The trends impacting compliance technology in 2022
A recent eBook by RegTech firm Clausematch has outlined what it believes will be the top ten trends impacting compliance technology this year.
HKMA publishes pilot climate risk stress test results
Climate risk stress tests by the Hong Kong Monetary Authority (HKMA) have found climate risks could cause significant adverse impacts on the banking sector under extreme scenarios.
Quantexa updates data analytics platform to help firms tackle growing data volumes
Data and analytics software business Quantexa has unveiled the latest release of its data analytics platform to help companies tackle the rapid proliferation of data.
Appetite for biometric payment cards growing in France
A survey by biometrics company Fingerprints has found there is a growing desire amongst French consumers for biometric payment cards.
How ethical hackers can help FinTech companies fight cybercrime
The threat from cybercrime has never been greater. As a result, corporations and governments are increasingly turning to hackers for help with the promise of cash rewards known as bug bounties. And experts suggest that it’s the best way to boost cybersecurity.
NatWest could face £340m fine following money laundering neglect
NatWest has pleaded guilty to money laundering failings amounting to £365m from UK-based jeweller Fowler Oldfield.
Virgin Money looks to aid firms’ ESG posture with new app launch
Virgin Money has introduced a new app focused on providing an assessment of a companies’ ESG impacts by measuring, tracking and offering guidance.
An anniversary to forget: one year on from the FinCEN files leak
Documents from the US Financial Crimes Enforcement Network (FinCEN) were leaked to the press and published globally in September 2020. It exposed over 2,100 documents and around $2trn in transactions and showed how some of the world’s largest banks enabled criminals to move dirty money around the globe. A year on, has the industry been able to clean up its act?
How can firms assess the risks associated with a politically exposed person?
A recent webinar by Alessa by Tier 1 Financial Solutions has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.
UK Chancellor Sunak eyes regulatory reform in wake of Greensill crisis
Rishi Sunak has demanded two reviews of the country’s financial regulation linked to supply chain finance followed the collapse of Greensill Capital earlier this year.
