Tag: RegTech 2023
A deep dive into AML non-compliance costs and Flagright’s AI-driven solution
In an increasingly interconnected financial landscape, financial crime has become more sophisticated, underlining the importance of maintaining robust anti-money laundering (AML) compliance for financial institutions. With stringent regulatory scrutiny and technological advancements, financial institutions must adhere to strict AML regulations to deter activities such as money laundering, terrorism financing, and other financial crimes. Moreover, understanding and considering the significant cost of non-compliance is vital.
Cybersecurity startup Nokod Security nets $8m
Nokod Security, a forward-thinking firm specialising in securing low-code/no-code custom applications and Robotic Process Automation (RPA), has entered the spotlight with some exciting news to share.
How Acuminor helped to transform a Nordic bank’s financial crime risk...
In a recent post by Acuminor, the firm described how its Risk Assessment Pro platform helped to change a bank's financial crime risk management.
Shifting legal landscapes: Decoding UBO rule enhancements in APAC
Moody's Analytics recently put a spotlight on the ongoing ultimate beneficial ownership (UBO) rule enhancements in the Asia Pacific region.
JPMorgan faces $4m SEC fine over accidental deletion of vital emails
JPMorgan Chase, has been hit with a $4m fine from the Securities and Exchange Commission (SEC) for the inadvertent deletion of 47 million emails.
Clausematch and Solitaire Consulting link to boost compliance solution outreach
Clausematch has partnered with Solitaire Consulting, an independent management consultancy firm based in Jersey, Channel Islands.
Decoding the covert ties between wildlife trafficking and financial crime
Moody's Analytics recently highlighted the importance of screening wildlife trafficking in supply chains to cut financial crime.
Levine Leichtman Capital Partners boosts RegTech space with investment in cleversoft
Levine Leichtman Capital Partners (LLCP), an international private equity firm, has made a significant investment in cleversoft Group, a top-tier provider of regulatory software for the financial services sector.
Navigating the minefield of personal accountability in the digital era
In the rapidly evolving FinTech space, executive-level individuals across various organisations are finding themselves under the microscope. Theta Lake's Susannah Hammond recently explored the current minefield of accountability.
Steering third-party risks in banking: Final guidance by regulatory agencies explained
Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies.
