The Fintech Times

APRIL 10, 2024

Capitalising on new technology Martin Hartley, group CCO of emagine Consulting According to Martin Hartley , group CCO of emagine Consulting , a high-end business consultancy firm specialising in the financial services sector, the secret for fintech funding’s revival lies in the technology being offered.

FinTech 116

FinTech Consulting Due Diligence Returns 116

Global Fintech & Digital Assets

JANUARY 8, 2024

By Simon Hawkins and Adrian Fong On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) released a consultation paper on their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (Consultation Paper).

Stablecoins 59

Stablecoins Consulting Issuers Non-Bank 59

The Fintech Times

JUNE 20, 2024

This integration will enable banks to onboard new users swiftly, perform anti-money laundering (AML) screening on customers, verify business clients, and monitor for fraud and suspicious transactions with the option to adopt and manage all features through a single platform.

Compliance 59

Compliance Process APACS Money Laundering 59

FICO

DECEMBER 6, 2019

The 2018 FATF mutual evaluation report of UK anti money laundering (AML) practices highlights a problem that to many is still surprising – when you set up a business in the UK, very little is done to establish the identity of the owners of that business, whether those are individuals or other businesses. How to Improve the Process.

AML 52

AML Checks Due Diligence Money Laundering 52

Fintech News

MAY 22, 2024

In May, Fintech Global released its inaugural FinCrimeTech50 list, recognizing the world’s leading technology companies fighting money laundering, fraud and financial crime. For larger enterprises and the consultants assisting them, Arctic Intelligence offers the Risk Assessment Platform. Transparently.AI

Financial Crimes 104

Financial Crimes Crime APACS Risk Assessment 104

Neopay

JANUARY 25, 2024

The European Banking Authority (EBA) on 16th January extended its Guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs). The amending Guidelines will apply from 30 December 2024.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

Stax

AUGUST 22, 2024

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Global Fintech & Digital Assets

FEBRUARY 13, 2024

By Simon Hawkins and Adrian Fong On 8 February 2024, the Financial Services and the Treasury Bureau (FSTB) released a consultation paper on its legislative proposal to introduce a regulatory regime governing over-the-counter (OTC) trading of virtual assets (VA) in Hong Kong (Consultation Paper).

Regulations 59

Regulations Money Laundering Consulting Stablecoins 59

PYMNTS

OCTOBER 22, 2018

With financial crime on the rise, CGI HotScan360 aims to deliver integrated, intelligent and real-time anti-money laundering (AML), customer due diligence and fraud detection capabilities. CGI has announced the launch of CGI HotScan360, an enhanced version of its industry leading HotScan solution.

Risk Mitigation 43

Risk Mitigation Mitigation Compliance Risk 43

FICO

MAY 20, 2021

In my Financial Crimes Predictions 2021: More AI & Ransomware post , I talked about how banks will move to operationalize their Anti-Money Laundering (AML) compliance programs to achieve greater efficiencies and how robotic process automation (RPA) adoption will drive the paradigm shift. Collect data from internal and external sources.

Financial Crimes 52

Financial Crimes AML Crime Automation 52

Neopay

DECEMBER 6, 2023

This includes assessing the effectiveness of anti-money laundering (AML) measures, fraud prevention, and adherence to relevant regulations. Collaboration with experts : Engaging external experts, like compliance consultants , provides independent assessments aligned with the spirit of skilled person reviews.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

Neopay

JUNE 27, 2024

Many in financial services have been concerned that some elements of the FCA’s more stringent approach may not always be justified by reductions in financial crime and money laundering or consumer protection. Firms operating in the payments industry are particularly vulnerable to money laundering and terrorist financing risks.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

FICO

MARCH 13, 2017

Under the KYC requirements that are part of current regulations, such as the 4th EU Money Laundering Directive and the fifth pillar of the BSA, the bank needs to know the business of their customers. No one wants to read that their bank is supporting tax avoidance or money laundering by the use of a shell company in an offshore.

Money Laundering 45

Money Laundering Database Due Diligence BSA 45

FICO

MARCH 6, 2020

Concerning AFC, we are reputed for being a world leader in the fight against fraud and money laundering, developing and implementing standardized and individual solutions against financial and white-collar crime and for risk management and monitoring, analysis, and reporting. Fraud and money-laundering are closely connected.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Fintech News

JANUARY 24, 2024

In May 2023, the MAS released a Consultation Paper on amendments to the Payment Services Regulations 2019, introducing new measures for Digital Payment Token (DPT) services, including a requirement for customer asset safekeeping under statutory trust. The company provides crypto assets, as well as custody and clearing infrastructure services.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. AML/CFT : Banks must comply with their existing anti-money laundering and counter-financing of terrorism obligations in connection with providing custodial services.

Authorization 59

Authorization Product Due Diligence Procedures 59

The Fintech Times

SEPTEMBER 19, 2024

Previously, the AML focus was primarily on conducting due diligence during the onboarding of new customers and periodically throughout the customer lifecycle. . “It also provides a central location for regulators to view operations and structure, enhancing transparency and trust in the industry.”

Risk 59

Risk Financial Crimes AML Risk Management 59

Neopay

NOVEMBER 28, 2023

.” The Focus on Compliance Roadblocks and Mitigation Strategies Financial institutions are re-evaluating their current financial crime compliance processes and devising strategies to enhance data quality, KYC, AML (Anti-Money Laundering), internal compliance, and transaction monitoring.

Financial Crimes 52

Financial Crimes Crime Compliance Money Laundering 52

Fintech Labs Insights

JANUARY 26, 2017

Aqubix is a complete, centralized, management tool for all your customer due diligence (CDD), compliance, and anti-money laundering (AML) procedures. He has hands-on experience in all areas of IT, including as a developer, consultant, and trainer in many industries. Pick up your tickets today and save your spot.

Due Diligence 20

Due Diligence Money Laundering Consulting AML 20

Neopay

JANUARY 2, 2024

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. This includes changes to high-risk third countries, as outlined in Schedule 3ZA of the Money Laundering Regulations.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

The Payments Association

JUNE 5, 2025

David Parker CEO, polymath consulting "Cash continues to remain resilient as a payment option. Imran Ali Payments consulting director, KPMG "While contactless cards continue to dominate, digital wallets are particularly appealing to younger consumers. However, we are now seeing a shift in the adoption of new technology.

Payments Trends 88

Payments Trends Consumer Online and Mobile Banking Debit Card 88

Neopay

MARCH 26, 2025

The European Banking Authority (EBA) launched on 6th March a public consultation on four draft Regulatory Technical Standards (RTS) that will be part of the EBAs response to the European Commissions Call for Advice. The consultation runs until 6 June 2025. the determination of the ML/TF risk associated with each institution.

Money Laundering 52

Money Laundering Consulting AML Rules 52

The Payments Association

MAY 14, 2025

Other persistent obstacles include inconsistent anti-money laundering (AML) rules and sanctions regimes across jurisdictions, which generate conflicting alerts and limit the scope for automation. The panel explored how global trade, technology, and regulatory approaches are intersecting in this new landscape.

Cross-Border Payments 88

Cross-Border Payments Correspondent Bank Cross-Border Correspondent 88