Compliance Management

The FCA has finalised rules requiring listed firms to report information and disclose targets on the representation of women and ethnic minorities on boards and executive management.

For as long as insurance has been around, criminals have been committing insurance fraud. With increasingly sophisticated fraud activity, insurers are turning to artificial intelligence and machine learning. However, they must develop standards to prevent unfair discrimination and remove any bias in these technologies.

Following the collapse of Wirecard last week, the German FinTech is now facing intense scrutiny from the authorities.

Taxdoo, automated financial compliance platform, has closed its Series A round on $21m, with London-based investor Accel leading the investment.

Red Oak Compliance is uniquely positioned to understand the needs of compliance departments and the challenges they face. In an era of fast-paced regulatory requirements, the Great Resignations, and a squeeze on resources, this is invaluable.

There are countless client lifecycle management (CLM) platforms in the market. To separate the best from the rest, KYC Portal believes firms should look at its flexibility.

SirionLabs, which offers an AI-powered contract lifecycle management (CLM) platform, has closed its Series D funding round on $110m.

EMTECH, which is on a mission to drive financial inclusion around the world, has reportedly raised $4m in funding.

Proliferation Financing (PF) is becoming an increasingly important aspect of the compliance landscape, akin to well-known areas like anti-money laundering (AML) and counter-terrorism financing (CTF). Recently, regulators, particularly in the UK, have begun implementing stricter measures to help businesses identify and mitigate PF risks.

With the number of children using digital services increasing by the year, the need for greater online financial protections is increasing considerably.