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5 elements that make an effective compliance program

5 elements that make an effective compliance program

With regulations continuously changing, there are always new challenges to overcome. To help firms stay on top, Diligent has outlined the five elements that make an effective compliance program.

Continuous compliance automation platform RegScale bags $20m Series A

Continuous compliance automation software platform RegScale has closed its Series A round on $20m.

How FNZ is improving the foundations of a three lines of defence model 

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.

Just 15% of financial firms monitor WhatsApp. despite rising fines for communication monitoring failings

Just 15% of financial firms are monitoring WhatsApp at all, despite rising levels of fines for communication monitoring failings, according to a report from SteelEye.

RegTech service provider Novatus collects £4m investment from Maven

RegTech solution developer Novatus Advisory has collected £4m in an investment from UK-based venture firm Maven Capital Partners.

UOB launches Singapore’s first green and sustainable deposits solution for corporate clients

United Overseas Bank (UOB), a leading bank in Asia, has launched its Green and Sustainable Deposits solution for corporate and institutional clients.

Data access platform Torsion scores £1.1m in fresh funding

Torsion, a data access governance software platform Torsion Information Security has netted £1.1m in a fresh funding round.

Data security platform Normalyze picks up $22.2m

Data-first cloud security platform Normalyze has picked up $22.2m in its Series A round, which was co-led by Lightspeed Venture Partners and Battery Ventures.

CyberTech startup RapidFort collects $8.5m in seed funding

RapidFort, a software attack service optimisation platform, has reportedly collected $8.5m in its seed funding round.

Regnology buys Tax Information Reporting software from PwC UK

RegTech solution provider Regnology has acquired Tax Information Reporting (TIR) software from PwC UK.

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