NatWest could face £340m fine following money laundering neglect
NatWest has pleaded guilty to money laundering failings amounting to £365m from UK-based jeweller Fowler Oldfield.
Climate disclosures to become mandatory in Japan from April 2022
Japan’s Financial Services Agency (FSA) has revealed it intends to make climate disclosures mandatory for large Japanese companies from April next year.
CSS removes compliance burdens with launch of new document production tool
RegTech100 company Compliance Solutions Strategies (CSS) has launched its Document Production Centre to help investment managers automate compliance procedures.
How the pandemic supercharged the growth of the digital signature market
A huge challenge for companies and consumers alike during the pandemic was the inability for business matters to be conducted in-person. As countries globally entered lockdowns, the possibility for wet signatures – a signature commonly done with pen and paper – become almost impossible.
Will digitizing regulations drive the next great leap forward for RegTech?
Founded in 2014, RegTech firm Clausematch markets an automated policy management and regulatory change management platform to help financial institutions amongst other regulated organizations digitize their policies and procedures. As organizations look to simplify their regulatory processes, does digitization represent the future of compliance?
Is RegTech the way to transform customer experience?
In a three-part series on the topic of customer experience, TAINA CEO Maria Scott has recently discussed in the first article how regulatory technology is the ‘next frontier’ of customer experience.
Profian hits seed round close support development of confidentiality computing
Profian, a confidential computing platform that helps companies safeguard their data, has closed its seed round on $5m.
Does the FinTech industry have a compliance problem?
A recent blogpost by Sigma Ratings has detailed how the FinTech industry is facing heightened scrutiny from regulators as issues around compliance comes to the forefront.
An anniversary to forget: one year on from the FinCEN files leak
Documents from the US Financial Crimes Enforcement Network (FinCEN) were leaked to the press and published globally in September 2020. It exposed over 2,100 documents and around $2trn in transactions and showed how some of the world’s largest banks enabled criminals to move dirty money around the globe. A year on, has the industry been able to clean up its act?
Cocoon launches its leave compliance tool alongside Series A close
Cocoon has launched the first full-suite software solution that removes complex leave processes, alongside the close of its Series A funding round.
