Compliance

The UK's top financial watchdog has warned firms to not forget to regularly reviewer regulatory permissions or risk having their licence to operate cancelled.

A Jared Leto-backed startup, family-focused FinTech firms and corporate spend management companies were among the big winners of the 42 funding rounds reported on last week.

RSA Security is spinning out its fraud and risk intelligence business into a new standalone company called Outseer which will be led by CEO Reed Taussig.

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?

Communication tools have saved the day for businesses after the Covid-19-induced global lockdown. Therefore, organisations must fully understand the regulatory guidance on security and privacy so they can continue to implement and expand their use of tools such as Zoom and MS Teams.

A recent report by Clausematch has examined what have been the key developments since the US Department of Justice (DOJ) updated its compliance guidance for 2020.

The monetary authorities in Hong Kong and China have agreed to create a one-stop sandbox platform to help companies develop cross-border FinTech products quicker.

Australian RegTech firm Arctic Intelligence has entered into strategic alliance with FrankieOne to strengthen financial crime synergies between the two.

In an age where the proliferation of financial mobile applications in increasing on a huge scale, the rise of financial ‘super apps’ may seem the logical conclusion of such a rise.

Sentinels, a transaction monitoring and client risk management platform, has been selected by Netherlands-based neobank Brand New Day to scale its anti-money laundering (AML) controls.