Tag: regulatory compliance

The Financial Conduct Authority (FCA) has disclosed its findings from a review of 14 fair value frameworks ahead of the Consumer Duty implementation in less than three months. RegTech platform Novatus Advisory has reviewed this and outlined the key takeaways for firms. 

The evolving financial landscape calls for a more efficient approach towards regulatory compliance. Amid increasing regulatory burdens and the dynamic nature of regulations, the focus on compliance has heightened, thus fuelling the growth of the regulatory compliance industry. Despite this, the lack of standardised terminology around common concepts, such as "regulatory mapping", remains a key concern.

A study by LexisNexis Risk Solutions has found anti-money laundering (AML) compliance is costing UK financial institutions £28.7bn and will raise to £30bn by 2023.

UK RegTech firm SteelEye has launched a suite of communication compliance tools to help financial companies access record-keeping and oversight tools.

Estonian identity verification firm Veriff has launched its new Anti Money Laundering (AML) compliance to aid companies in complying with AML regulations.

Growth equity house FTV Capital has backed cybersecurity and regulatory compliance provider A-LIGN with a $54.5m investment.

Parker Fitzgerald, a strategic advisor and consulting partner to financial institutions, has expanded its Cyber Risk and RegTech practices with two new hires.

Liaison Technologies has partnered with Authentic Web to create brand registry protocol for enhanced regulatory compliance.

Cybersecurity and regulatory compliance issues impacting IT Audit Plans

IdentityMind Global, a fraud prevention & risk management platform, has launched a new regulatory compliance solution for initial coin offerings (ICOs).