FINRA fines Citigroup $1.25m for background check failures
Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $1.25m for deficiencies in its background checks.
The EBA publishes new clarifications for PSD2
The European Banking Authority (EBA) has published a new set of clarifications regarding APIs under PSD2.
UK’s FCA extends SM&CR to FCA solo-regulated firms
The UK’s Financial Conduct Authority has extended the Senior Managers and Certification Regime (SM&CR) to FCA solo-regulated firms.
Nice Actimize joins FCA’s TechSprint
NICE Actimize an autonomous financial crime management platform, has joined the UK Financial Conduct Authority’s Global Anti-Money Laundering and Financial Crime TechSprint.
ACI Worldwide announces new RegTech tools to comply with upcoming strong customer authentication rules
Florida-based ACI Worldwide is releasing a new suite of tools to ensure businesses are prepared for the final parts of the EU’s Revised Payment Service Directive (PSD2) snapping into action in September.
KYC Portal integrates with Acuris Risk Intelligence
Based on client requests, KYC Portal has integrated its platform with the data provisioning services of Acuris Risk Intelligence. The integration is automated using the APIs available by both tools. By using the API of KYC Portal to push and pull data requests from the API of Acuris Risk Intelligence, it allows for further automation in the process flows of KYCP.
ESMA applauds Bulgaria, Denmark and Croatia’s product intervention initiatives
Authorities in Bulgaria, Denmark and Croatia have issued new product intervention measures and the European Securities and Markets Authority (ESMA) welcome them.
Why is RegTech investment around the world growing?
Investment in RegTech companies has reached record levels in the first six months of 2019. The question is why that is and if the growth will continue.
Standard Life Assurance Limited slammed with £30.79m fine for compliance failure
The Financial Conduct Authority (FCA), the UK financial regulator, has fined Standard Life Assurance Limited (SLAL) with a £30.79m fine for failing to comply with the rules regarding non-advised annuity sales.
European Commission’s GDPR verdict is that “work needs to continue”
The EU’s executive arm is happy with the implementation of the General Data Protection Regulation (GDPR) so far, but hints that more needs to be done.
