WhatsApp slapped with $267m GDPR fine for user privacy shortcomings
WhatsApp has been hit with a $225m fine by Ireland’s Data Protection Commission after it failed to disclose enough information to users about the data shared with other Facebook companies.
EPA calls for greater digital identity push in light of growing financial crime
A whitepaper by the Emerging Payments Association (EPA) has detailed that a stronger focus on digital identity could help combat soaring cases of financial crime.
Identitii unveils SaaS platform to reduce AML and CTF compliance risks
Identitii has launched a software-as-a-service platform to help firms cut non-compliance reporting risks with anti-money laundering (AML) and counter-terrorist financing (CTF).
Why strengthening reconciliation functions can help companies remain compliant
Established in 2013, European and UK RegTech leader MAP FinTech specialises in regulatory reporting solutions that arise from a number of complex and challenging international regulatory requirements. As regulator attitudes continue to evolve, how does MAP FinTech think firms can maintain regulatory compliance?
RegTech startup Lextegrity secures $5m in funding
Lextegrity, a compliance risk management and analytics software developer, has secured $5m in funding.
MAS lists the 15 finalists for its Central Bank Digital Currency solution challenge
The Monetary Authority of Singapore (MAS) has named the 15 finalists for its competition to create Central Bank Digital Currency (CBDC) solutions.
South Korea to curb Google, Apple commission dominance on in-app purchases
A South Korean parliamentary committee voted to amend a law toward banning Google and Apple from forcibly charging software developers commissions on in-app purchases,...
Singapore’s SGX unveils paper proposing mandatory climate reporting
The Singapore Exchange Regulation (SGX RegCo) has published a consultation paper that is suggesting bolstering disclosure requirements for companies around climate risk.
RBI panel recommends new regulatory framework for cooperative banks
A Reserve Bank of India (RBI) panel has proposed a new four-tier structure for regulating and improving urban cooperative banks (UCBs).
SEC and DOJ charge ex-CEO of Silicon Valley startup HeadSpin with $80m fraud
The Securities and Exchange Commission (SEC) charged the former CEO of HeadSpin Manish Lachwani with defrauding investors out of $80m by falsely claiming the company had achieved strong and consistent...
