compliance
16 articles tagged "compliance"
Canadian Banks and CanDeal Collaborate on Risk Management Initiative
In a groundbreaking collaboration, six major Canadian banks are joining forces with CanDeal to create a third-party risk management solution that aims to streamline compliance processes, enhance efficiencies, and expand market participation.
SEC and CFTC Forge Path for Unified Crypto Regulations by 2026
The SEC and CFTC are taking crucial steps towards creating coherent regulations for the crypto market by 2026, with a focus on token classifications and compliance.
Ex-Revolut Alumni Secure $10 Million for Compliance Venture
Former Revolut employees have launched Condukt, a compliance startup that raised $10 million to advance its AI-driven platform for financial services. Led by industry veterans, the funding positions the company to enhance compliance operations for fintechs.
SEC Reverses Gensler's Crypto Regulations Amid Industry Shift
The SEC has withdrawn key crypto regulations put forth under Gary Gensler, signaling a new approach under current leadership. This decision has been celebrated by industry stakeholders.
Visa's VAMP Program: What Merchants Must Do to Comply
Visa's new Acquirer Monitoring Program (VAMP) elevates compliance standards for merchants and acquirers. To avoid penalties, businesses must adapt their practices ahead of the 2025 deadline.
CFPB's New Open Banking Rule: Impact on Consumers and Banks
The CFPB has finalized its open banking rule, set to boost consumer rights over personal financial data, with compliance deadlines varying by institution size. This marks a significant step in enhancing transparency and competition in the financial sector.
Alloy Unveils Embedded Finance Solution for Banks and Fintechs
Alloy has launched 'Alloy for Embedded Finance,' enhancing the collaboration between banks and fintechs to effectively manage compliance and identity risks. This new tool aims to streamline oversight while improving user experiences for financial services.
FinCEN Unveils Final Rule Mandating AML/CFT Programs for Advisers
FinCEN has implemented a new rule that will obligate certain investment advisers to establish AML/CFT compliance programs by January 2026. This initiative is aimed at enhancing the monitoring and reporting of suspicious activities within the financial sector.
Federal Reserve Board Takes Action Against Texas Bank Over Compliance Issues
The Federal Reserve has issued enforcement actions against a Texas bank due to lapses in compliance related to cryptocurrency. The measures aim to strengthen risk management practices within the institution.
Finastra Achieves Fed Certification for ISO 20022 Payment Solutions
Finastra has secured Fed certification for ISO 20022, enhancing its payment processing offerings. This move positions the company as a leading provider in financial compliance and innovation.
Sila and Fortress Trust Collaborate to Transform Fintech Services
Sila and Fortress Trust announce a partnership focused on enhancing fintech solutions through advanced payment services, compliance expertise, and custodial offerings. This collaboration aims to empower companies in the digital finance landscape.
Finastra Introduces Compliance as a Service for Instant Payments
Finastra has unveiled its Compliance as a Service solution, designed to assist banks in managing financial crime risks associated with instant payments. This innovative service aims to enhance compliance efficiency and security.
tZERO and Nomyx Join Forces to Enhance Tokenization to Trading Route
tZERO and Nomyx partner to streamline the process of tokenized securities from issuance to regulated trading. This collaboration aims to bolster institutional adoption in the fintech landscape.
AML Incubator Elevates Executives to Enhance Global Compliance Services
AML Incubator Ltd. has promoted Stella Martirosian and Haik Kazarian to bolster its compliance services amid growing global demand. Their new roles reflect the firm's commitment to scalable compliance solutions for fintech and financial institutions across various regions.
Treasury Prime and Sardine Partner to Enhance Fraud Detection in Banking
Treasury Prime has teamed up with Sardine to bolster fraud detection and compliance for its financial partners. The collaboration aims to simplify oversight for third-party banking programs.
Facctum Unveils Real-Time Payments Screening Tech for Enhanced Compliance
Facctum's new FacctShield technology aims to bolster financial crime compliance through real-time payment screening. Introduced during Money 20/20, it addresses evolving risks in the payments sector.