Friday, February 23, 2018

KYC still time-consuming, not standardized, SWIFT Says

EXCLUSIVE— A time-consuming and costly area of banking, Know Your Customer (KYC) and due diligence maintenance could use an upgrade, global payments, Read more:

How Magma Partners is tapping Chilean FinTech market

EXCLUSIVE -- With government-backed initiatives and a finite business of copper export, Nathan Lustig, co-founder and managing partner at Magma Partners, Read more:

Ireland – a land of FinTech opportunity –

Ireland’s future looks very promising in terms of FinTech investment and for financial services more broadly. Read more:

Deciens Capital sets $80m goal for 2018 Fund

San Francisco-based Deciens Capital has set an $80m goal for its 2018 fund. Read more:

Investment Association to launch FinTech accelerator in Q2

UK-based Investment Association is looking to launch a specialist FinTech Accelerator for the asset management industry. Read more:

Artificial Intelligence (AI) and FinTech

By Gaurav Sharma The speed of technological change is exponential. What was yesterday’s hot ticket quickly becomes tomorrow’s old news. Read more:

US Bank fined for bank secrecy act violation

Bank regulation news: The U.S. Bank was fined $185 million by FinCEN, the OCC and the DOJ for violating the Bank Secrecy Act. Read more:

Open APIs, onboarding, DLT in Russian central bank plan

Bank of Russia approves Guidelines for Financial Technologies Development for 2018-2020. Read more:

eOriginal appoints David Campbell as CTO

U.S. FinTech firm eOriginal announced on Thursday it has appointed David Campbell as its new chief technology officer. Read more:

Will ‘predictive banking’ fix financial literacy?

EXCLUSIVE—As the technology matures, many banks and FinTechs are turning to artificial intelligence, machine learning, and predictive analytics to provide new, Read more: