Companies

In the realm of financial operations, staying compliant is paramount, especially under the scrutiny of regulatory bodies.

The Financial Conduct Authority (FCA) has initiated a comprehensive survey involving 20 of the largest financial adviser firms.

Navigating the complexities of the Consumer Financial Protection Bureau's (CFPB) Section 1071 rule is crucial for financial institutions across the United States. In an enlightening...

The year 2023 highlighted the urgent need for KYC (Know Your Customer) automation and effectiveness, especially in volatile markets. Financial institutions faced significant challenges due to manual processes, prompting a shift towards innovative solutions. Optimizing data strategy and focusing on relevant attributes have become critical in navigating the financial landscape efficiently, ensuring optimal outcomes and reducing workload.

Verto, the innovative cross-border payment platform catering to emerging economies, has announced a strategic partnership with Resistant AI, specialists in AI- and machine learning-powered financial crime prevention.

Revolut has recently unveiled an innovative artificial intelligence (AI) tool aimed at combating authorised push payment (APP) fraud, a sophisticated scam where criminals deceive individuals into willingly transferring money into fraudulent accounts.

EQ Bank, a leader in digital banking, has forged a strategic partnership with Trulioo, an industry-leading identity verification platform.

S-Kreditpartner, a prominent loan provider specialising in personal and automotive financing, has partnered with Regnology, a software company dedicated to regulatory reporting solutions.

In a significant development reported in October 2023, the United Arab Emirates (UAE) is on the cusp of being removed from the Financial Action Task Force's (FATF) "grey list."

In the realm of sustainability, the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) are currently at the forefront of discussions among professionals. These new mandates require EU-based companies to adopt comprehensive reporting protocols, adhering to the European Financial Reporting Advisory Group's (EFRAG) stringent guidelines. This shift has propelled the need for robust solutions to achieve compliance seamlessly.