Tagged: compliance

University of Cambridge Startup RegGenome Launches AI-Powered Data Repository

This past week, RegGenome, a University of Cambridge commercial spin-out, launched its enriched regulatory data repository powered by GenAI. The solution utilizes advanced AI technologies to power regulatory solutions and support sustainable business operations. The imbalance of regulatory turbulence and compliance capabilities is driving the need… Read More

MFSA: Banks’ Adherence to New European Union Requirements Is Crucial

To ensure a smooth transition for local banks to comply with the new and amended requirements arising from the Banking package, which was recently adopted by the European Parliament and the Council of the European Union, the MFSA has issued a Dear CEO Letter to… Read More

Remote Working Fintech Deel Announces Investment in Embedded Finance Platform Alviere

Deel announced recently that it’s invested in embedded finance platform Alviere. The partnership further bolsters Deel’s commitment “to compliance and flexibility for workers in the US, giving them access to faster and more streamlined wage payouts and a wallet solution.” Alviere’s technology and compliance program… Read More

Tuum and TransactionLink to Enhance Fintech Onboarding Processes

Tuum, the core banking services provider, is pleased to announce a new partnership with TransactionLink, a key player focused on end-to-end KYB/KYC automation solutions. This collaboration aims to tackle “the pressing challenges faced by fintechs and banks, particularly in achieving faster time-to-market, scalability for growth… Read More

Compliance Management Solution Introduced By FloQast to Enable Diverse Digital Frameworks

FloQast has introduced new feature enhancements to its FloQast Compliance Management solution, including proactive risk assessment, new management of compliance programs, and more. The feature enhancements reportedly “bring greater ROI to chief financial officers and accounting and finance teams through a lower total cost of… Read More

Regtech SteelEye Report: Investment in Compliance at Record Low Despite Regulatory Burden Higher Than Ever

Compliance teams are facing escalating pressures driven by greater regulatory scrutiny and macroeconomic challenges, according to the 2024 Annual Compliance Health Check Report from SteelEye, the firm behind the industry’s integrated surveillance solution. The survey found that 56% of firms are “investing in communications surveillance,… Read More

Equifax Releases Security Report Focusing on Compliance and Privacy Controls

Equifax (NYSE: EFX) released its 2023 Security Annual Report, documenting the company’s continued commitment to security leadership through constant adaptation and proactive protection. The fourth annual report outlines how Equifax “increased efficiency, reduced friction and strengthened continuous controls governance across its internal security program, while… Read More

Binance Joins Global Travel Rule Alliance to Enhance Interoperable Compliance and Security

Making crypto compliant with existing regulatory frameworks and interoperable with traditional legal and financial systems is “an enormous yet hugely worthwhile task,” according to Binance, which remans the world’s largest crypto exchange in terms of trading volume and overall scope of operations. This, despite having… Read More

Digital Compliance Firm SmartSearch Announces New Investment to Support Growth Plans

SmartSearch, a UK provider of digital compliance and anti-money laundering (AML) software, has today announced it has signed an agreement to receive a significant equity investment from Triple Private Equity. With its investment, Triple will now take “a majority share in the business and will… Read More

Reg A+ Needs Some Fixes: Issuer Shares Challenges of Raising Money Using the Crowdfunding Exemption

There are three securities exemptions created by the JOBS Act of 2012 that enable firms to raise money online. Reg CF [Regulation Crowdfunding], Reg D 506c (accredited only), and Reg A+ [Regulation A]. If a company uses Reg A+, they may raise up to $75… Read More

FINRA Fines M1 Finance for Alleged Violations Regarding Use of Influencer Program

FINRA announced that it has fined M1 Finance LLC $850,000 for social media posts made by influencers on the firm’s behalf that were not fair or balanced, or contained exaggerated, unwarranted, promissory or misleading claims. This case arises from FINRA’s targeted exam of firm practices… Read More

Nigerian Authorities Seeking to Extend Detention of Binance Execs

Nigeria is reportedly planning to further extend the detention of Binance executives. As reported by Reuters, Nigerian authorities have requested an Abuja court to prolong the detention of key Binance executives who are allegedly now part of the nation’s wide-ranging cryptocurrency crackdown. This, after an… Read More

Regtech: Wolters Kluwer TAA UK Releases AML Module within CCH iFirm, the Compliance Software Platform

Wolters Kluwer Tax & Accounting (TAA) U.K. has released an anti-money laundering module (AML) within CCH iFirm, its cloud-based practice management and compliance software platform. Wolters Kluwer CCH iFirm AML seamlessly integrates “with CCH Central, Wolters Kluwer TAA’s on-premise system, reducing the need to rekey… Read More

Payments Fintech PPRO Announces Key Appointments to Support Legal and Compliance Processes

PPRO, the local payments platform, has announced the appointment of three new senior leaders across legal and compliance: Selene Brett as Chief Legal, Risk and Compliance Officer, Marc Kuzak as Legal Director, and Massimiliano Conte as Compliance Director. Through these new appointments, PPRO is bolstering… Read More

Global Regtech Jumio Appoints Igor Beckerman as CFO

Jumio, a provider of end-to-end identity verification and compliance solutions, has announced the addition of Igor Beckerman as Chief Financial Officer. Beckerman has three decades of finance leadership experience, most notably “as leading customer success platform Gainsight’s first-ever CFO, and at Marketo, where he served… Read More

TaxBit Selected by Gemini, a Crypto Exchange, as its CESOP Reporting Solution

TaxBit, the provider of tax and compliance solutions for digital assets, announced today that it has been selected by Gemini, a cryptocurrency exchange, as its CESOP reporting solution. Gemini’s decision to integrate with TaxBit expands “the two companies’ long-standing relationship, underscoring its dedication to regulatory… Read More

HashKey Group and OKX to Support Compliant Digital Asset Innovation in Hong Kong

HashKey Group, an end-to-end digital asset financial services group in Asia, and OKX, a global Web3 technology company and crypto exchange, announced plans to “create a partnership to promote compliant virtual asset innovation and industry development in Hong Kong.” The planned collaboration is to “include… Read More

Tally of Financial Services Regulatory Penalties at $5 Billion for 2023, a 69% Increase – Report

Financial penalties assessed by financial regulators in the US have jumped by 69% versus the year prior when comparing 2023 to 2023, according to a report.Fenergo, a Client Lifecycle Management (CLM) firm serving financial services, has tallied the numbers and claims that penalties stood at… Read More

Regtech ComplyAdvantage Releases Financial Crime Report, Examining Fraud, Money Laundering, Illicit Activities

ComplyAdvantage has launched its annual report into fraud, money laundering, and financial crime: The State of Financial Crime 2024. The latest research report identifies “the criminal use of artificial intelligence (AI) as an emerging fraud challenge while revealing that most financial institutions are investing in… Read More

Credas Technologies, the ID Verification Regtech, Announces Update to Help with Adjusting to Rule Changes Announced by Trading Standards

Credas Technologies, the identity verification checks provider, has announced the launch of its material information function, helping estate agents “to get ahead of the latest rule changes announced by Trading Standards at the end of last year.” The Parts B and C of The National… Read More

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