Tallinn
The third stop of our "ICT & FinTech Mission to Tallinn" last week, courtesy of Enterprise Estonia, led us to salv, where we were hosted by Co-Founder & Chief Executive Officer Taavi Tamkivi, as well as Kadri Pirn, Vice President of the Screening and Monitoring Business Unit. Here
quantum computing
SC Ventures by Standard Chartered Bank, which builds and invests in breakthrough ventures in and beyond banking, together with Fujitsu, a leading developer of quantum software and hardware, are set to join forces to incubate Project Quanta. The project will integrate multiple software and hardware technologies to provide clients a
AML
Caulis will begin providing "Grid Data KYC" in partnership with 10 electricity transmission and distribution companies nationwide, utilizing electricity contract information to simultaneously achieve prevention of fraudulent account opening, enhancement of ongoing customer management, and reduction of management costs. The services is expected to launch on October 15,
AML
Compliance Data Lab has announced the implementation of "Compliance Station® UBO" at West Japan City Bank. This system utilizes the high-quality corporate database of Tokyo Shoko Research (TSR) to instantly provide Ultimate Beneficial Owner (UBO) information online. The introduction of "Compliance Station® UBO" will streamline West
digital assets
Hitachi, together with NTT Digital, OPTAGE, Crypto Garage, JPYC, Chainalysis Japan, Digital Platformer, NEC, Nomura, bitbank, finoject, Hokkoku Bank, and Laser Digital Japan, has begun a proof-of-concept experiment from February to April 2025 aimed at improving the effectiveness and standardization of anti-money laundering practices for digital asset trading including cryptocurrency,
AML
Compliance Data Lab (CDL) announced that six companies within the MS&AD Insurance Group have adopted Compliance Station UBO+, a service providing immediate online access to Ultimate Beneficial Owner (UBO) and capital chain information. The six companies are MS&AD Insurance Group Holdings, Mitsui Sumitomo Insurance, Aioi Nissay
regulation
The Financial Services Agency (FSA) has published a draft summary of issues and practices for dialogues on verifying the effectiveness of anti-money laundering measures for public comment, due by Thursday, February 20, 2025. The FSA emphasizes a shift towards continuous self-assessment by financial institutions, coupled with in-depth dialogue with the
KYC
ELEMENTS has resolved to acquire shares of Polarify, a subsidiary of Sumitomo Mitsui Financial Group, making it a consolidated subsidiary. SMBC Group will continue to maintain ownership of Polarify shares. The business integration of these industry leaders will expand their customer base to approximately 550 companies with a cumulative total
banking
The Financial Services Agency (FSA) has issued a business improvement order to AEON Bank pursuant to Article 26, Paragraph 1 of the Banking Act. I. Content of the Business Improvement Order 1. The Bank shall implement the following measures to foster a sound risk culture that emphasizes anti-money laundering and