Tags Financial Technology

Tag: Financial Technology

Leveraging technology for improved CRS compliance in Taiwanese FIs

The Common Reporting Standard (CRS) has significantly impacted financial institutions (FIs) globally, aiming to enhance tax transparency and cooperation among jurisdictions. Taiwan's Ministry of Finance, in a report issued in May 2024, highlighted several ongoing deficiencies in Taiwanese financial institutions' adherence to these requirements.

Modernising call surveillance: The risks of legacy systems for banks

The 2024 1LoD Surveillance Benchmarking Survey & Report, featuring insights from over 30 leading global banks, has highlighted the pressing need for banks to update their call surveillance practices. Sponsored by Wordwatch, the report outlines the operational and financial risks associated with maintaining multiple legacy systems.

Safeguarding financial integrity through advanced AML compliance strategies

In today's financial landscape, AML transaction monitoring is key for protecting the integrity of financial institutions and the global financial system.

Combating generative AI fraud: Effective strategies for detecting fake documents

Fraudsters can now easily create fake documents online or purchase forged ones with just a few clicks.

Tiller Technologies and HSBC Expat join forces to launch digital ID...

Tiller Technologies, a leading RegTech company, has teamed up with HSBC Expat, a branch of HSBC Bank specialised in services for expatriates, excels in offering tailored banking solutions across the globe.

Beyond finance: How compliance is expanding to combat workplace misconduct

In the financial sector, the spotlight has recently intensified on non-financial misconduct, spurred by the Financial Conduct Authority's (FCA) focused initiatives and investigations into issues like sexism, bullying, and discrimination.

CertifID secures vital growth capital from CIBC Innovation Banking to combat...

CIBC Innovation Banking, a Canadian financial institution, has recently announced a significant financial commitment to CertifID, a pioneering company in the sphere of wire fraud prevention.

London RegTech GSS secures $47m to bolster global sanctions compliance

Global Screening Services (GSS), headquartered in London, has announced a fresh infusion of $47m.

RegTech pioneer GSS secures $47m in transformative Series A2 funding

Global Screening Services (GSS), a forefront runner in the RegTech industry, has successfully completed its Series A2 funding round, securing over $47m (£37m).

The role of KYC Portal in real-time risk assessment

In an age where the regulatory landscape is as unpredictable as ever, and the integrity of businesses hangs by a thread, companies are increasingly leaning on the forefront of technology to shield themselves from unforeseen risks.

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