VendorInfo unveils bank account verification service to tackle payment fraud
VendorInfo, a segment of the Financial Operations Networks (FON), is renowned for offering specialised self-service vendor portals. These portals provide precise and timely tools, ensuring security, controls, compliance, efficiency, and scalability.
Regulatory penalties for global financial institutions see sharp decline in H1 2023
Regulatory fines slapped on global financial institutions saw a staggering 88% dip in H1 2023 compared to the same period last year. This significant decline was unveiled in a report from Fenergo, the top-tier provider of digital solutions in client lifecycle management (CLM).
EU’s Digital Identity Wallet: A leap forward in secure personal data control
The European Parliament and the Council of the EU have arrived at a provisional political agreement on the key elements of the proposal for...
Navigating the 2023 banking regulations: proactive compliance is key
Regulatory change in the banking industry appears to be on the horizon for 2023. Regional banks are already grappling with an intricate web of state, federal, and international compliance obligations.
5 biggest technology innovations in RegTech
With the regulatory environment constantly changing, firms are looking towards technology to help. With so many different solutions available, Aveni has outlined the five biggest technology innovations companies should be looking at.
France hits Microsoft with €60m fine
The National Commission for Technology and Freedoms, France’s privacy watchdog, has slapped Microsoft with a €60m fine.
CloudWave acquires Sensato for healthcare data security
CloudWave, a provider of healthcare data security has acquired Sensato Cybersecurity, a managed cybersecurity services company.
BNPL chiefs could face two years in jail for using loophole, FCA warns
The Financial Conduct Authority (FCA) has said buy now, pay later heads could face up to two years in jail if they fail to tow the line on financial promotion rules.
Fraud complaints drop after pandemic, but are slowly rising
Complaints to the Financial Ombudsman Service (FOS) soared during the Covid-19 pandemic, reaching levels 44% higher in 2020 compared to 2019.
How to prepare for UK SOX
In a recent webinar by RegTech firm Diligent, the company outlined how companies can prepare for UK SOX, which is legislation similar to the US Sarbanes-Oxley Act.
