There’s no dismissing the fact that all UK payments will soon need to be instant. This is not a rising need limited to the British Isles either, considering the EU’s Instant Payment scheme and the fact that more than 100 jurisdictions have access to fast payments systems. The low costs, speed, and safety of account-to-account … Continued
RelyComply and The Payments Association (TPA) are joining forces to help payments companies tackle financial crime more effectively.
RelyComply has partnered with the Building Societies Association (BSA) to strengthen AML and financial crime resilience across the UK mutual sector, combining sector expertise with end-to-end compliance capabilities.
Money laundering isn’t just a compliance checkbox – it’s a lifecycle problem. Criminals don’t just transfer illicit funds once; they purposefully take them through a sequence of stages, each designed to defeat regulatory controls and conceal the origin of proceeds. Understanding the 3 stages in money laundering, namely, placement, layering, and integration – is foundational … Continued
Last year, we made our debut at MoneyLIVE Summit as part of StartUp City – and walked away with the award for Best Use of Emerging Technology. This year, we returned with even bigger ambitions: as a Gold Sponsor, hosting a thought-leading panel and creating an interactive experience at our stand that drew the biggest … Continued
FCA compliance has often been at the odds of facilitating swift payments and e-payment innovation, and that’s showing no signs of stopping. Beyond customers’ expectations to see their payments settled in milliseconds, regulators are making that process mandatory, and now, operational hazards face even further scrutiny following updated FCA guidelines around safeguarding customer monies. As … Continued
Under a swathe of unprecedented payment modernisation, AML measures at financial institutions (FIs) are under threat. With real time transactions pinging from country to country across e-commerce sites, remittance fintech apps, and in offline channels, there’s never been a more fertile period for payment service providers (PSPs) to enhance their digital experiences. But also to … Continued
In times of economic uncertainty, the financial crime risk UK firms face can pass by as yet another challenge placed on the back burner. The macroeconomic climate changes at the drop of a hat in an increasingly connected world – one experiencing multi-regional political tension – and any hesitance from investors and consumers will have a hit on the firms … Continued
Exploring how Africa’s rapid fintech expansion can achieve elite compliance through RegTech partnerships to grow nationally and internationally.
If you digitally hand over a scan of your passport or driving license without knowing the recipient, or the reason behind it, there’s a high possibility of it ending up in harmful hands. What’s worse is this exact act of ID theft has been committed by a third of people in the UK. There are … Continued