Reporting/compliance

1644 articles tagged with this keyword

/sustainable

ING reveals $12.4 trillion required to green Asia's transport sector

Powering a new generation of net-zero transport with clean energy – in China, Japan, and South Korea – will cost US$12.4 trillion, a ING bank report has just revealed. This equates to over 90% of China’s 2020 GDP.

/retail

Nucleus Commercial Finance granted accreditation to offer RLS term loans

Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, has been accredited by the British Business Bank under the government-backed Recovery Loan Scheme (RLS). Nucleus will be the first lender to offer interest-only on all RLS term loans.

/crypto

El Salvador becomes first country to accept Bitcoin as legal tender

The central American nation today sets a world-first as it adopts the cryptocurrency for use across all goods and services – even taxes.

/regulation

UK to restructure data policy and underpin innovation post-Brexit

Oliver Dowden, the UK Secretary of State for Digital, Culture, Media and Sport, has announced that new ‘data adequacy’ partnerships will be struck with the likes of the US, Australia, and the Republic of Korea.

/devops

Cloud security solution provider ThycoticCentrify enhances devops offering

ThycoticCentrify, a leading provider of cloud identity security solutions formed by the merger of privileged access management (PAM) leaders Thycotic and Centrify, today announced enhancements to its PAM solution for DevOps, Thycotic DevOps Secrets Vault. The latest version offers certificate-based authentication and the ability to configure Time-to-Live (TTL) for secrets, leading to even tighter DevOps security and easier management.

/crime

Total value of AML enforcement is skyhigh, reaching $2.2bn in 2020

Kroll, the world’s premier provider of services and digital products related to valuation, governance, risk and transparency, has today published new data showing that the COVID-19 pandemic has not stunted global enforcement action for anti-money laundering (AML) failings.

/sustainable

UOB adopts risk management framework Equator Principles

Leading bank in Asia, United Overseas Bank (UOB), has today announced it has been approved to join the Equator Principles Association, and has adopted the Equator Principles (EPs).

/wealth

Wahed receives license from South African regulator FSCA

Wahed Inc, (Wahed) parent company of a leading halal financial investment platform, has received a new regulatory license from the Financial Sector Conduct Authority (FSCA), the regulator of the South African financial markets.

/crypto

Goldex launches online academy for financial literacy around gold

Goldex, the award-winning multi-dealer marketplace for allocated physical gold, today announced that it has launched a free online academy to democratise financial literacy around gold. Goldex Academy hosts a dedicated vault of expert-backed content with everything an individual needs to know about investing in gold, regardless of their prior financial experience or background.

/regulation

APAC holds fertile ground for burgeoning regtech sector

A report released by venture capitalist Enterprise Ireland and Kapronasia provides insights into key initiatives, regulations and financial ecosystems across the APAC region, finding that a surge in the region’s regulatory requirements has boosted the need for innovative regtech solutions.

/regulation

PwC and Cube to shake up regulatory compliance management

Compliance in financial services is set to be transformed by technology-based assessments drawing on regulatory data from 180 jurisdictions as part of a collaboration between PwC and RegTech company CUBE.

/regulation

Clausematch launches compliance management programme

Global RegTech firm Clausematch officially announced today the launch of the Partnerships and Certification programme. The main goal of the programme is to create an end-to-end holistic solution and an ecosystem for a complete compliance process, as well as educate the market we're working with to get wider adoption of digital transformation.

/regulation

Revolut extends use of BearingPoint RegTech solution to meet regulatory reporting requirements

BearingPoint RegTech accompanies leading financial technology company Revolut as it expands its international brand and entities. Revolut will extend the use of the Abacus360 Banking solution as it faces new regulatory requirements after opening a bank in the United Kingdom. Revolut already relies on the innovative regulatory reporting solution by BearingPoint RegTech since September 2019, when it selected Abacus360 Banking with a Managed Services offering for EBA (European Banking Authority) and AnaCredit reporting. In total, three additional modules (UK Statistical Reporting Module, EBA Solo Reporting Modules and EBA Consolidated Modules) are now being added to the solution to meet the requirements imposed by UK regulators with regards to PRA (Prudential Regulation Authority), EBA and BoE (Bank of England) statistical reporting. Since Revolut already uses Abacus360 Banking via Managed Services, there is no need to implement new software. Instead, reports can easily be added to the software and services that are already in place.

/crypto

Liti Capital to finance ‘landmark’ case against Binance

Proceedings against Binance will be brought in the Hong Kong International Arbitration Centre by a group of disgruntled Binance customers who were unable to trade on the platform during this year’s infamous May 19th crypto crash.

/sustainable

TNFD’s Simon Zadek on advancing the way nature is priced

Speaking with Finextra’s Richard Peers, Simon Zadek, co-chair for the technical hub of the Task Force on Nature-related Financial Disclosures (TNFD) and chair of the Finance for Biodiversity (F4B) initiative, discusses the different approaches sovereign debt, natural capital, nudging, and the role that F4B and the TNFD play in that.

/payments

CMA mandates ‘Sweeping’ in big win for UK Open Banking

The Competition and Markets Authority (CMA) has ruled in favour of the Open Banking Implementation Entity’s (OBIE) recommendation to mandate Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping, injecting a further element of competition into the Open Banking market and ending years of opposition from some of the UK's biggest banks.

/Reporting/compliance

Responding to Lending Disruption

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/startups

CCAF, World Bank, World Economic Forum launch second Covid-19 fintech impact study

Building on findings and insights from its landmark 2020 survey, the Cambridge Centre for Alternative Finance (CCAF) is once again partnering with the World Bank Group and the World Economic Forum to investigate the impact Covid-19 has borne on fintech firms.

/crypto

Misleading crypto ads to be targeted by UK watchdog

The UK's Advertising Standards Authority (ASA) is set to issue a crackdown on misleading cryptocurrency advertisements.