compliance

In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations.

Source: merriam-webster.com

Biometrics Streamline Age-Sensitive Transactions as Privacy Concerns Persist
Biometrics Streamline Age-Sensitive Transactions as Privacy Concerns Persist
March 18, 2024  |  Biometrics

Biometric technologies have garnered increasing attention and adoption in recent years, transforming the authentication and digital identification landscape across various industries.  From fingerprint scans to facial recognition and iris...

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G20 Lays Out Cross-Border Payments Roadmap
G20 Lays Out Cross-Border Payments Roadmap
February 29, 2024  |  Cross-border Payments

In 2020, the G20 leaders endorsed a roadmap to improve cross-border payments experiences and infrastructure.  The goal was to make cross-border payments cheaper, faster, more transparent, and...

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UK Electronic-Money Company Transactive Systems to Cease Operations
UK Electronic-Money Company Transactive Systems to Cease Operations
February 28, 2024  |  Regulation

Transactive Systems, an electronic-money company in the United Kingdom, is reportedly ceasing operations following the revocation of one of its licenses due to concerns about...

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CFPB Establishes Supervisory Authority Over World Acceptance
CFPB Establishes Supervisory Authority Over World Acceptance
February 26, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken action to establish supervisory authority over installment lender World Acceptance Corp., saying it aims to ensure compliance with federal consumer...

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Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA
Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA
February 22, 2024  |  AML

Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said...

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Kani Payments and Pismo Partner on Data Reconciliation, Reporting Platform
Kani Payments and Pismo Partner on Data Reconciliation, Reporting Platform
February 21, 2024  |  Partnerships

Kani Payments, a global data reconciliation and reporting platform, has formed a strategic partnership with Pismo, an issuer processing and core banking platform. This partnership extends...

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Spektr Raises $5.4 Million to Expand Automation-Led Compliance Solution
Spektr Raises $5.4 Million to Expand Automation-Led Compliance Solution
February 21, 2024  |  Investments

Spektr came out of stealth and announced it raised 5 million euros (about $5.4 million) in a seed round. The company offers advanced automation for...

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Closing the Books on the Global Challenge of X-Border Accounting
Closing the Books on the Global Challenge of X-Border Accounting
February 06, 2024  |  Cross Border Commerce

One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle...

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PortX, Hummingbird Partner to Fight Financial Crime
PortX, Hummingbird Partner to Fight Financial Crime
February 06, 2024  |  Partnerships

PortX, an integration technology company for financial institutions (FIs), has teamed with compliance platform Hummingbird. The collaboration is designed to make it easier for FIs to use...

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