Tag: Compliance

Compliance.ai has landed $6m in funding from existing investor Cota Capital and first-time backer JAM FINTOP.

Continuous compliance automation software platform RegScale has closed its Series A round on $20m.

The FCA recently released its final guidance on Consumer Duty proposals, which enforces controls on firms to ensure they provide good outcomes for customers. Aveni recently outlined the five crucial areas firms need to improve to be Consumer Duty compliant.

Theta Lake, a communication compliance and security solution developer, has teamed up with fellow communication security solution Movius to help companies improve compliance with collaboration tools.

The UK’s Financial Conduct Authority (FCA) has confirmed plans for a new Consumer Duty, which it claims will improve how firms serve customers.

Over 10,000 customers were potentially affected by serious data incidents overseen by Her Majesty’s Revenue & Customs (HMRC) over the past year, according to their Annual Report & Accounts 2021-22.

 Sentinels, which helps detect money laundering in real-time, has released a report outlining why real-time transaction monitoring is the next step for compliance functions.

With digital collaboration tools becoming as ingrained to the working world, firms?need to aware of the compliance risks and upgrade their communication monitoring tools.?

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.

Fonoa, which helps automate tax processes, has closed its Series B funding round as it looks to expand its global tax solutions.