Tag: compliance
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TikTok launches a data portability API for compliance purposes
Recently, social media platform TikTok announced the launch of a new data portability API that will allow users to easily transfer their data to other platforms. This move comes in response to increasing demands for transparency and data privacy from users, as well as regulatory requirements for data portability. What is data portability? Data portability…
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Capital One tackles Discover compliance issues
Capital One has recently made headlines for its efforts to address compliance issues related to Discover credit cards. The banking giant has been working diligently to ensure that all aspects of its relationship with Discover are in line with industry regulations and guidelines. One of the key compliance issues that Capital One has been focusing…
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Enfuce secures an EMI licence in the UK
Enfuce, a leading fintech company based in Finland, has recently announced that it has secured an EMI licence in the UK. This marks a significant milestone for the company as it continues to expand its presence in the European market. An EMI licence, which stands for Electronic Money Institution licence, allows companies like Enfuce to…
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FATF drops UAE off financial crime watchlist
The Financial Action Task Force (FATF) has announced that it is removing the United Arab Emirates (UAE) from its list of countries under increased monitoring for financial crime. This move comes after the UAE has made significant progress in addressing deficiencies in its anti-money laundering and counter-terrorist financing measures. The FATF, an intergovernmental organization that…
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Silent Eight partners with HSBC
Exciting news in the world of financial technology – Silent Eight has announced a partnership with global banking giant HSBC. This collaboration is set to revolutionize how financial institutions combat financial crime and ensure regulatory compliance. Silent Eight is known for its cutting-edge AI-powered solutions that help organizations with customer onboarding, AML (anti-money laundering) compliance,…
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TransactionLink partners with Know Your Customer
TransactionLink, a leading financial technology company, has announced its partnership with Know Your Customer (KYC), a global leader in customer verification services. This collaboration aims to streamline the onboarding process for financial institutions and improve compliance with regulations. Benefits of the partnership By joining forces, TransactionLink and KYC will be able to offer a comprehensive…
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IDnow joins EU crypto compliance consortium
August 25, 2022 – IDnow, a leading provider of digital identity verification solutions, has announced its membership in the EU Crypto Compliance Consortium. This strategic move demonstrates IDnow’s commitment to enhancing the security and compliance aspects of cryptocurrency transactions within the European Union. The EU Crypto Compliance Consortium is a collaborative initiative composed of industry…
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Liberis partners with Alloy for global expansion and compliance
London, UK – In an effort to drive global expansion and ensure regulatory compliance, Liberis, the leading small business finance provider, has announced its strategic partnership with Alloy, a leading identity verification and anti-money laundering (AML) platform. With this partnership, Liberis aims to strengthen its commitment to helping small businesses access financial support while maintaining…
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Plumery partners with Sumsub
Plumery, the leading digital marketplace for handmade and unique plum products, is thrilled to announce a strategic partnership with Sumsub, a global expert in identity verification and compliance solutions. This partnership aims to enhance the security and trust within Plumery’s platform, providing a seamless and secure experience for both sellers and buyers. Improving Digital Trust…
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Reap partners with Chainalysis for compliance and risk management
In a move to enhance its compliance efforts, Reap, a leading fintech company, has partnered with Chainalysis, the cryptocurrency blockchain analysis firm. The collaboration aims to strengthen Reap’s compliance and risk management capabilities, particularly in dealing with the emerging challenges related to cryptocurrency transactions. As the popularity of cryptocurrencies continues to rise, financial institutions and…
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Discover to spend at least $500M on compliance next year
Financial services company, Discover, has recently announced its plan to allocate a minimum of $500 million towards compliance efforts in the upcoming year. This move highlights the increasing emphasis placed by financial institutions on regulatory compliance. Discover aims to strengthen its adherence to regulatory guidelines, ensuring that the company operates within the legal framework and…
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ComplyCube launches Age Estimation solution
ComplyCube, a leading provider of compliance and identity verification solutions, is excited to announce the launch of its revolutionary Age Estimation solution. This cutting-edge software uses advanced artificial intelligence (AI) algorithms to accurately estimate the age of individuals, streamlining age verification processes and enhancing compliance for businesses across various industries. Age verification is a critical…
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PCI security is costing you more than you think
In the modern digital landscape, keeping our sensitive data secure from cyber threats is a top priority. For businesses, this means complying with various industry-specific security standards. One such standard is the Payment Card Industry Data Security Standard (PCI DSS), which is crucial for organizations that handle cardholder information. While PCI compliance is essential, many…