Tag: UK

Following the close of a £45m capital injection, London-based RegTech Napier AI has its eyes set on helping firms get ready for the future of compliance.

UK-based cybersecurity startup ESProfiler has secured £2.8m in its seed funding round, which was led by Nauta Capital.

In the UK, the deployment of artificial intelligence (AI) is perceived as the principal threat for over half of the regulated firms this year.

The United Kingdom has emerged as the global hotspot for shell company risks, according to the latest interactive research unveiled by Moody’s Analytics.

As penalties continue to rise for record-keeping failures, a new report from Theta Lake found that almost 98% of financials services leaders it surveyed were dissatisfied with their current archives and voice recording tools.

As the deadlines approach for the new EMIR reporting changes in the EU and the UK, set for April 29, 2024, and September 30, 2024, respectively, it is paramount for stakeholders to grasp the complexities of the upcoming requirements.

A worrying 74% of IT and compliance professionals in the US and UK feat their staff might be using unsupervised communication channels - a rise from 66% in 2022. This finding comes from a pioneering survey has been commissioned for Theta Lake, a premier figure in Digital Communications Governance (DCG).

As deadlines for implementing EMIR reporting changes near for the EU (set for April 29, 2024) and the UK (scheduled for September 30, 2024), grasping the nuances of these revised requirements becomes paramount.

In a shocking revelation, a recent survey has highlighted that 36% of firms in the emerging financial sectors of the UK have fallen prey to either money laundering or financial crime in the last half year. The banking sector has been particularly hard-hit, emerging as the most affected sector.

The UK FCA recently unveiled Market Watch 74, a newsletter offering an in-depth look into regulatory concerns surrounding transaction reports by investment firms.