SEBI looks to ease regulatory compliance burden with debt securities merger
The Securities and Exchange Board of India (SEBI) has merged its rules for debt securities into a single regulation to ease the regulatory compliance burden on organisations.
People.ai joins the unicorn club after Series D close
Revenue operations and intelligence platform People.ai has hit a $1.1bn valuation after it closed a $100m Series D funding round.
How to ensure security and compliance when using tools such as Zoom, MS Teams?
Communication tools have saved the day for businesses after the Covid-19-induced lockdown. Therefore, organisations must fully understand the regulatory guidance on security and privacy...
Kroll introduces new KYC solution to strengthen checks, onboarding efficiency
US firm Kroll has introduced Kroll Business Connect, a new know-your-customer (KYC) tool to bolster the onboarding efficiency and KYC checks.
Japanese Financial Services Agency steps up plans to establish new ESG framework
The Japanese Financial Services Agency (FSA) has revealed it is planning to develop a new framework for the certification of ESG-related products.
Why increased regulation and compliance requirements might be a concern for FinTechs
Regulatory compliance is constantly changing and creating a ripple effect with consequences impacting the global financial sector. While keeping up with the changes can be challenging, FinTechs must have solid risk management controls in place to ease this burden.
Plaid to pay $58m to settle a class-action lawsuit centered on data privacy
Plaid agreed to pay $58m to settle a class-action lawsuit where consumers' claimed that the financial technology company obtained and used bank account credentials and financial...
SEC charges two men for allegedly misleading consumers with sales of securities
The US Securities and Exchange Commission (SEC) has charged two men and their Cayman Islands-based company for unregistered sales of over $30m of securities through smart contracts and decentralised finance (DeFi) technology.
The key regulatory challenge facing the financial industry that you should know about
Regulators are striving to strike a balance between ensuring data security and privacy, and facilitating cyber compliance. As policy-makers attempt to develop a regulatory framework for a safer digital environment, financial firms must appropriately navigate the industry’s everchanging environment.
BIS paper outlines Big Tech regulation challenges in financial services
The Bank for International Settlements (BIS) has published a paper underlining the challenges caused by rapid Big Tech growth in the financial services sector.
