RegTech

After a tough 2020, the world looked to 2021 with the optimism of a new beginning and hoped for respite from the Covid-19 pandemic. While the pandemic still looms large, businesses globally are learning how to operate in this new normal. With in-person interactions still a stretch for many, RegTech solutions are being given their time to shine.

South Korea’s Financial Services Commission and the Korea Exchange have launched an integrated ESG information platform.

The Hong Kong Monetary Authority (HKMA) will develop a green sustainable finance module for banking practitioners following recommendations from Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group.

The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.

A large-scale phishing study by ETH Zurich has found that the youngest and oldest people are most likely to click on phishing links.

Leveraging Communications Data as an Enterprise Strategic Asset

Cybersecurity firm ZeroFox has entered into an agreement with special purpose acquisition company (SPAC) L&F Acquisition Corp to become a publicly traded company and will also acquire digital privacy company IDX.

The Securities and Exchange Commission (SEC) has fined JPMorgan $125m due to ‘widespread and longstanding failures’ by the bank to maintain and preserve written communications.

The Financial Conduct Authority (FCA) has published two policy statements that confirm the final rules and guidance to promote better climate-related financial disclosures.

US-based API security firm Noname Security has secured the unicorn horn after a recent $135m Series C pushed its valuation over $1bn.