Digital transformation, hybrid working and ESG – RegTech trends to watch out for in...
After a strong 2021, many RegTech companies are looking ahead to the new year with optimism for another year of advancement and greater innovation. With the pandemic still raging on, 2022 could be another year for RegTech companies to further ingrain themselves into the system. What trends should the industry look out for this year?
Tax platform April bags $10m seed capital
US-based tech-powered tax platform April Tax Solutions has raised $10m from a seed funding round and has officially launched operations.
UK lawmakers underline key stability and privacy risks of CBDCs
A report by the House of Lords’ Economic Affairs Committee has warned how a digital pound could harm financial stability, raise credit costs and erode privacy.
The Philippines unveils its first sustainable finance framework
The Philippines has launched its inaugural Sustainable Finance Framework in order to support its sustainability commitments.
FCA slapped UK finance firms with £568m in fines in 2021
During a year of heightened financial crime, the Financial Conduct Authority (FCA) handed out £568m in fines during 2021.
HKMA proposes bank-like regulations on stablecoins
The Hong Kong Monetary Authority (HKMA) has called for the regulation of fiat-currency backed stablecoins similar to that of banks.
Korea’s FSC unveils plans to reinvigorate KONEX market
South Korea’s Financial Services Commission (FSC) has announced a raft of measures aimed at revitalising the Korea New Exchange (KONEX) stock market.
PassFort successfully concludes SOC 2 audit
RegTech firm PassFort has revealed it has successfully completed its System and Organisation Controls (SOC 2) Type 2 audit.
The five biggest compliance failure fines of 2021
As another challenging year comes to an end, the task for organisations to remain compliant in new working environments is still ongoing. Despite firm efforts by many to avoid penalties, some institutions were unable to duck fines last year. Here are the top five compliance failure fines from the year of 2021.
Santander sends customers £130m in technical malfunction
Santander is attempting to regain £130m after the bank sent out payments by accident to 75,000 accounts on Christmas Day.