Tag: Bank of America
Data collection RegTech Armalytix nets $1m
Armalytix, which streamlines data collection and intelligence for AML checks, has reportedly raised $1m in funding.
5 US investment banks face $1bn in fines
Five US investment bank giants are reportedly faced with $1bn in fines for failing to monitor employees using unauthorised messaging apps.
CFPB fines Bank of America $100m for “botching” disbursement of state...
The Consumer Financial Protection Bureau (CFPB) has fined Bank of America $100m for allegedly botching the disbursement of state unemployment benefits at the height of the pandemic.
Bank of America reportedly agrees to settle in overdraft fees case
Bank of America has reportedly agreed to pay $75m in the settlement of a lawsuit, which accuses the bank of extracting overdraft fees it didn’t earn from customers with savings and checking accounts.
Cybersecurity company Enso Security closes its seed round on $6m
Enso Security, which builds application security posture management, has closed its seed round on $6m.
How the role of the chief risk officer is changing
The role of the chief risk officer is changing for good. It will not come as a surprise to many that technology will help this change, but there are other factors at play, including a merger with the chief financial officer.
Visible Alpha lands investment from HSBC
Visible Alpha, a startup helping analysts and fund managers cope with regulatory changes, has landed further investment from HSBC.
