Source: HKMA

The Hong Kong Monetary Authority (HKMA) today (25 March 2021) launched the “Global Regtech Challenge”, a competition designed to raise the Hong Kong banking industry’s awareness of the potential of Regtech adoption.

Source: Jumio

Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies.

ABN Amro has teamed up with research outfit TNO to develop "self-healing" cybersecurity software that repairs itself when under attack from viruses.

Source: Kyckr

Kyckr Limited (ASX:KYK) (Kyckr or the Company), a B2B information services company is pleased to announce its partnership with BAE Systems Applied Intelligence, a proven enterprise solution provider of advanced analytics, to jointly address anti-money laundering and compliance challenges of regulated firms by delivering accurate and efficient know-your-customer (KYC) and customer due diligence (CDD) solutions.

Crooks have allegedly posted the personal details of several employees of Flagstar Bank, which is the latest financial institution to suffer a data breach thanks to a vulnerability with file sharing software from vendor Accellion.

The European Banking Authority (EBA) has taken all email systems offline after being hit by a cyber-attack targeting its Microsoft Exchange Servers.

Source: CMSPi

Nearly a decade after federal regulators forced U.S. banks to lower fees charged to process debit card transactions, much of the savings has been eroded and the United States has not kept up with other countries’ work to bring rising debit and credit card fees under control, according to a report released today by global payments consulting firm CMSPI.