Credit Suisse given £147m fine by the FCA for tainted loan, bond exchange
The Financial Conduct Authority (FCA) has issued a £147m fine to Credit Suisse due to severe due diligence deficiencies linked to dealings with the Republic of Mozambique.
Newly launched Audit Sight to capitalise on growing audit industry with seed funds
Audit Sight, which develops auditing technology for financial services, has collected $2.5m in its seed round.
Clear seeks international expansion with its Series C capital
India-based Clear, a provider of tax and financial services software, has scored $75m in its Series C funding round.
BNPL regulatory crackdown on the horizon as UK Treasury launches consultation
The Treasury has unveiled a consultation on the policy options for the buy now, pay later (BNPL) sector as potentially firmer regulation on the market comes into sight.
PensionBee levels up compliance processes through Clausematch deal
PensionBee, a digital pension provider, has implemented the software of Clausematch, a RegTech100 company, to manage its internal policies and controls.
How to cope with the rising complexity of regulation
As the regulatory landscape continues to grow in complexity, firms are consistently having to upscale their compliance teams to cope.
Data management solution FTAPI Software collects €15m in funding
FTAPI Software, which builds software for secure data transfer and workflow automation, has raised €15m in fresh funding.
Clausematch’s partnership with Barclays Bank reaches new heights
Clausematch, which builds tools to automate policy management and compliance, is now used by 90,000 Barclays Bank employees around the world.
Data privacy as API solution Skyflow collects funding
Customer data privacy company Skyflow has collected $45m in Series B funding, which was led by New York-based private equity firm Insight Partners.
UBS issued $500,000 fine from CFTC
The Commodity Futures Trading Commission (CFTC) has issued a $500,000 fine to UBS for alleged violations of audio recording regulations.
