Financial institutions need to put conduct risk on same priority level as KYC/AML
KYC and AML have received a lot of RegTech focus, but conduct risk needs to receive more attention, according to Dilip Mohapatra, founder at Cognitive View.
Green Bay Ventures pulls in up to $46.1m for new growth fund
Green Bay Ventures has pulled in up to $46.1m for its latest growth fund, RegTech Analyst can reveal.
More industry collaboration will help boost the fight on fraud
Regulators need to improve how they handle the data they capture from license holders, according to a panel at the Global RegTech Summit.
MirrorWeb – MiFID II: A Checklist for Electronic Communications
Website and social media communication archiving platform MirrorWeb has created a guide for MiFID II’s electronic communication requirements.
ePrivacy Regulation Is Just Around The Corner…(aka Winter Is Coming!)
Compliance with GDPR has not been plain sailing and Compliance Compendium’s Gareth Gadd believes the ePrivacy regulations, which will launch later in the year, will be just as tough.
Compliance Compendium: Happy 1st Birthday GDPR!
These GDPR birthday celebrations might be a month late, but over the year, the data protection legislation baby has grown quickly and at times flexed its newly discovered muscles. And it’s going to get bigger and stronger in the coming years.
How is year two of GDPR going to differ from the first?
Keeping an eye out for what people are getting fined for will be a large part of year two of GDPR compliance, according to Renata Hoes, Chief Compliance Officer and Data Protection Officer at Generali Investments Luxembourg.
Aqubix: Using the risk-based approach to your advantage
Taking a risk-based approach during the due diligence process is often perceived as purely cost. It’s also something that will always be asked for by regulators, and costs are continuing to increase whenever there are new clients.
Specific exemptions in data sharing restrictions for AML would help combat occurrence rates
Data protection is great for society, but it can hinder a bank’s ability to detect and prevent money laundering, according to Markus Schulz, global head of Financial Crime Compliance Controls at Standard Charted Bank.
Has Open Banking realised its potential or is this just the beginning?
Open Banking has got off to a good start, but it’s time for it to capitalise on the full benefits it can give consumers and the market, according to Justin Fitzpatrick, CEO at DueDil.
