How the ECCTA is reshaping costs for UK financial institutions
In October 2023, the UK implemented the Economic Crime and Corporate Transparency Act (ECCTA), setting stringent identity verification (IDV) mandates for shareholders, directors, and...
HCLTech unveils AI-driven solutions for real-time event intelligence in IT
HCLTech has launched its latest product, IntelliOps Event Management (HCL IEM), which promises to revolutionize IT operations with its AI-powered capabilities.
Norm Ai secures $27m Series A to revolutionise RegTech with AI
Norm Ai, an emerging leader in the RegTech arena, has successfully completed a significant Series A fundraising initiative, amassing $27m.
How the UAE’s exit from the FATF grey list boosts international business
The United Arab Emirates (UAE) has made significant strides in its anti-money laundering (AML) and combating the financing of terrorism (CFT) frameworks.
Treasury Prime and FS Vector team up to enhance BaaS compliance
Treasury Prime, a leading embedded banking software company, and FS Vector, a regulatory advisory firm, have announced a strategic partnership.
How Qkvin is helping financial institutions tackle the 5 major financial crime challenges
FinTech Global recently spoke to RegTech firm Qkvin to explore what the five major challenges financial institutions face with financial crime and how Qkvin can resolve them.
How Custodia’s SOC 2 Type II and ISO 27001 certifications enhance data security
The imperative nature of data security and regulatory compliance in regulated industries cannot be overstated. For organisations handling sensitive information, the pursuit of robust security measures and compliance with stringent standards is non-negotiable.
Ohalo secures £2.8m from YFM Equity Partners to expand data intelligence tech
Ohalo, a London-based company specialising in unstructured data intelligence, has announced a new injection of £2.8m in growth capital from YFM Equity Partners.
Apex Group and ACA team up to boost global client services with strategic partnership
Apex Group, a prominent financial services business, and ACA Group (ACA), a leader in governance, risk, and compliance advisory in financial services, have joined forces to expand their service offerings through a strategic partnership.
Leveraging technology for improved CRS compliance in Taiwanese FIs
The Common Reporting Standard (CRS) has significantly impacted financial institutions (FIs) globally, aiming to enhance tax transparency and cooperation among jurisdictions. Taiwan's Ministry of Finance, in a report issued in May 2024, highlighted several ongoing deficiencies in Taiwanese financial institutions' adherence to these requirements.
