Big Data

HKMA initiates first CBDC steps with whitepaper launch

The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.

How the pandemic supercharged the growth of the digital signature market

A huge challenge for companies and consumers alike during the pandemic was the inability for business matters to be conducted in-person. As countries globally entered lockdowns, the possibility for wet signatures – a signature commonly done with pen and paper – become almost impossible.

Thailand’s central bank unveils plans for digital currency pilot in 2022

The Bank of Thailand (BOT) has revealed it intends to begin a retail central bank digital currency (CBDC) pilot study in the second quarter of 2022.

Alessa whitepaper outlines key crypto know-how for financial institutions

Alessa by Tier 1 Financial Solutions has published a whitepaper detailing how financial institutions (FIs) can deal with the cryptocurrency market and manage its associated risks.

Varo Bank taps Quantifind’s AI platform for adverse screening, automated investigations

Varo Bank has selected financial crime investigation firm Quantifind’s Graphyte platform to optimise its adverse media screening and investigations automation performance.

EU plans to end cryptocurrency anonymity as part of AML plan

The European Commission has said it intends to end anonymity in cryptocurrencies and introduce a new anti-money laundering (AML) agency to crack down on financial crime.

CSS expands aosphere alliance to integrate data services with investment platform

Compliance Solutions Strategies (CSS) has expanded its collaboration with legal firm aosphere to integrate the latter’s market data services with CSS’ investment monitoring platform.

ECB to examine digital euro potential through two-year investigation

The European Central Bank (ECB) has revealed it is set to begin a two-year long investigation into the possibility of launching a digital euro.

Quantexa unveils latest version of risk detection tool to aid financial crime fight

Data and analytics software company Quantexa has introduced the latest updated version of its contextual monitoring and investigations solution Quantexa Syneo.

Cyber insurance market to exceed $20bn value by 2025, report finds

A report by GlobalData has found the cyber insurance industry is predicted to exceed a $20bn gross written premium (GWP) value by 2025.

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