Major regulatory shift as OCC ends climate guidance for banks
The Office of the Comptroller of the Currency (OCC) has announced a significant policy reversal by withdrawing its participation in the established interagency principles designed to manage climate-related financial risks for large financial institutions.
Prudential Regulatory Authority proposes increase in FSCS protection to £110,000
The PRA has announced its proposal to increase the Financial Services Compensation Scheme (FSCS) deposit protection limit from £85,000 to £110,000.
ASIC sets new standards for climate reporting in Australia’s corporate sector
The Australian Securities & Investments Commission (ASIC) has officially unveiled its "Regulatory Guide 280 (RG 280)," a comprehensive framework aimed at guiding companies through...
Flagright secures $4.3m to enhance AI-native AML solutions in FinTech
Flagright, an AI-native AML compliance platform, has announced the successful closure of a $4.3m seed funding round.
Persefoni bags $23m funding to enhance carbon accounting software
Persefoni, a trailblazer in sustainability management software, announced today that it has secured $23 million in Series C funding.
Could quantum computing transform risk modeling and fraud detection in RegTech?
In an age where digital transformation is the order of the day for financial organisations across the globe, one key area of focus for tech and finance enthusiasts alike has been the rise of quantum computing.
How Europe is battling a $103.6bn fraud menace
Nasdaq Verafin has published a significant report, "Financial Crime Insights: Europe," which sheds light on the magnitude of financial crime across the continent.
The high price of non-compliance in financial services
As financial sectors globally face increased regulatory pressures, the fiscal footprint of maintaining compliance has surged dramatically.
Building a future-proof compliance framework in the financial sector
A robust compliance program is fundamental for any firm in the financial sector, serving as the mainstay of its operational integrity. At the heart of a successful compliance strategy lies a profound comprehension of the firm’s business model and the foresight to adapt to any potential shifts in business practices.
Scam survey reveals UK consumers’ concerns over real-time payments security
An extensive international survey conducted by global analytics software giant FICO has revealed significant insights into the uptake and security perceptions of real-time payments (RTP) among UK consumers.
