Latest News – Page 397

Citi Highlights Increasing Integration of Traditional and Digital Assets

The transition to shorter settlement cycles and greater regulatory clarity is driving a rapid convergence between traditional and digital assets, according to a report by...

Citi Launches Token Services for Cash

Citi's Token Services for Cash has officially launched, allowing institutional clients to transfer funds between branches globally 24/7. Citi Token Services for Cash facilitates multimillion-dollar...

Encompass Acquires ING’s Compliance Startups

Encompass Corporation has acquired two compliance startups, CoorpID and Blacksmith, both developed by Dutch bank ING. CoorpID, launched by ING Labs in 2018, enables global...

Hawk AI Appoints HSBC Veteran Shearer

German RegTech Hawk AI has appointed Michael Shearer, a compliance veteran from HSBC, as its chief solution officer. Founded in 2018, Hawk AI's surveillance platform...

Circumvention of Identity Controls Represented 42% of Bank Secrecy Act Reports

The US reported approximately 1.6 million Bank Secrecy Act (BSA) filings in 2021 related to identity exploitation during account creation, access, and transaction processing, reflecting...

EquiLend Set to Be Acquired by Private Equity Firm WCAS

EquiLend, the securities lending trading platform owned by ten major Wall Street firms, is set to be acquired by private equity firm Welsh, Carson, Anderson...

Self-Styled “Next-Generation UBS” Onyx Private Shuts Down Client Accounts

US digital banking startup Onyx Private is closing customer accounts as it shifts to a B2B business model. Miami-based Onyx Private, which offered banking and...

JPMorgan to Pay $18 Million for Breaching Whistleblower Protection Regulations

The Securities and Exchange Commission (SEC) has imposed an $18 million penalty on JP Morgan for obstructing clients and brokerage customers from reporting legal violations...

Westpac and CBA Intensify Battle Against Scammers

Westpac has enhanced its efforts to combat scammers by launching real-time Confirmation of Payee security features for both consumer and small business customers. The new...

Revolut Enhances B2B Focus with Introduction of POS Terminal for Larger Enterprises

Revolut is launching a POS terminal device designed for larger businesses in the UK and Ireland ahead of Black Friday and the bustling holiday shopping...