Sanction Lists Screening is a critical process to ensure that companies comply with international and local regulations, such as combating money laundering, terrorist financing and corruption. However, one of the biggest challenges of this process is handling false positives, situations in which matches to sanction lists are not actually the correct people or entities. This […]
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Ethics and Transparency should be key pillars in any institution, whether public or private. However, on a day-to-day basis, we find that there is still a long way to go. Irregular behavior and acts contrary to current regulations have been normalized to such an extent that they seem to fall within a misleading legality. Putting […]
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A day after its publications in the BOE, the RD 958/2020 that regulates advertising in gambling comes into force. About sponsorship and advertising in gambling At Araua RegTech we have summarized the most important points of this RD. It must also be considered there are several exceptions. In addition, compliance terms of some sections included […]
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The digital transformation in financial and insurance is not only creating new business models emergence business. It is, also, changing our patterns of interaction. In that sense, in last years, we have witnessed how it has gone from interacting with banks and insurance companies in person to do so in a digital way. Undoubtedly, this […]
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The Spanish National Cybersecurity Institute awards Araua RegTech as the third most innovative project in Ciberemprende contest. The Demo Day of this contest, which started in October 2019 with thirty (30) projects closely related to Cybersecurity, took place within the Tech Spirit in Barcelona on February 25, 2020. Among the wide range of selection criteria, […]
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Bitcoin, Ethereum, cryptocurrencies, cryptoassets, virtual currencies… Blockchain has brought a whole new vocabulary for describing new forms of possession and transfer of value around the world. However, while the potential benefits of cryptoassets are many, without adequate regulation, they run the risk of becoming the safest instrument for conducting illegal financial transactions, linked to money […]
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NAIZ (GARA) newspaper publishes an article on Araua RegTech and its commitment to transform the world of digital identification. Link to the article on ArauaRegTech at NAIZ.
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While there is a generalized opinion about the need for Regulation, many are against it, arguing that it brakes on innovation. However, RegTech (Regulatory Technology) is the proof. It is where Regulation and Innovation converge. It is true that the financial sector is one of the most regulated sectors. However, we must not forget what […]
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A Digital Identification System, based on biometrics, specifically on facial recognition, not only helps automate and improve registering users and/or customers processes. When it is an activity non suitable for minors, it has been shown that parental controls are not entirely effective, apart from non-digital alternatives for experiencing or practicing such activity. This is the […]
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Complex regulatory changes are forcing many companies to change the way they operate. Regulation continues, therefore, driving the strategic agenda. Thus, one of the fastest growing areas is experiencing and, more quickly, the RegTech sector (Regulation & Technology). It is the RegTech Revolution. As we have already collected in previous entries, RegTech consists in the […]
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