Why compliance teams need dynamic configuration
Regulatory processes are constantly changing, whether its new data being requested or updated risk factors and form requirements. Compliance teams need to be able to keep up with the fast paced changes.
EU slaps £319m fine on UBS, Nomura and UniCredit for bond cartels
The EU’s antitrust office has fined UBS Group, Nomura Holdings and UniCredit £319m for participating in a European Government Bonds (EGB) trading cartel.
Just 52% of staff in European financial institutions believe their board has is a...
Just over half of employees in European financial institutions believe there is a strong attitude towards anti-financial crime (AFC) from the top, new research claims.
ClauseMatch deploys into Diginex to improve compliance processes
Compliance management company ClauseMatch has deployed its policy management technology into Nasdaq-listed Diginex.
SEC charges healthcare company with multimillion dollar fraud
The Securities and Exchange Commission (SEC) charged a New Jersey-based healthcare company and its founder with fraudulently raising nearly $4m from over 130 investors nationwide through the sale of membership units in the company.
ThetaRay nets $31m in fresh capital to help grow its market reach
ThetaRay, which claims to accelerate cross-border payments between banks whilst protecting them from financial crime, has netted $31m in funding.
MAS launches a green finance taskforce to double down on sustainability in the FinTech...
A green finance task force convened by the Monetary Authority of Singapore (MAS) has issued a slew of initiatives for financial institutions to enhance climate-related disclosures and green capabilities.
The UK’s FCA has sent more than 4,000 staff on mandatory cybersecurity training
The UK’s Financial Conduct Authority (FCA) has sent over 4,000 staff on cybersecurity training to help combat online threats.
Bank of America reportedly agrees to settle in overdraft fees case
Bank of America has reportedly agreed to pay $75m in the settlement of a lawsuit, which accuses the bank of extracting overdraft fees it didn’t earn from customers with savings and checking accounts.
How will AI and automation disrupt the KYC and onboarding process for FinTech firms?
While banks have traditionally had a large workforce to complete the manual processes required for know your customer (KYC) and onboarding processes, embracing automation and modern technology is the way ahead. But where does that leave the future of RegTech?
