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IdentityMind On The Need For FinTech Compliance Marketplaces

PYMNTS

Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list. Automating that compliance is now a “need to have.”. Take cryptocurrencies, for instance. For FinTech firms, doing the chasing all on their own is a losing proposition. The KYC Plugin is geared toward regulatory compliance.

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OCC Highlights, AML & CRA Risks

Perficient

This particular scam involves criminals building trust with victims in digital relationships before persuading them to invest in cryptocurrency platforms, ultimately leading to financial losses. Contracts should explicitly address potential default and termination.

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The Future Of Compliance: Using Data Better

PYMNTS

and compliance teams would manually check onboarding customers to make sure their records were clear. Wiping out the manual process and handling compliance in an automated fashion can propel companies forward,” Meier said. A client who passed through compliance checks on day one might not be compliant on day 500, for example.

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Crypto Businesses Overcome The Challenge Of Getting Banked

PYMNTS

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. FIs themselves struggle with fully understanding how this industry operates, too. As Karalevi?ius

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Cryptocurrency Exchange BitFlyer Seeks to Connect World’s Largest Bitcoin Investors

Bank Innovation

cryptocurrency exchange bitFlyer wants to bridge the trading gap between two of the world’s largest bitcoin markets. is the second biggest market,” Bartek Ringwelski, chief operating officer […]. EXCLUSIVE — With its recent launch in the U.S.,

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Deep Dive: How FinTechs, FIs Can Arm Up Against Fraud

PYMNTS

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. The growing prevalence of cryptocurrencies is also complicating the finance sectors’ security efforts.

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Singapore Banks Close Cryptocurrency Firms’ Accounts

Bank Innovation

Several banks in Singapore have closed the accounts of an estimated 10 firms specializing in cryptocurrency and payments services.