Tag: Regulation

Key Singaporean FinTech seed investment stats in 2023: • Singaporean FinTech seed funding totalled at $191m in 2023, a 49% drop from 2022 • Singaporean FinTech...

The importance of robust, clear, and compliant policies and procedures cannot be overstated in the dynamic realm of financial services. These fundamental elements empower firms to align their operations with strategic goals, adhere to regulatory mandates, and cultivate a culture rooted in accountability and transparency.

A recent study from Theta Lake, a pioneer in digital communications governance, found that 69% of IT and compliance professionals expect the use of unified communication and collaboration (UCC) tools to increase in 2024. With firms using an average of 4.6 communication and collaboration tools, it is evident that UCC tools have become an embedded and essential part of modern business, but firms must ensure they are compliantly getting the full value of these tools.

Global digital asset banking group, Sygnum, has secured over $40m in what is termed the Strategic Growth Round.

Fenergo's recent webinar, 'KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?', brought together compliance experts to delve into findings from research on over 1100 executives from global banks. This study, encapsulated in the report 'KYC in 2023', reveals a significant 17% rise in the average cost of KYC (Know Your Customer) reviews, accompanied by an 11-day increase in their duration over the past year.

In the ever-changing world of risk management, where the challenges are formidable and constantly evolving, the role of risk executives and their teams is more vital than ever. The cornerstone of this ecosystem, financial crimes compliance, requires not just vigilance but also a forward-thinking approach to innovation.

Europe has achieved a milestone in the world of AI by reaching a provisional deal on the European Union's landmark rules governing AI usage.

When the world went into lockdown in 2020 in a bid to stop the spread of Covid-19, many companies went into a state of...

Much like consumers in Italy and France, investors in the UK have similar risk profile patterns, and everyoneINVESTED believes its risk profiling solution could become the market standard.

Gary Gensler, the US SEC chair, has issued a warning about the implications for thousands of US firms in the absence of domestic climate reporting rules.