Swiss financial markets regulator Finma has updated its rules for digital client onboarding to reflect advances in technology such as the ability to authenticate a user with a "selfie with liveness detection".
Cambridge Blockchain and IHS Markit have teamed up to bring distributed digital identity technology to the collection and management of know-your-customer information.
Norway's Signicat has secured €1.36 million in phase two funding from the EU's Horizon 2020 programme with the objective of creating a fully-compliant ID assurance and digital onboarding toolbox for use by European financial institutions.
One of China's senior financial regulators has stated that the government will only support fintechs that serve the real economy, casting further doubt on the future of virtual currencies and related technologies within China.
The Australian Senate has passed legislation extending anti-money laundering and counter-terrorism financing regulation to digital currency exchanges.
Credit Suisse says that a new big data platform and the intelligent deployment of software robots is reversing years of rising compliance costs.
15 November 2017 | 7771 views | 0
A row has broken out between the US capital markets watchdog and a number of exchanges over the plan to impose a new market surveillance system on the US equities and options market.
Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.
Compliance and KYC specialist Accuity has integrated its financial crime screening suite with R3's distributed ledger technology platform, Corda.