Sunday, February 26, 2017

PayPal receives subpoenas over anti-money-laundering compliance

PayPal said Wednesday it had received subpoenas from the US Justice Department over its anti-money-laundering compliance program. Read more: www.wsj.com

Risk, governance, and compliance is all about visibility

Technology has changed how risk is viewed and more importantly, how risk is amplified. Read more: gigaom.com

BNP Paribus takes stake in RegTech startup Fortia

BNP Paribus Securities Services has invested in compliance startup Fortia giving the BNP Paribus subsidy a minority stake in the business. Read more: www.fintechroundup.com

The AML conundrum solved?

Blockchain could be the transformative technology that solves the AML (anti-money-laundering) conundrum. Read more: banknxt.com

Chinese banks want to use blockchain to combat fraud

Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud. Read more: fortune.com

Blockhain could regulate Russia’s national payment system

Russia’s AFI released a “roadmap” for improving the regulation of the National Payment System that includes using blockchain technology. Read more: www.cryptocoinsnews.com

How FinTech could revolutionise Compliance

Compliance in financial services could be revolutionised by financial technology and make the processes more efficient for firms and regulators. Read more: blogs.wsj.com

London leads RegTech growth as global investment soars

Regulation is a space with a clear need for innovative new approaches to problems the very largest of financial institutions have grappled with for a long time. Read more: www.fintechroundup.com

Onfido now serves 2 billion unbanked individuals

Onfido announced this week it is helping to bring financial services to the 2 billion unbanked individuals worldwide with its Machine Learning-based solution. Read more: www.crowdfundinsider.com

Fraugster nabs $5m for AI-powered anti-fraud

Artificial intelligence-powered anti-fraud startup Fraugster has raised $5m in funding. Earlybird led the round with existing backers also participating. Read more: www.fintechroundup.com