This week a new bill, the 5th money laundering directive, was put into place in Denmark. This law amends the Money Laundering Act and the Financial Business Act. The bill works as a preventive measure against the use of the financial system for money laundering or terrorist financing.
Most businesses don’t need to store personal data; however, they need to access personal data. Having the option to access personal data securely is crucial for the transparency of any business. NewBanking provides a platform to access personal data (provided and managed by the individual) which makes the platform go above and beyond current market expectations.
RegTech100: NewBanking Identity has been recognised as one of the top 100 most innovative RegTech companies in 2020!
As technology changes so is the way personal data is being shared. NewBanking is a story about trust with a foundation based on law. Read more about the NewBanking story and our vision.