Tag: Technology Solutions

A survey conducted by Muinmos has shed light on the significant hurdles financial institutions face during client onboarding.

HCLTech has revolutionized the way businesses expand internationally through its innovative Build-Operate-Transfer (BOT) and Build-Operate-Optimize-Transfer (BOOT) models.

In recent years, off-channel communications have come under the intense scrutiny of regulators like the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This scrutiny is largely due to the risks these unmonitored communications pose, ranging from compliance issues to gaps in record-keeping that can affect investor protection.

In October 2023, the UK implemented the Economic Crime and Corporate Transparency Act (ECCTA), setting stringent identity verification (IDV) mandates for shareholders, directors, and persons of significant control (PSCs). This legislation, crafted to enhance the integrity of company data at Companies House, represents a significant pivot towards more rigorous corporate governance.

Compliance officers in the asset management sector are pivotal, often having to juggle multiple responsibilities.

New research from Beyond Encryption indicates that 'account fatigue' significantly impacts customer engagement with FinTech portals and platforms. UK consumers, managing about 119 different online accounts on average, report feeling overwhelmed by the sheer number of logins required, especially in the financial sector.

In the rapidly evolving global finance sector, the importance of complying with regulatory frameworks like the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) cannot be overstated.

SAVIS, one of Vietnam's foremost providers of digital capabilities and a critical technology services supplier to the financial sector, has joined forces with Konsentus, a global leader in open banking advisory services and trust infrastructure.

Xceedance, a global leader in insurance sector support, technology, and data services, has unveiled its latest innovation, the MGA Agility Suite.

Software Group, a prominent global provider of technology solutions for the finance sector, has successfully secured a substantial investment to bolster its growth and innovation.