The impact of global events on FinTech compliance and risk management
In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian invasion of Ukraine in February 2022 has dramatically altered the sanctions regime, presenting unprecedented challenges for financial institutions (FIs). This seismic shift, marked by a surge in sanctions against various entities and individuals, underscores the necessity for FIs to adapt swiftly to remain compliant.
Navigating new SEC rules: A guide for private fund advisers
The U.S. Securities and Exchange Commission (SEC) introduced a significant regulatory update on August 24, 2023, impacting private fund advisers through the adoption of the Private Fund Adviser Rules. This regulatory shift comprises several key components aimed at enhancing transparency and safeguarding investor interests. Among these, the Adviser-led Secondaries Rule and the Annual Fund Audits Rule stand out for their direct impact on fund management practices, accompanied by the amendment to the compliance review documentation requirements.
Phalanx AI secures Catalyst Grant to bolster cybersecurity innovation
Phalanx AI, a pioneering cybersecurity company, has been honoured with the Catalyst Grant from the Arlington Innovation Fund (AIF), a recognition facilitated by Arlington Economic Development (AED).
Nucleus Security secures $43m in Series B funding
Nucleus Security, a pioneer in the Risk-Based Vulnerability Management sector, has successfully raised $43m in a Series B funding round.
How customer experience can effect a bank’s profits
Elevating the customer experience stands as a crucial factor for fostering growth and bolstering brand reputation, particularly within the banking industry. It’s imperative for...
European Parliament adopts instant payments regulation to expedite fund transfers
The European Parliament, in a bid to revolutionise fund transfers, has greenlit new regulations aimed at ensuring immediate transfers to retail customers and businesses...
Understanding SEC’s latest FAQ on performance obligations for private funds
On the 6th of February, 2024, the Securities and Exchange Commission’s (SEC) Division of Investment Management unveiled a new Frequently Asked Question (FAQ) aimed...
AML challenges and digital transformation: What 2024 holds for financial services
As we step into the second month of 2024, financial institutions (FIs) and regulated entities face a future that is anything but certain. Following a year marked by considerable upheaval, the question on everyone's mind is how to best prepare for what lies ahead.
Bugcrowd secures $102m in Series E to bolster crowdsourced security services
Bugcrowd, a leader in AI-powered crowdsourced security solutions, has recently announced a significant boost to its operations with a $102m strategic growth funding round.
The European Commission answers questions about the 2040 climate target
The European Union is embarking on an ambitious journey to become the first climate-neutral continent by 2050, with a significant milestone set for 2040.
The...
