Latest Reporting/compliance News: Finextra Research

FCA cracks down on fraudulent promotions

New data published by the Financial Conduct Authority (FCA) reveals that the regulator blocked over 8,000 misleading advertisements and promotions during 2022.

03 February 2023

Company update/security

GSS platform to deploy Silent Eight AI for sanctions adjudications

Global Screening Services (GSS) and Silent Eight, have today announced that following a competitive selection process, Silent Eight’s flagship AI technology will power sanctions adjudications in the GSS platform.

02 February 2023

Research/Reporting/compliance

Sustainable Finance Live - Enabling positive change through innovation and collaboration

31 January 2023 398 downloads

News/people

Exclusive: Feedzai cuts workforce amid ‘restructuring’ - sources

Sources have confirmed that Portuguese unicorn Feedzai has cut its workforce as the company begins restructuring in the face of challenging economic conditions.

27 January 2023

News/regulation

SEC fines Nexo $45 million in penalties

American regulatory authority, the Securities and Exchange Commission (SEC) charged crypto asset platform Nexo $45 million in penalties for the unauthorised sale of a crypto lending product.

20 January 2023

Company update/sustainable

Cerved partners Greenomy to support sustainable finance regulation compliance in Italy

Cerved, the Italian leader in credit risk analysis and management, has signed a strategic partnership with Greenomy, the ESG Market Infrastructure, to deliver a new service on the Italian market designed to help Italian businesses comply with new EU Sustainable Finance regulations (EU Taxonomy, CSRD, and SFDR). This agreement broadens Cerved’s range of environmental, social and governance (ESG) services, which are developed in synergy with the Cerved Rating Agency, the Italian rating agency that specialises in both credit ratings of non financial companies and sustainability ratings of companies and financial institutions.

16 December 2022

News/regulation

Edinburgh Reforms: UK government announces widespread transformation for financial sector

The Chancellor of Exchequer Jeremy Hunt has announced The Edinburgh Reforms, a set of developments to catalyse competition and growth in the UK FS sector, that includes moves on a CBDC and the move to Net Zero.

09 December 2022

Company update/payments

TreviPay acquires payment platform Apruve

TreviPay, a leader in global B2B payments and invoicing solutions, today announced the signing of a definitive agreement to acquire payment platform Apruve. Apruve offers a robust suite of payment solutions for global enterprises that will complement and expand on TreviPay’s existing order-to-cash technology offerings, merchant invoicing solutions, and the geographical reach of TreviPay’s existing B2B networks. TreviPay has experienced unprecedented demand from global enterprise buyers and sellers resulting in 30% organic growth in 2022, and this acquisition furthers TreviPay's plans to expand its order-to-cash technology offerings and B2B payment network. This acquisition builds on TreviPay’s recent purchase of Baton Financial Services.

09 December 2022

News/sustainable

Sustainable Finance Live: Is sustainable finance sustainable?

Sustainable Finance Live kicked off Tuesday morning in a hybrid format, in-person and online, where leaders discussed the problem statements and solutions that are defining the sustainable finance industry today.

29 November 2022

News/sustainable

Sustainable Finance Live sneak peek: ESG risks - how can we build in sustainability?

Finextra spoke to Adam Webb, COO, Risk at ICBC Standard Bank, ahead of Sustainable Finance Live about his experience in risk management and mitigating climate risk.

25 November 2022

Company update/crime

FCA issues final notice to former Sonali Bank CEO for AML failings

The Financial Conduct Authority (FCA) has publicly censured Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited (SBUK) for anti-money laundering (AML) failings.

18 November 2022

News/security

Plaid releases ML risk engine, 'Signal'

Plaid today announced that after two years in beta, its machine learning (ML) risk engine, Signal, will be available to customers seeking to upgrade their automated clearing house (ACH) transaction services with fraud detection.

17 November 2022

News/security

Macron advocates for online child safety initiative

French President Emmanuel Macron has launched the Children Online Protection Laboratory to protect children from potential online threats and cyberbullying by monitoring harmful content.

11 November 2022

News/crypto

FTX Europe to have licence suspended - Bloomberg

Embattled FTX is facing the suspension of its licence by the Cyprus Securities and Exchange Commission, revoking its ability to continue trading within the European Economic Area.

11 November 2022

Company update/markets

Illimity posts €19.1 million net profit for Q3

Chaired by Rosalba Casiraghi, the Board of Directors of illimity Bank S.p.A. (“illimity” or the “Bank”) yesterday approved the illimity Group’s results at 30 September 2022.

11 November 2022

Company update/regulation

Facctum launches watchlist management service

Facctum™, a risktech company specialising in cloud-delivered enterprise risk decisioning technology, today announces the launch of FacctSet™, a new solution designed to streamline watchlist management for improved compliance outcomes.

07 November 2022

News/regulation

Fund services firms lagging in digital journey

Despite the fact that the vast majority of trust, corporate and fund services see the benefit of adopting digital technology, only a third have actually started on their digitalisation projects.

07 November 2022

News/sustainable

Survey reveals tech sector's greenwashing fears

The vast majority of top level executives in the tech industry believe that it is guilty of greenwashing, according to recently published research.

07 November 2022

Company update/regulation

Gemini expands further in EU

We are pleased to announce that users in Croatia, Cyprus, Hungary, Romania, and Slovenia can buy, sell, and store over 100 cryptocurrencies through Gemini’s website and mobile app.

07 November 2022

News/crypto

Binance chief downplays CBDC threat to crypto

Central bank digital currencies (CBDCs) do not pose a threat to cryptocurrencies and would actually help build trust among sceptics by validating the underlying blockchain technology.

03 November 2022