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Amazon eyes underbanked customers with checking account partnership talks

Online mega-retailer Amazon could get into the checking account business, as the company reportedly sees underbanked markets — including millennials — as a prime opportunity. Amazon has held talks with the likes of JPMorgan Chase and Capital One for a “checking-account-like product” that would be accepted at its website and Whole Foods, according to The Wall Street Journal. The product would reportedly ... Read More »

Facebook Reckoning

Cambridge Analytica shows Facebook is blind to the fact that users are just a click away from saying enough. Mass media has been programming and controlling what we view since TV and radio began. Let’s face it, there really isn’t a whole lot that’s new about what how it manages and manipulates its audience, but there is one difference today: these ... Read More »

Atradius and Kemiex in Partnership

Atradius and Kemiex have joined forces to introduce the first online trading platform for Active Pharmaceutical Ingredients (APIs) & Additives The Kemiex platform provides a convenient, efficient and safe trading solution for companies in the pharmaceutical, veterinary, human and animal nutrition industries. It helps traders, buyers and sellers of APIs and Additives to identify reliable and compliant counterparties and conduct ... Read More »

CRIF Inaugurates the new Campus Offices at Varignana

A new structure, which will house up to 130 employees, offering a modern and more efficient way of working. CRIF has inaugurated a new operating hub in the area of Varignana in the Municipality of Castel San Pietro Terme, close to Bologna, and already around one hundred employees have started working in the new offices. The Campus, which to date ... Read More »

Specialist Technology Providers Quantexa and Arachnys Partner to Fight Financial Crime

Big-data specialist Quantexa is partnering with compliance robotic automation leader Arachnys in the fight against financial crime.  Both technology providers will be harnessing the power of each other’s respective technologies to identify and monitor customer risk. Quantexa will be using Arachnys’ cloud-based investigation platform and global news assets to dynamically screen against negative news, locate missing Know Your Customer (KYC) ... Read More »

Equifax Media Statement Concerning DOJ Charges against a Former Employee

Equifax Inc. (NYSE: EFX) Interim Chief Executive Officer, Paulino Do Rego Barros, Jr., issued the following statement in response to the announcement that the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have brought charges against Jun Ying, a former employee of Equifax: “Upon learning about Mr. Ying’s August sale of Equifax shares, we launched a ... Read More »

IBM Says 400 Projects On Its Blockchain Platform

IBM told investors that it currently serves over 63 customers across financial services, supply chains, Internet of Things, risk management, digital rights management and healthcare, who are running 400 projects on its blockchain platform. The customers include 25 global trading companies, 14 food companies and retailers, 14 global payments, and finance companies. Some of them are Maersk, Dupont, Walmart, Nestle, ... Read More »

encompass verify Selected by MURGITROYD GROUP

One of the world’s leading Intellectual Property Attorney practices, MURGITROYD, has selected encompass verify to support and enhance its Know Your Customer (KYC) compliance processes. With offices in the Americas and across Europe, MURGITROYD ranks amongst the largest practices of patent and trade mark professionals, with more than 250 staff. In addition to its Glasgow head office, MURGITROYD has thirteen offices throughout Europe, in ... Read More »

Enterprise Blockchain May Finally Be Ready for Its Breakout – Maybe?

It turns out, last year’s mantra “make blockchain real” was little more than wishful thinking. Instead of the increased efficiency, enterprises have encountered impractically slow transaction volumes; instead of a transparent world with ultimate accountability, companies holding sensitive customer data faced regulatory concerns.  Still, there’s reason to believe the same rosy-colored forecast just might come true this year. The reason ... Read More »

GDPR-Regulated Data Is Lurking In Unexpected Places

A recent study showed that over 60 percent of corporate data is stored on employee endpoints. And yet, as companies work to ensure compliance with the new General Data Protection Regulation (GDPR), they still may be overlooking a few key areas.  The GDPR globally impacts the processing of all personal data on EU residents and takes effect on May 25, 2018. The ... Read More »

BIIA Regional Meeting Phnom Penh, Cambodia Presentations 2018

Regional Meeting – March 14th to 15th, 2018 Sofitel Phnom Penh Phokeethra Hotel, Phnom Penh, Cambodia The following presentations were made at the meeting. BIIA would like to thank all of our speakers for their contributions. Introduction to BIIA and overview of the global industry trends and key regulatory themes – Neil Munroe, Deputy Managing Director, BIIA Cross border sharing ... Read More »

ipd selects encompass verify

Insolvency practitioner, ipd, has selected encompass verify to support and enhance its Know Your Customer (KYC) compliance processes. ipd work with a wide range of businesses, ranging from sole-traders, family-run companies and SME’s through to large multi-million pound groups of companies. The only provider of simultaneous, real-time access to multiple sources of global company and person data, encompass corporation is the creator of KYC automation ... Read More »

Moody’s Analytics Launches the Data Alliance Portal

Moody’s Analytics launched its new Data Alliance Portal. Members of Moody’s Analytics data consortium can use the portal to contribute data to the consortium and collect credit risk benchmarking information in return. The Moody’s Analytics Data Alliance is one of the world’s largest and most comprehensive data consortia, covering a range of asset classes including commercial and industrial (C&I), commercial real ... Read More »

Risk Priorities for 2020 – A Qarar Survey

The new normal in strategic risk management About the Survey Over the years, organisations have made dramatic changes to their respective risk management policies. This has largely come in response to new regulations and is set to undergo more changes as new trends and disruptions lie ahead in preparation for 2020. Changing regulations and ever-evolving customer expectations, coupled with the ... Read More »

Experian to Acquire ClearScore

Experian is pleased to announce that it has agreed to acquire ClearScore. ClearScore is an innovative UK consumer organisation that matches individuals to personal financial products, offering free credit reports, scores and personal financial education, both online and through mobile devices. ClearScore provides free access to credit reports and scores and introduces consumers to personal financial products and offers which are ... Read More »

Ripple and Saudi Arabian Monetary Authority (SAMA) Offer Pilot Program for Saudi Banks

The Saudi Arabian Monetary Authority (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using xCurrent.  This ground-breaking pilot program is the first of its kind to be launched by a central bank. Participating banks from the KSA will use xCurrent to instantly settle ... Read More »