Revealing the obstacles RegTech companies must overcome to keep on booming
The RegTech industry is growing massively, but there are still challenges to tackle head-on to keep expanding.
Cybercrime, new laws and Brexit revealed as major concerns for British financial services firms
The UK’s impending divorce from the EU may be grabbing the headlines at the moment, but cybersecurity and regulatory compliance concerns are also among the top worries of British financial services.
Austria’s financial regulator makes extension for PSD2 interfaces
The Financial Market Supervision in Austria (FMA) has issued a temporary extension for PSD2 interfaces, to ensure a seamless functioning of payment transactions.
UK banks ahead of US and Canada for integrating fraud and financial crime compliance...
UK banks are ahead of those in Canada and US for integrating their fraud and financial crime compliance systems and activities, according to new research from Ovum, on behalf of analytics software firm FICO.
Puerto Rican challenger bank Zenus Bank pics NICE Actimize for its AML protection
Zenus Bank is a new neobank based in Puerto Rico. In preparation of its planned fourth quarter launch, it has now tapped RegTech company NICE Actimize for its autonomous financial crime management.
Fabrick launches two turnkey PSD2 solutions
Italian RegTech company Fabrick has launched two ready-to-use solutions enabling companies to remain compliant with the updated Payments Services Directive (PSD2).
Merrill Lynch fined $300,000 for failing to promptly produce audit trail data
The U.S. Commodity Futures Trading Commission has issued a $300,000 fine against Merrill Lynch, a registered futures commission merchant, for failing to promptly produce records and ensure staff comply with regulations.
Why do businesses fail to comply with MiFID II?
The EU’s Markets in Financial Instruments Directive (MiFID II) is a complicated piece of legislation. Still, no business can afford to get it wrong.
RDC launches new AI-powered tool to boost compliance
Regulatory DataCorp, or RDC, has just unveiled AI Review, an artificial intelligence-backed compliance screening solution.
Singapore authorities launch FinTech compliance programme
The Monetary Authority of Singapore (MAS) and the Singapore Academy of Law (SAL) have announced plans to boost compliance among the country’s FinTech firms.
