Canada’s OSFI eyes risk management with proposed Crypto-asset guidelines
The Office of the Superintendent of Financial Institutions (OSFI) is taking strides to adapt to the rapidly changing digital asset landscape. Reflecting the shifting risk environment and emerging global patterns, OSFI is introducing modifications to its capital and liquidity guidelines for crypto-assets.
Citi and FINOS kick-start open cloud standard initiative
The Fintech Open Source Foundation (FINOS), a hub for open innovation in financial services, and Citi, a leading global bank, have partnered to launch a project focusing on open standards for cloud control in the financial services sector.
78% of Europe’s top financial institutions faced third-party breaches
SecurityScorecard's latest research, centred on the looming Digital Operational Resilience Act (DORA) compliance deadline of January 2025, reveals a disturbing level of third-party and fourth-party cybersecurity breaches among Europe's largest financial institutions.
Effectiv, the real-time fraud combatant, secures $4.5m in seed funding
Effectiv, a real-time fraud and risk management platform servicing financial institutions and FinTech companies, has announced a fresh round of funding.
Push for transparency: SEC demands FinTech firms disclose cyber incidents
The SEC has enforced new rules requiring registered entities to divulge significant cyber incidents and to annually disclose substantial information regarding their cybersecurity risk management, strategy, and governance.
The Impact of MiCA on the EU’s Crypto Landscape
The forthcoming Markets in Crypto-Assets Regulation (MiCA) aims to standardise the regulatory landscape for crypto-assets within the European Union (EU). This is particularly significant for crypto-assets that do not currently fall under existing financial services legislation. My Compliance Office (MCO) recently explored how companies can prepare for MiCA.
Navigate complex business environments with end-to-end process visibility
Ian Philips, the Global Business Development Head of HCL DRYiCE iControl, recently explained how to untangle decision-making with business flow observability.
Cybersecurity firm Trustmi bolsters payment security with $17m funding
Trustmi, a cybersecurity-focused FinTech firm, today celebrated its global launch, aiming to revolutionise business payment security.
Contextual cybersecurity platform Cyclops secures $6.4m seed
Cyclops, a FinTech firm in the cybersecurity sector, recently announced its successful emergence from stealth.
Regulatory pressure fuels a boom in the ESG reporting software market
Rising regulatory demands and increasing stakeholder pressure are prompting a surge in demand for ESG reporting and data management software.
