FCA fines AI Rayan Bank £4m for AML failings
The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.
Prompt Security launches with $5m backing to tackle GenAI security risks
Prompt Security, a company in the GenAI security sector, announced a significant milestone today and raised $5m in funding.
Sentinels unveils new transaction monitoring platform
RegTech firm Sentinels has launched a new platform solution designed to help financial institutions detect and eliminate financial criminality faster.
Several industry associations voice concerns over AML regulation draft
In an industry-wide call to action, several prominent associations have voiced their concerns over the potential consequences of the current draft text of Recital 34 in the Anti-Money Laundering (AML) Regulation.
Smart Pension unveils three sustainable investment funds
Smart Pension, a workplace pension provider, has launched three new sustainable lifestyle strategies with different growth fund options.
How technology elevates investor experience and compliance
The asset servicing industry is currently navigating through turbulent waters, marked by escalating fee pressures, rapid technological advancements, stringent regulations, and a volatile macroeconomic climate.
3 payment trends in Asia-Pacific in 2023
The evolution of embedded and increased accessibility of B2B payments orchestration are two of the biggest trends Currencycloud sees in the Asia-Pacific region for 2023.
How can RegTechs help to combat document fraud?
One of the most pressing issues with the financial industry right now is document fraud. How can RegTech's tackle this challenge and provide more...
Hawk AI, Nikulipe link to boost AML transaction monitoring
Hawk AI has entered into a partnership with FinTech Nikulipe, a company that specialises in local payment methods in fast-growing and emerging markets.
Unveiling the cost of non-compliance: 16 firms hit with $81m in SEC fines
In a significant move underscoring the persistent focus on regulatory compliance within the financial sector, the Securities and Exchange Commission (SEC) has once again...
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