Latest Reporting/compliance News: Finextra Research

Wells Fargo's Irish arm fined for regulatory breaches

The Irish central bank has issued a record fine to Wells Fargo for reporting failures by its Irish subsidiary, citing the bank's weak IT systems.

05 July 2019

Company update/Reporting/compliance

DSB publishes feedback from industry meeting on OTC derivatives

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, has today announced the results from its first consultation of 2019, and the opening of its second consultation aimed to shape the DSB service provision for 2020.

05 July 2019

Company update/Reporting/compliance

Aretsian laucnhes risk and compliance hub

Artesian Solutions, the UK’s leading client intelligence tool for financial services companies, announced the general availability (GA) of its exciting new Artesian Risk and Compliance Hub (ARCH) which has been two years in development.

20 June 2019

Company update/Reporting/compliance

LendingCrowd appoints chief risk and compliance officer

LendingCrowd, Scotland’s only fintech lending platform, has appointed Robbie McKenzie to the newly created post of General Counsel and Chief Risk & Compliance Officer.

20 June 2019

Company update/Reporting/compliance

KRM22 adds SMCR apps to risk management platform

KRM22 plc, (AIM: KRM:L) the technology and software investment company, with a particular focus on risk management in capital markets, today announces that it has added further SMCR applications to the Global Risk Platform.

19 June 2019

News/Reporting/compliance

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

19 June 2019

News/Reporting/compliance

UK fintech salaries on the rise - report

Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.

18 June 2019

Company update/Reporting/compliance

SIX and SimCorp team up for sanctions monitoring

Swiss financial data expert SIX has announced a partnership with SimCorp, centered on its Sanctioned Securities Monitoring Service, to give financial institutions greater global sanctions data coverage.

18 June 2019

Company update/Reporting/compliance

IOSCOcalls for adherence to cyber risk standards

The Board of the International Organization of Securities Commissions (IOSCO) today issued a final report that provides an overview of three internationally recognized cyber standards and frameworks used by IOSCO members.

18 June 2019

News/Reporting/compliance

India to review payments data storage rule

The Indian central bank has been persuaded to reconsider a controversial law that mandates payments data should not be allowed to leave India's borders.

18 June 2019

News/Reporting/compliance

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

News/Reporting/compliance

Nordic banks to cut compliance staff in favour of robots

Two of the Nordics' biggest banks, Nordea and Danske Bank, expect to significantly reduce the number of staff employed in its compliance and financial crime departments and instead turn to robotics and artificial intelligence.

17 June 2019

Company update/Reporting/compliance

Polymath and Blockpass team upfor ID verification

Leading security token platform Polymath has today announced a strategic collaboration with digital identity verification solution Blockpass.

17 June 2019

News/Reporting/compliance

Blockchain benefits limited for retail banks - report

A report from management consultant McKinsey suggests that retail banks have been slower to adopt blockchain technology because they face more challenges in reaping the potential benefits.

07 June 2019

News/Reporting/compliance

Payment firms raise fears over EU security rules

A lack of preparedness for the EU's new regulations on authentication could cost Europe's online economy more than €50bn according to a number of payment processors and e-commerce merchants.

04 June 2019

News/Reporting/compliance

Innovation driving digital acceleration in Latin America

Swift's Latin American Regional Conference (LARC) explored how banks in the region are looking to increase digitisation, while managing cyber and compliance challenges.

29 May 2019

News/Reporting/compliance

Live: Swift Latin American Regional Conference - day one

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2019, in Panama City. This event will focus on important issues affecting the financial industry in the region, and how the financial community can accelerate digital transformation.

21 May 2019

Company update/Reporting/compliance

LiquidShare and Consensys team up for post-trade blockchain venture

LiquidShare today announced that its European post-trade settlement infrastructure for shares in small and medium sized enterprises (SMEs) has entered into a partnership with ConsenSys’ PegaSys team.

13 May 2019

News/Reporting/compliance

Metro Bank faces shareholder revolt

Shareholders in Metro Bank have been advised to reject the British retail bank's latest remuneration report and abstain in the vote of its directors amid ongoing concerns over accounting practices.

10 May 2019

News/Reporting/compliance

Middle East bank chief calls for more regtech spending

The secretary general of the Union of Arab Banks has called on financial institutions in the region to increase their investment in regtech.

22 March 2019