Compliance Management

In the intricate world of regulatory compliance within FinTech, the three-step standard ‘Know Your Risk’ (KYR) strategy has emerged as a beacon of simplification and clarity.

GRC (Governance, Risk, and Compliance) and cybersecurity symbiotically support and reinforce each other in safeguarding an organisation’s digital and regulatory landscapes. Integrating cybersecurity into GRC programmes enables businesses to address risk holistically, encompassing both policy and digital perspectives.

Sibos 2023 concluded under the amiable autumn skies of Toronto, bringing together financial leaders, such as Victor Dodig from CIBC and others from Santander, State Bank of India, DBS, CLS, and EY, to discuss the resilience of banks and financial institutions amidst geopolitical disruptions. Fenergo attended the panel to understand how some of the big financial leaders are handling financial crime. 

The SEC has always been at the forefront of regulating firms, ensuring they maintain good marketing practices. Its risk alerts play an instrumental role, offering firms the much-needed guidance to prepare for impending examinations.

The intricate connection between corporate culture and compliance holds significant value in today's businesses. Every decision made by employees can potentially impact compliance.

Rencore, a Munich-based software company, has recently secured an investment of $8m to bolster its efforts in streamlining cloud collaboration governance. The funding round, which positions Rencore at the forefront of cloud governance solutions, was led by the respected German investor UVC Partners.

Theta Lake Inc has revealed that it has extend its existing partnership with RingCentral to bolster its compliance suite.

With the traditional business landscape being pulled apart due to the ever-hastening digitalisation of our world, traditional brick-and-mortar business has become outdated. We now operate in a world thriving on third party relationships, but that extra complexity comes with extra risk.

Identifying the legitimacy of businesses and merchants is not just a routine procedure – it's an essential protective measure for banks and financial institutions. But how can you verify if a business is legitimate? Fenergo delves into the concept of KYB.

With the future regarding UK corporate governance and audit reform seemingly as murky as ever, businesses are being forced to prepare compliance measures, for potential legislature reform that they don't know will be indefinitely implemented. Diligent tries to unpick the jargon, and shed some light onto parliamentary proceedings.