Record-breaking fines and new legal precedents set in Q3 2024 regulatory crackdown
Regulators intensified their enforcement actions in the Q32024, setting unprecedented records in the number and magnitude of penalties, according to a report from global regulatory intelligence firm Corlytics.
How automated CDI cuts processing times by 32%
Client onboarding in the banking sector can be dauntingly slow and resource-intensive, often stretching beyond 90 days to incorporate a single corporate client.
Canadian RegTech deals projected to double in 2024 as investors’ interest recovers
Key Canadian RegTech investment stats in H1 2024:
Canadian RegTech funding increased by 86% YoY
Trend analysis showed Canadian RegTech deal volume for the...
ACA Group expands international presence by acquiring Effecta Compliance Group
ACA Group, a leader in governance, risk, and compliance (GRC) solutions within the financial services sector, has recently taken a significant step to enhance its international reach by acquiring Effecta Compliance Group.
How can businesses achieve a 0.1% manual review rate?
In the ever-evolving landscape of financial compliance, the burden of manual reviews in transaction screening can be overwhelming.
Oracle unveils Investigation Hub to transform financial crime management
Oracle Financial Services, a global leader in providing integrated finance, risk, and compliance solutions, has introduced a new product.
The role of KYC in enhancing crypto wallet security and market trust
Ever wondered why crypto wallets require your details during setup? This verification process is not just a formality; it's crucial for security.
How does the gig economy shape innovations in RegTech?
AI has profoundly influenced various industries, particularly transforming the gig economy through platforms like Uber and Deliveroo.
Building a culture of compliance in telecommunications
Telecommunications companies are facing an increasingly complex regulatory landscape, influenced by rapid technological advancements and evolving consumer behaviours.
Transforming banking efficiency with Corporate Digital Identity technology
Banks are consistently faced with the dual challenges of optimizing operations and enhancing both efficiency and employee satisfaction.
According to Encompass, these challenges are...
