Tag: Wealth management

HSBC’s Swiss private bank is winding down relationships with more than 1,000 ultra-high-net-worth clients across the Middle East after classifying many of them as...

M-Files has unveiled a major update to its long-running partnership with Microsoft, announcing that it will now natively store content in Microsoft 365 through...

For years, transaction monitoring (TM) in wealth and asset management has lagged behind the standards set in retail banking. Yet, given the complexity of...

Since the Financial Conduct Authority (FCA) formally introduced Consumer Duty in July 2023, the regulation has significantly influenced how UK financial institutions approach customer outcomes.

The FCA has announced it will not move forward, for now, with plans to extend its Sustainability Disclosure Requirements (SDR) and sustainable investment labelling...

Since its official launch in July 2023, the Financial Conduct Authority’s (FCA) Consumer Duty has become a cornerstone of UK financial services regulation. Designed...

Sustainability has evolved from a fringe concern to a central pillar in financial services strategy. With the demand for transparency and accountability rising, financial institutions are under increasing pressure to integrate environmental, social, and governance (ESG) factors into every level of decision-making. Data management, climate scenario modelling, and ESG analytics are becoming critical tools in the journey toward sustainable finance.

The financial sector, including banks, payment firms, FinTechs, and wealth and asset managers, faces significant challenges in interpreting regulatory guidance and converting it into...

Anti-money laundering (AML) strategies in the wealth and asset management (WAM) sector are undergoing significant transformations to combat financial crimes more effectively.

In an era where regulatory oversight of the wealth and asset management sector is intensifying globally, the stakes for compliance have never been higher. This sector, pivotal to national economies, plays a crucial role in helping consumers manage their assets and achieve their financial goals. However, its significance also makes it a potential target for misuse by malicious entities aiming to launder money.