Why 2021 was a red-letter year for 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.
FCA confirms new rules on climate-related financial disclosures
The Financial Conduct Authority (FCA) has published two policy statements that confirm the final rules and guidance to promote better climate-related financial disclosures.
Transaction transparency company Tractiv nets seed round
Tractiv, a software company that helps financial services better understand their data, has received $2.25m in seed funding to support its product development.
Why Eventus Systems is a trade surveillance pioneer
The market opportunity for trade surveillance systems is steadily rising. A recent report from The Insight Partners asserted that the market will reach $2.7bn by 2028 – rising from $850m in 2019. Back in 2014, Travis Schwab sensed there would be growing demand for the sector and decided to capitalise on the gap in the market by founding Eventus Systems.
Reserve Bank of New Zealand underlines rising bank resilience from stress tests
Recent stress tests by the Reserve Bank of New Zealand (RBNZ) have shown increasing resilience in the banking sector and the benefit of continue to build capital buffers.
Fifth annual RegTech100 lists the companies compliance teams must know in 2022
As investment into RegTech skyrockets in 2021, RegTech Analyst has named the 100 must know companies in the sector as we head into 2022.
Reserve Bank of New Zealand issues cash system safeguarding consultation
The Reserve Bank of New Zealand (RBNZ) has issued a consultation seeking feedback on challenges facing the country’s cash system and the options to maintain it.
Interpol arrests over 1,000 people, seizes $27m in large-scale fraud operation
A four-month long operation conducted by Interpol between June and September this year has led to the arrest of 1,003 individuals and capturing of $27m in illegal cash.
New EU legislation set to provide more independence to national regulators
The European Commission has proposed legislative changes that would ensure national regulators have a more independent role in their supervision of the financial industry.
CBIRC calls on banks to aid supply chain finance reforms in China
The China Banking and Insurance Regulatory Commission (CBIRC) has asked banks in China to strengthen risk management in supply chain finance transactions.