Risk Management

Sigma Ratings, which provides clients with a unified view of risk, has named Alison Clew as its new independent director.

Climate X, which designed financial risk modelling for climate chance, has raised £1.1m in its pre-seed round.

Facebook has added a new perk to its bug bounty program that will pay bonus rewards to researchers based on the time it takes the social network to fix a vulnerability after it's found and reported by bug hunters.

FNA (Financial Network Analytics), which specialises in advanced network analytics and simulations, has received an investment from German cybersecurity firm Giesecke+Devrient (G+D).

When the coronavirus pandemic spread like wildfire in the early months of 2020, many companies and individuals alike had no idea what was to come – and how their work lives would change. With widespread vaccines, many companies are beginning to open up again, but what will be the ‘new normal’ for the financial sector in terms of working arrangements?

Technology has the potential to combat money laundering and terrorist financing (AML/CFT) therefore making compliance faster, cheaper and more efficient, according to a new blog post by Sigma Ratings.

The Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls.

Natwest, the Canadian Imperial Bank of Commerce, ITAU and the National Australia Bank have joined forces to create a new marketplace for firms to buy and sell carbon offsets.

UK-based Quantexa has raised $153m in a funding round led by Warburg Pincus along with a slew of undisclosed blue-chip investors as it seeks to accelerate regional expansion and develop new products in areas including banking and insurance.

With the ever-changing regulatory framework and the proliferation of threats, every business – irrespective of the sector it is in - needs effective and updated policies and procedures. To ensure policy management, it is key to embed the culture of compliance within the organisation.