Compliance Management

SM&CR has increased emphasis on personal accountability within firms and caused many senior managers to abandon ship for less risky roles, Ascent partner lead Maria Phillips told FinTech Global.

Regulators in the Philippines are worried that they might be put on the Financial Action Task Force’s (FATF) list of countries with questionable commitments to avoid money laundering and terrorism funding.

Biometric authentication will be used to secure over $2.5 trillion worth of mobile payment transactions by 2024, according to an investigation from Juniper Research.

SAR, a data analytics platform for securities class action (SCA), has netted $1m in seed funding from a group of angel investors.

Fines for the General Data Protection Regulation (GDPR) might be as numerous or large as initially anticipated, but there have been some hefty penalties. The ten largest financial fines for GDPR failures total €402.6m.

Australian bank Westpac will see its CEO Brian Hartzer step down next week as the lender is facing money laundering and terrorism financing allegations.

DekaBank has picked Clearstream to handle its post-trading services such as settlement, custody and asset servicing for its securities activity in Europe.

Edinburgh-headquartered TSB Bank will sack up to 400 people and close 86 branches across the UK as the lender also announced new tech investments.

The U.S. Commodity Futures Trading Commission’s (CFTC) has released its report for the fiscal year 2019.

This list identifies the world’s most promising enterprises developing solutions to solve financial services firms and other businesses’ risk management, compliance and cybersecurity concerns.