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Trulioo Fintech News: France

Thursday, 27 August 2015

With the financial technology (fintech) industry growing in countries around the world, there are many stories to tell. In the first installment of this series, we look at some recent fintech news items from France. Fintech Industry Association Created in France In June 2015, 36 French companies united to create a new industry association called

When it comes to anti-money laundering (AML) and countering the funding of terrorism (CFT) compliance, banks are facing increasing pressure on two fronts. On one hand, there are regulators that have raised the bar and their expectations when it comes to the measures used by financial institutions to prevent and detect suspicious transactions. On the

FinCEN has many important responsibilities but one of its more interesting assignments is oversight of anti-money laundering compliance by casinos (and card clubs). Casinos are under increasing scrutiny these days for lax AML compliance. In March 2015, FinCEN imposed a $10 million penalty on Trump Taj Mahal in Atlantic City, New Jersey, for violations of

What two words can strike fear in the hearts of chief compliance officers and their staff? Compliance audit. However, when compliance teams prepare ahead and put the right systems in place, there’s no need for a sense of dread. In Canada, entities that must report their compliance with anti-money laundering (AML), know your customer (KYC),

There is a growing payments trend happening affecting customers and merchants in eCommerce. Instead of using credit cards to pay for purchases, a new payment option is quickly gaining popularity: alternative financing. Currently, there are two common sources of alternative financing: third-party financial institutions and marketplace lenders. Third-Party Financial Institutions Payment companies such as PayPal,

We are delighted to be traveling across the pond to speak at the 9th annual Callcredit Fraud Summit: The Evolution of Trust on September 24th, 2015 at the Royal Institute of Great Britain. This year’s event highlights technology, consumer, data and public sector themes. Trulioo’s newly appointed president, Jon Jones, is scheduled to speak during

Due to its proximity to the U.S., it’s hardly surprising that Mexico’s biggest trading partner is its northern neighbor. However, that relationship has been showing signs of strain, particularly in the financial sector. In order to process payments, Mexican financial institutions depend on global banks for dollar clearing, which is the conversion of pesos to

We all know the importance of promoting a culture of compliance and ethics. The benefits of an ethical culture are substantial and worth every penny of investment in creating and promoting such a culture. We do not need to spend time justifying why an ethical culture is important to company financial success – it is

In June, I wrote about the changing financial backdrop of cryptocurrency — more specifically, its gradual move from an outlier financial technology to mainstream institutional acceptance, and how regulatory bodies are tying Anti-Money Laundering (AML) and Know Your Customer (KYC) best practices to that price of admission. Trulioo’s identity verification tool, GlobalGateway, is the leading