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14
Dec

By Ben Preston-Marriott, On 14th December 2020

6th Anti-Money Laundering Directive (6AMLD): Biggest Changes

The 6th Anti-Money Laundering directive (6AMLD) came into effect on the 3rd December 2020 and must be implemented by regulated businesses by 3rd June 2021. After the 5th AMLD introduced so many fundamental changes to the regulatory landscape, most notably introducing a focus on ultimate beneficial owners and strengthening the need for a Know Your Business offering, will the 6th be so impactful? Harmonisation New federal regulations...

11
Dec

By Peter Murray, On 11th December 2020

W2 Wins SBC Fraud & Compliance Solution of The Year

The Seventh annual SBC awards took place on the 9th December with a small number of guests attending the physical event in Stamford bridge and over 800 guests tuning in virtually. W2 ended up winning Fraud and Compliance Solution of the Year! As the end of 2020 quickly approaches, it is all too easy to look back on this year as one filled with negatives and barriers. The pandemic clearly made...

09
Dec

By James Roberts, On 9th December 2020

W2 And Crucial Compliance Enter i-Gaming Partnership

W2 has joined forces with Gibraltar-based firm Crucial Compliance to deliver innovative data solutions, to support iGaming operators through current and future regulation. In a first for the data-services specialists, W2 will supply Crucial with data-based solutions to complement and bolster its own responsible gaming product offering. The dedicated iGaming team at W2 will work closely with Crucial’s own team...

04
Dec

By James Roberts, On 4th December 2020

W2 Named In The Fourth Annual Regtech 100 List

The 2021 Regtech100 has been announced by specialist research firm RegTech Analyst. The prestigious list recognises the world’s most innovative technology solution providers that address the challenges of dealing with regulatory pressures within financial services. The regtech industry has experienced huge growth in the last few years as banks and financial institutions grapple with the unrelenting pace of regulatory change...

02
Dec

By Peter Murray, On 2nd December 2020

W2 Announce Key Strategic Partnership With Enfuce To Help Open Up New Markets And Align KYB And KYC Compliance

W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with Enfuce to provide a range of compliance solutions through its award-winning platform. Enfuce, a leading Nordic fintech, offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. They are quickly becoming one of the most dynamic...

27
Nov

By Dean Smith, On 27th November 2020

Top 4 Most Significant Scrum 2020 Updates

The 2020 update of the scrum guide brings a leaner, clearer and less prescriptive guide for the scrum framework. For those who are not familiar with scrum it is a lightweight framework that helps organisations deliver solutions for complex problems in an iterative and incremental way that can reduce risk by adapting to change. At W2 we adopt the scrum framework within the technical team as the industry we operate in is infamously known for...

04
Nov

By Ben Preston-Marriott, On 4th November 2020

What Does It Mean To ‘Know Your Business’ (KYB)?

In the world of compliance, ‘know you customer’ (KYC) checks first came into force to stop the flow of profits from crime before know your business was ever in place. Regulated businesses were required to maintain a system of verifiable information about each customer’s identity and to ensure their customers were, indeed, who they claimed to be. However, at the...

29
Oct

By Peter Murray, On 29th October 2020

KPIs and Problem Gambling Webinar – Key Takeaways

Never go back they say! I am always a little uncertain when covering a previous subject matter in podcasts or webinars, as I am very conscious that our audience want new content and not simply a rehash of an old debate. However, even when we were coming to the end of the first recording back in September it was obvious...

08
Oct

By Ben Preston-Marriott, On 8th October 2020

Why Is Fraud Prevention Important?

Fraud continues to pose a major threat to both the UK and International economies and individual businesses. As criminals become more imaginative in their attempts to steal customers’ money, now more than ever businesses must have the correct measure in place to prevent large scale fraudulent activity. In the 2020 Global Economic Crime Survey, a monumental $42,000,000,000 was reported as fraud...

18
Sep

By Peter Murray, On 18th September 2020

Safer Gambling: Are KPI’s The Key To Accountability, Trust, And Sustainability?

The whole issue of ‘safer’ gambling and harm minimisation is much discussed. It will clearly play a critical role as the industry looks to gain trust and ensure sustainability in the face of media, political and public pressure. That focus has accelerated the drive to better understand both the issues and the potential solutions and certainly every regulator, new or...