As compliance costs continue to rise, HSBC has partnered with AI startup Ayasdi to fight money laundering more efficiently. Ayasdi will help HSBC to automate parts of its anti-money laundering (AML) compliance and investigation processes Read more…
A newly released LexisNexis financial crime survey reveals 92% of senior financial crime professionals are concerned that legacy technology could become a barrier to fighting financial crime in the next one to two years. The Read more…
According to a joint survey by SWIFT and Dow Jones, 54% of compliance execs are to increase RegTech spending as geopolitical risks heighten. An annual joint survey of more than 500 compliance and anti-money laundering Read more…
BNP Paribas has entered a global partnership with Snap Inc in an effort to acquire more millennial employees and better understand how to interact with the millennial generation. Like many banks, BNP Paribas views millennials as Read more…
Clarity Money, made up of industry veterans from Google, Betterment, American Express and IBM, have announced an $11 million Series B funding round led by RRE and Citi Ventures. The new financing round comes just Read more…
Citing sources familiar with the situation, Bloomberg reported late last week that Samsung’s soon to be released Galaxy S8 smartphone is to include a facial recognition functionality to authorize Samsung Pay transactions. The addition of Read more…
Global payments giant PayPal has invested in South Korean FinTech startup Viva Republica. The company has finalized a $48 million series C funding round with PayPal and a number of other high-profile firms. The round Read more…
GV, the venture capital arm of Alphabet, has joined Notion Capital, Sapphire Ventures, Rakuten FinTech Fund and Anthemis in a $25 million series D round in Currencycloud. The latest investment takes the total raised by Read more…
Bitcoin’s value has overtaken gold in a historic moment for the world’s number one cryptocurrency. Bitcoin has come a long way since its inception in 2009. Last week, for the first time in history, the Read more…
Open source blockchain network Ethereum is set to scrap “proof of work mining” in favor of a more efficient “proof of stake” protocol called Casper. Casper’s rollout has been in the works for a number Read more…
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