Today, the trend of de-risking by banks still remains one of the greatest threats to the remittance industry. Not only does it put these businesses out of practice, it also deprives people who have limited access to the formal banking…
5 Ways RegTech will Advance in 2017
RegTech was the buzzword across financial services in 2016. As the industry firmly establishes itself in 2017 we make five predictions for which trends will help maintain RegTech’s position as the most exciting field in the future of regulated industries….
International Sanctions – What to Expect in 2017
Sanctions were very much the “go-to” foreign policy tool of choice for actors on the world stage in 2016. Although 2017 is unlikely to be as unpredictable as 2016 it could be equally as volatile for global sanctions regimes. europos…
AML/CTF Regulation 2017 – Dates for the Diary
As 2016 draws to a close we highlight the main AML/CTF regulatory changes that will come into force in 2017. What does the year ahead have in store for regulated industries and how this will shape 2018? 2017 to 2018…
Information Sharing and FinTech – A Challenge and an Opportunity for Financial Crime Policy
Combating financial crime and terrorist financing is reliant on effective government policies however, the success of these policies can face many obstacles. Last week the Centre for Financial Crime and Security Studies held an event that highlighted two key challenges…
Artificial Intelligence will drive the future of FinTech
The potential applications of Artificial Intelligence (AI) in banking was the hottest topic at FinTech Connect Live last week. From transforming wealth management to enhancing customer service, financial institutions seem to be waking up to the reality that AI will…
Two Key Lessons from the Biggest AML Compliance Stories of 2016
Recently we attended the Financial Crime and Compliance Summit at KPMG hosted by The Compliance Register. The event highlighted the challenges faced by the compliance professionals at the center of some of the biggest compliance stories of the year. In…
FinTech Finance speaks to VP Stephen Ball
In the UK for every for every £1 caught by AML regulation, £999 is successfully laundered. It’s clear the current ways firms screen and monitor their customer relationships to prevent money laundering and terrorist financing isn’t working. Stephen Ball, VP…
Financial Crime in FinTech
FinTechs are known for being agile, fast-paced and quick to market with new payment products that delight customers. But is it these same factors that make them attractive targets for terrorists and money launderers? How well equipped are FinTechs to…
europos raises $8.2 million Series A
Today we announced our $8.2m Series A funding round led by Balderton Capital, as well as the opening of our New York office this week. This investment is testament to the incredible things the team has achieved so far and we…
Key takeaways from the ACAMs UK Chapter meeting
New AML & Tax lists proposed On July 5, the European Commission (EC) outlined a proposal for key revisions to the Fourth Anti-Money Laundering Directive (4AMLD). These aim to further reinforce the European Union’s rules on anti-money laundering (AML), counter-terrorist…
AFTER BREXIT, WHAT NEXT FOR FINTECH, REGTECH & COMPLIANCE?
It’s been a turbulent couple of weeks following the UK’s momentous vote to leave the European Union – and nowhere has ‘Brexit’ caused more shock and uncertainty than in the FinTech & RegTech communities, of which 80% voted to remain, according…
Four insights from PayExpo 2016
Earlier this month the team ventured over to ExCeL London for PayExpo Europe, the UK’s largest payments event. More than 2000 delegates showed up to see 75 exhibitors and listen to 150 speakers over the course of two days – needless…
WORKING IN PAYMENTS? Here’s what you need to know to stay compliant with MLD4 (Part 2)
(Part 2 of 2) The EU’s Fourth Money Laundering Directive (MLD4) will be implemented in the UK by the end of this month and in the rest of the EU by the end of the year. On Monday we started…
WORKING IN PAYMENTS? Here’s what you need to know to stay compliant with MLD4
(Part 1 of 2) First introduced in 1991, the EU’s Money Laundering Directives aim to prevent money laundering and other financial crimes such as terrorist financing. The Fourth Money Laundering Directive (MLD4) was passed in 2015 and all EU states…