$36bn in non-compliance with anti-money laundering, due diligence and sanctions regulations were issued in...
Financial firms around the world were ordered to pay $36bn in total due to failing to comply with legislation set up to prevent money laundering and fraud.
Ascent helps big bank with over 30,000 employees comply with GDPR
One of the world’s 50 biggest banks recently tapped REGTECH100 company Ascent to find out how to comply with the General Data Protection Regulation (GDPR).
Credit Suisse’s due diligence questioned after revelations that an executive warned against a $2bn...
Credit Suisse has long claimed that it was deceived by rouge bankers when it lent $2bn in a criticised Mozambique deal.
AML360 has become the latest RegTech venture to expand across Southeast Asia
RegTech startup AML360 has revealed ambitious plans to grow acros Southeast Asia, pushing its third-party outsourcing features as one of its key services.
UK regulator orders British banks to explain their overdraft rate hikes
Several UK banks have changed their overdraft rates to be around 40%, more than double some of their previous charges. Now the Financial Conduct Authority (FCA) wants to understand why.
UK consumer confidence doubles over the past decade
UK consumer confidence in financial institutions has doubled since 2010, according to research from Harris Interactive.
UK government propose new guidelines to boost the cybersecurity of the internet of things
Connected devices can create considerable cybersecurity concerns for businesses. Now the UK government is proposing new requirements to minimise the threat.
Payment Systems Regulator calls for opinions on regulation changes
The UK’s Payment Systems Regulator (PSR) has asked for opinions regarding competition issues which could occur following the New Payments Architecture (NPA).
Identity verification startup Persona nets $17.5m in Series A funding round
Having secured $17.5m in additional funds from investors like Coatue Management and First Round Capital, Persona is now looking to develop its solutions and grow its team.
Singapore introduces new payment regulation
The Monetary Authority of Singapore (MAS) has launched the new Payment Services Act (PS Act) which bolsters consumer protections within electronic payments.
