Risk Management

Publishing assessment of value statements is bound to become a headache for asset management...

UK authorities are enforcing stricter reporting rules for the asset management industry. But navigating the regulations can be tricky.

IDStrong offers free identity theft threat level scans amidst the coronavirus crisis

As the threat of identity theft is on the rise, IDStrong is hoping to give people a certain ease of mind.

Sigma Ratings closes new round led by Fitch Ventures

Risk intelligence platform Sigma Ratings has closed a new round led by Fitch Group, a global leader in financial information services, via its equity investment arm Fitch Ventures.

27.7 million adults in the UK financially vulnerable after Covid-19 – FCA reports

The UK’s top financial markets watchdog has found that 27.7 million people in the country have been left in a financially vulnerable state in the coronavirus aftermath.

MAS penalises Singaporean bank branch S$1m for fraud, terrorism failures

The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.

DarkSide ransomware behind Colonial Pipeline incident, FBI claims

The FBI has declared that the cybercriminal behind the recent Colonial Pipeline was a ransomware variant known as DarkSide.

FCA warns cryptocurrency companies are failing to meet UK AML requirements

The Financial Conduct Authority (FCA) has said a ‘significantly high’ amount of cryptocurrency firms are not meeting UK requirements on money laundering prevention.

Klarna under fire by Swedish watchdog for bank secrecy breach

Sweden's financial watchdog Finansinspektionen is investigating payments firm Klarna over a potential breach of banking secrecy laws in connection with an IT incident at the firm in May.

UK financial institutions spend an average of £374k annually on preventing financial crime, study...

Financial crime prevention costs UK financial institutions an average of £374k every year, according to new research from global legal company, DWF.

Vouched reels in $4.5m funding to advance identity verification platform

US identity verification company Vouched has secured $4.5m in capital from a highly subscribed funding round.

News Stories

FinTech

FinTech investment sees uptick following two sluggish weeks

There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across...
compliance

Will 2024 be the year of compliance technology?

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge...
ZeroEyes joins Lloyd's Lab for pioneering InsurTech against gun violence

ZeroEyes joins Lloyd’s Lab for pioneering InsurTech against gun violence

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.
Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.
Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint venture

Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint...

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd....

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