Tag: Banks
Law Commission calls for AML laws to be streamlined
The UK is failing to get to grips with anti-money laundering efforts due to the ‘onerous compliance burden’ according to the UK Law Commission.
Banks need to outsource to reach compliance, according to RegTech panel
Banks must continue outsourcing to keep up with technology and regulation, according to a panel at the Global RegTech Summit 2018.
Wibmo bolsters anti-fraud offering for Indian banks
Wibmo has expanded its anti-fraud solution to help bank customers safeguard their electronic payments services.
Basel Committee publishes report on risk data aggregation and reporting
The Basel Committee on Banking Supervision has published a report on risk data aggregation and reporting progress.
South Korean banks to use blockchain-based ID verification
South Korea is reportedly launching a new blockchain-based ID verification system for domestic commercial banks.
FICO updates solutions to help fight financial crime
FICO has launched several solution upgrades to help banks, lenders, FinTechs and other institutions fight financial crime.
Mosaic Smart Data to apply space tech to financial markets
Mosaic Smart Data and ESA Business Applications is looking to apply its machine-learning models used in Space Systems to financial markets.
RegTech improves compliance for banks, but also increases costs
RegTech is easing the compliance burden for banks, but it's not driving down budgets according to recent survey.
Basel III may induce banks to reduce their credit exposure
The Basel III regulatory framework, which comes into effect on 1 January 2019, may be only partially effective according to new research.
The Berlin Group unveils NextGenPSD2 framework
The Berlin Group has published the latest version of its framework designed to give Third Party Providers (TTPs) API access to bank accounts in compliance with PSD2.
