Bank KYC/AML compliance is broken, and blockchain can fix it
Not only is decentralisation the best solution. It might be the only solution. One of the least-sustainable trends in existing financial services is hidden away in the background. Compliance costs, which refers to the cost of handling legal obligations such as KYC/AML, are a growing stone in the shoes of financial services. And it’s growing […]
Change Financial looks to shake up the status quo for financial enterprise
US-based yet ASX-listed fintech company Change Financial (ASX: CCA) has announced three commercial deals to assist the growth of its enterprise division ahead of the full launch of its Software as a Service (SaaS) solution. The fintech newcomer has secured variously structured deals with Mastercard, Central Bank of Kansas City (CBKC) and Pulse, respectively. The […]
Advice industry must think bigger: Netwealth
Australia’s financial advice industry should pay heed to the likes of Facebook, Google and Uber if it is to meet the evolving expectations of clients. Speaking at the inaugural IMAP InvestTech conference in Sydney today, netwealth joint managing director Matt Heine said the advice industry is not thinking big enough, putting itself at risk of […]
Tesco Bank CEO Benny Higgins to chair ASX-listed fintech Kyckr
The chief executive of Tesco Bank in the United Kingdom will become chairman of ASX-listed fintech company Kyckr early in 2018 in a reshuffle of the boardroom. Benny Higgins, who runs the banking arm of the £15 billion ($27 billion) supermarket giant will come into the role with three decades of banking experience after stints […]
Change Financial partners in Blockchain & cryptocurrency business solution
Change Financial Limited announces it has entered an in-principle agreement to develop an innovative blockchain and cryptocurrency technology to provide solutions for the $1,250 trillion global payments market [1]. Continuing with its vision to create a ‘better way of banking by utilising innovative and leading technology’, the Company is investing in a partnership to […]
Avoka partnership assists banks with anti-money laundering efforts
Avoka, the provider of frictionless digital customer acquisition for financial services, announced an agreement with Mitek, a global leader in mobile capture and identity verification software solutions. This means Mitek’s suite of identity verification products will be fully integrated within Avoka’s Transact offering as part of a complete customer acquisition solution, now available to global […]
Web Shield & iSignthis to deliver unified legal entity & UBO KYC
Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd, the global leader in RegTech for identity verification, is pleased to announce that it has executed an agreement to integrate its Paydentity™ UBO Service with Web Shield Ltd’s InvestiGate platform. Web Shield is a world leader in Know Your Customer Corporate/Business (KYCB) Customer due diligence […]
iSignthis goes live with Tradefinancial.com.au
Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX: ISX / DE: TA8), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to announce that it has completed integration of its services to ASIC regulated Tradefinancial. As previously announced, iSignthis offers payment facilitation services in Australia (ISXPay®), via its […]
