RegTech

BlackRock Inc., the largest asset manager globally, has revised its decarbonisation investment guidelines, designating $150bn for funds that evaluate energy transition risks and opportunities.

HSBC and BNY Mellon have been announced as early participants in the Quantexa Q Assist program, which features a suite of context-aware generative AI technologies.

The United Arab Emirates (UAE) is experiencing a notable economic surge, becoming a magnet for foreign investments and job opportunities. This economic growth is coupled with ambitious plans under the UAE Digital Economy Strategy launched in April 2022, aiming to increase the nation's GDP contribution from digital services from 9.7% in 2022 to 19.4% over the next decade. The strategy positions the UAE as a pivotal digital economy hub both regionally and globally.

Citi has been fined $135.6m by US regulators for not making sufficient progress in addressing risk management and data governance deficiencies, four years after a cease and desist order was issued.

Global professional services firm, KPMG, has announced the launch of Clear on Climate Reporting, a new digital hub designed to assist companies in reporting the financial implications of climate-related risks and opportunities to investors and regulators.

With regulatory fines for inadequate eComms surveillance soaring in 2024, eflow Global has introduced an upgraded version of its AI-driven platform, TZEC.

Apple has avoided substantial fines from the European Commission by agreeing to open its NFC chip technology, which allows iPhone users to make contactless payments, to third-party providers.

Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.

In the dynamic world of finance, client onboarding challenges abound, driven by the need to balance enhanced customer experiences against stringent compliance requirements.

As Open Banking continues to redefine payment methods, emerchantpay's latest research highlights the driving factors behind consumer choices at online checkouts.