Corporate Leaders

Theta Lake, the market-leader in digital communications governance and archiving (DCGA) solutions, has announced that it is adding over 100 new capabilities to its...

FinTech Global recently spoke to RegTech firm Qkvin to explore what the five major challenges financial institutions face with financial crime and how Qkvin can resolve them.

The global RegTech sector is projected to reach a value of $66.9bn by 2032, growing at a 22.6% CAGR from 2023, according to a report from Allied Market Research. Given its size, it is evident that the market is full of various types of RegTech solutions all claiming to revolutionise the output of compliance teams.

FinTech Global recently spoke to multiple industry players to get their insights on whether financial institutions are keeping up with modern sanction/PEPs lists monitoring...

The war in Ukraine has underscored how quickly sanction and PEPs lists can change. Since 2022, the US, UK, EU, Australia, Japan and Canada have imposed over 16,500 sanctions on Russia, according to the BBC. The current turbulent geopolitical scene means financial services firms need to be ready for regular, and often sudden, changes to PEPs and sanction lists. FinTech Global recently spoke to several industry players to ask whether financial institutions are keeping up with the modern sanction/PEPs landscape.

A recent study from Theta Lake, a pioneer in digital communications governance, found that 69% of IT and compliance professionals expect the use of unified communication and collaboration (UCC) tools to increase in 2024. With firms using an average of 4.6 communication and collaboration tools, it is evident that UCC tools have become an embedded and essential part of modern business, but firms must ensure they are compliantly getting the full value of these tools.

The current communication monitoring landscape is a ‘wild west’, and firms need to ensure their processes are nimble so they can adapt to new and evolving communication channels.

Money laundering is the lifeblood of organised criminals – put simply, without the ability to move and convert criminal proceeds into “clean” money to fund further crime and the lavish lifestyle criminals aspire to, organised crime gangs cease to function.

Go back two decades and business email compromise (BEC) was a major threat to business security. Despite the advances of technology and cybersecurity, BEC is still as big of a threat as ever. However, it doesn’t need to be the case. There are solutions out there that can not only protect firms from malicious emails but prevent them ever getting into the inbox.

There has been a global trend within FinTech over the past year – a drop in total funding volume. However, Asia seems to be defying this trend.