory data repository powered by GenAI. The solution utilizes advanced AI technologies to power regulatory solutions and support sustainable business operations. The imbalance of regulatory turbulence and compliance capabilities is driving the need… Read More

June 6, 2024 @ 10:51 am By Omar Faridi  |  

To ensure a smooth transition for local banks to comply with the new and amended requirements arising from the Banking package, which was recently adopted by the European Parliament and the Council of the European Union, the MFSA has issued a Dear CEO Letter to… Read More

June 5, 2024 @ 2:15 pm By Omar Faridi  |  

Deel announced recently that it’s invested in embedded finance platform Alviere. The partnership further bolsters Deel’s commitment “to compliance and flexibility for workers in the US, giving them access to faster and more streamlined wage payouts and a wallet solution.” Alviere’s technology and compliance program… Read More

May 16, 2024 @ 10:36 pm By Omar Faridi  |  

Tuum, the core banking services provider, is pleased to announce a new partnership with TransactionLink, a key player focused on end-to-end KYB/KYC automation solutions. This collaboration aims to tackle “the pressing challenges faced by fintechs and banks, particularly in achieving faster time-to-market, scalability for growth… Read More

May 12, 2024 @ 12:23 pm By Omar Faridi  |  

FloQast has introduced new feature enhancements to its FloQast Compliance Management solution, including proactive risk assessment, new management of compliance programs, and more. The feature enhancements reportedly “bring greater ROI to chief financial officers and accounting and finance teams through a lower total cost of… Read More

April 30, 2024 @ 1:49 pm By Omar Faridi  |  

Compliance teams are facing escalating pressures driven by greater regulatory scrutiny and macroeconomic challenges, according to the 2024 Annual Compliance Health Check Report from SteelEye, the firm behind the industry’s integrated surveillance solution. The survey found that 56% of firms are “investing in communications surveillance,… Read More

April 4, 2024 @ 11:07 am By Omar Faridi  |  

Equifax (NYSE: EFX) released its 2023 Security Annual Report, documenting the company’s continued commitment to security leadership through constant adaptation and proactive protection. The fourth annual report outlines how Equifax “increased efficiency, reduced friction and strengthened continuous controls governance across its internal security program, while… Read More

March 29, 2024 @ 4:01 pm By Omar Faridi  |  

Making crypto compliant with existing regulatory frameworks and interoperable with traditional legal and financial systems is “an enormous yet hugely worthwhile task,” according to Binance, which remans the world’s largest crypto exchange in terms of trading volume and overall scope of operations. This, despite having… Read More

March 26, 2024 @ 10:54 pm By Omar Faridi  |  

SmartSearch, a UK provider of digital compliance and anti-money laundering (AML) software, has today announced it has signed an agreement to receive a significant equity investment from Triple Private Equity. With its investment, Triple will now take “a majority share in the business and will… Read More

March 25, 2024 @ 3:00 pm By JD Alois  |  

There are three securities exemptions created by the JOBS Act of 2012 that enable firms to raise money online. Reg CF [Regulation Crowdfunding], Reg D 506c (accredited only), and Reg A+ [Regulation A]. If a company uses Reg A+, they may raise up to $75… Read More