How economic shifts impact credit unions and American consumers
Credit Unions have seen a surge in growth towards the end of 2022, marked by increased memberships and rising interest rates.
DataTribe fuels Vigilant Ops with $2m investment for cybersecurity innovation
Vigilant Ops, an emerging leader in the automation of Software Bill of Materials (SBOM), has secured a $2 million seed investment from DataTribe.
Thales and Thirdstream partner to elevate in-person identity verification in Canada’s financial sector
Thales and Thirdstream, two prominent players in the tech world, are joining forces to redefine identity verification in Canada's financial landscape.
PCAF links with GF60 to revolutionise GHS accounting in China
The Partnership for Carbon Accounting Financials (PCAF) and GF60, a Chinese non-profit sustainable finance platform, have recently formed an alliance.
Airbus eyes expansion with potential $2bn acquisition of Atos Cybersecurity
Airbus, the renowned French aerospace company, and Atos, a major player in the IT sector, are currently in discussions regarding a significant acquisition.
Mimecast expands security portfolio with acquisition of Elevate Security
Mimecast, known for its advanced email and collaboration security solutions, has recently announced the acquisition of Elevate Security.
US regulatory priorities in 2023 & the coming years
In recent years, United States financial regulators have established themselves as global leaders in enforcement. In 2022, they imposed $3bn in fines, nearly three quarters of the world’s $4.2bn total. 2023 continued this trend, with US financial institutions paying 83% ($157.26m) of total penalty dollars, a stark contrast to their 10% share in global regulatory violations.
Revolutionising fincrime detection: Fenergo CLM & transaction monitoring’s unified approach
The journey of digital transformation has been a critical focus for financial institutions (FIs). While considerable progress has been made in digitising compliance and operational processes, a significant challenge remains: addressing Financial Crime comprehensively.
UAE and Hong Kong unite to enhance financial cooperation
The UAE Banks Federation (UBF) and the Hong Kong Association of Banks (HKAB) have recently entered a significant Memorandum of Understanding.
US’ FinCEN implements stricter reporting to combat financial crimes
The U.S. Department of the Treasury’s FinCEN has initiated a significant step in enhancing corporate transparency and combating illicit finance.