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Ant Financial, the financial services spin-off of e-commerce giant Alibaba, has added another string to its bow, signing its third deal this month a 
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The EU Commission should set up a taskforce to monitor virtual currencies to prevent their being used to launder money or finance terrorism, sai
Vineet Anand's insight:
Task force being establish to consider bringing Virtual Currency exchange platforms under the same EU Anti Money laundering directive without stifling innovation. The anonymity of the transactions will be under review as KYC processes will be incorporated.
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Britain's biggest banks are now spending as much as £660 million a year on anti-money laundering compliance
Vineet Anand's insight:
Britain's biggest banks are now spending as much as £660 million a year on anti-money laundering compliance. Shortage of AML professional will grow as increasing level of personal liability are being considered.
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Finextra: The UK government has set out its approach to digital currencies, vowing to start applying anti-money laundering regulation to exchanges but also promising to put cash behind research into the potential of blockchain technology.
Vineet Anand's insight:
AML requirements for digital currency operators in the UK will be introduced likely later this year. Blockchain technology is being appreciated for its distributed ledger management for other use cases by treasury!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Ant Financial becoming a strategic technology service provider for banks having added 3 banks! Valued at $150 billion with a much awaited IPO, Ant has closed a funding round of $10 billion recently