“By leveraging the power of oneZero’s technology we continue to provide our clients with a solution that streamlines their reporting processes and addresses the evolving complexities of trade reporting in today’s landscape.”
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Introducing Kadena SpireKey, a human-friendly and secure way to seamlessly interact with any application by removing complex signing processes.
This escalation in regulatory requirements signifies an increasing demand for third-party services that simplify compliance with AML/CFT and regulatory reporting.
Historically, teams or organisations looking for a quick and proven path to modern, AI-driven financial crime compliance had to sacrifice functionality for speed.
“By merging Fraud and AML prevention into a single, powerful solution, we enable financial institutions to capitalise on the synergy to improve detection rates, reduce operational costs and prevent fraud in real-time.”
VALR, a global crypto exchange serving professional traders and over half a million retail traders worldwide, is pleased to announce the listing of PayPal USD (PYUSD) against USDT and the South African Rand (ZAR) on its platform, effective Tuesday, January 30, 2024.
Banxa, the leading payments infrastructure provider for the crypto-compatible economy, has announced it will add the SUI token to its platform.
Competent authorities are expected to report compliance within two months of official EU language translations, and the amending Guidelines will be effective from 30 December 2024.
Traydstream specializes in intelligent data extraction using AI and optical character recognition. Its technology significantly reduces the time needed for document checks in trade transactions, leveraging a machine-learning engine with an extensive rule database.
The enterprise-grade integration manager for simplified connection with financial messaging networks
“Payments play a critical role in the user experience for financial services providers, and the market is becoming increasingly competitive. We are proud to partner with Curve to enhance the product it is offering to its customers, and to enable Curve to reach its customers, wherever they are and however they want to pay.”
“Sumsub solutions now can be discovered and tested via the NayaOne Digital Transformation Platform, helping our ongoing mission of catalysing innovation across the final sector.”
Swarm adopts a dual strategy, combining the security of regulatory compliance with the dynamism of decentralization. The platform currently supports 11 tokenized assets, ranging from tech giants like Apple and Microsoft to fixed-income products like iShares US Treasury bonds.
“When it comes to our brokers, we fully acknowledge the importance of reporting. This is exactly why we are happy to provide our Reporting API to all clients free of charge. We also remain open to integrations and development work with other solution providers like TRAction that help make brokerage operations more convenient.”
In the AML action, Deutsche Bank’s DIMA, without admitting or denying the SEC’s findings, agreed to a cease-and-desist order and a $6 million penalty. In the ESG misstatements action, the company consented to a cease-and-desist order, censure, and a $19 million penalty.
“The manual process we had before was so tedious. I’d recommend anyone wanting to streamline their CDD / KYC processes to utilize First AML Source.”
The growth of the crypto market hinges on service providers’ ability to address the diverse needs of its users, spanning geographical and expertise differences, to foster comprehensive adoption.
Aarna Capital taps Apex Group’s EDB’s Digital Banking to streamline multi-asset brokerage operations
“In EDB, we have a platform that offers exceptional digital functionality with multi-currency accounts, 24/7 access, and immediate withdrawal facilities. In particular, their multi-currency cash sweep module enables us to effortlessly optimize our cash management, automating time deposits across leading counterparties. We have been impressed by the speed and ease of account opening through EDB’s onboarding portal, with the support and advice of their expert team.”
German financial watchdog BaFin has extended money laundering controls at challenger bank N26, which is one of Europe’s most highly valued fintechs, due to the ongoing “deficiencies” in its systems.