Tag: Compliance 2023

Despite hefty fines, financial institutions still struggle with monitoring unapproved communication...

A new survey by Shield and LeapXpert underscores the continued risk financial institutions face from unmonitored communication channels. Only 51% of the financial institutions surveyed are currently monitoring employee communications on WhatsApp, a popular messaging platform.

Eventus on enhancing financial compliance through strong team collaboration

An innovative collaboration approach to financial regulation is being advocated by Eventus, a leading regulatory technology (RegTech) firm, in their latest 'Compliance in Focus' series.

Harnessing AI for compliant communication ahead of FCA’s Consumer Duty

The UK's Financial Conduct Authority (FCA) recently released a ten-point checklist for companies in anticipation of the new Consumer Duty regulation set to be enforced on July 31, 2023. This regulation marks a pivotal shift in the regulatory landscape, impacting both new and existing services and products available for sale or renewal.

Navigating the minefield of personal accountability in the digital era

In the rapidly evolving FinTech space, executive-level individuals across various organisations are finding themselves under the microscope. Theta Lake's Susannah Hammond recently explored the current minefield of accountability. 

Fenergo unveils real-time KYC & Transaction Compliance solution

Fenergo, globally recognised for its cutting-edge client lifecycle management (CLM) solutions, has taken a significant step forward by launching its latest product, KYC & Transaction Compliance.

The indispensable role of threat and risk analysis

Facing the interconnected and complex financial ecosystems of today, financial institutions are grappling with regulatory compliance and financial crime prevention.

BlackRock veteran Patrick Olson takes the reins as ACA CEO

ACA Group, a governance, risk, and compliance (GRC) firm within financial services, has announced the appointment of Patrick Olson as CEO.

Navigating the risk and reward of Generative AI in financial services

An area of focus in the tech industry recently has been ChatGPT. A form of Gen AI, the product has sent shockwaves across industries.

How AI is bolstering compliance in financial content creation

Compliance with stringent regulations poses a significant challenge in the FinTech landscape. Saifr has rolled out innovative capabilities to aid in the efficient creation of compliant content.

Surging large fines for organisations signal regulators’ changing approach

A recent report from Moody's Analytics Grid has shed light on the changing landscape of regulatory fines across the globe, showing a dramatic increase in large fines for organisations in the past year.

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