Companies

Companies

VC-backed Wave Financial sold for $405m

Venture Capital-backed FinTech Wave Financial is set to be sold to consumer tax services provider H&R Block for $405m in cash.

Specific exemptions in data sharing restrictions for AML would help combat occurrence rates

Data protection is great for society, but it can hinder a bank’s ability to detect and prevent money laundering, according to Markus Schulz, global head of Financial Crime Compliance Controls at Standard Charted Bank.

FCA outlines new rules for the buy now, pay later market

The UK’s Financial Conduct Authority (FCA) has released new rules for the buy now, pay later (BNPL) market, to better protect consumers.

Whitepages Pro spins off its B2B identity verification business

Whitepages Pro, a digital identity verification data platform, is spinning off its B2B business to become Ekata.

Regulation is biggest barrier to digital innovation in UK – FIS study claims

The biggest barrier to UK financial institutions developing new digital products, services and operations is regulatory compliance risk, according to a study from FIS.

DTCC to help 3 RegTech companies with SFTR compliance through new deals

The Depository Trust & Clearing Corporation (DTCC), has partnered with three RegTech startups, to support their Securities Financial Transactions Regulation (STFR) compliance.

Deutsche Bank reportedly found failings in its cheque screening processes

Deutsche Bank has reportedly found ‘serious failings’ within its payments screening and AML procedures.

Sopra Banking Software partners data exchange platform Digi.me

Sopra Banking Software has formed a partnership with personal data security platform digi.me to improv secure personal data exchange.

equensWorldline helps 25 European banks reach first PSD2 compliance milestone

equensWorldline, a European card and payment processor, has helped 25 European banks reach the first milestone of PSD2 compliance.

Docupace partners with WalkMe to improve onboarding efficiency

Docupace, a front and back-office automation solution, has partnered with WalkMe to offer broker-dealers and advisors better tools to implement Docupace services.
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