Harriet Christie Chief Operating Officer at Mirrorweb
In March 2023, SEC Chairman Gary Gensler described Artificial Intelligence as “the most transformative technology of our time, on par with the internet and mass production of automobiles". When any groundbreaking tool arrives, a period of adaptation is required. This is more pronounced for regulators, who need to quickly assimilate enough inf...
11 July 2024 /ai /regulation RegTech
The typical narrative is that as time passes, digital regulation becomes more stringent. Accountability becomes a greater requirement as technology continues to advance and occupy a more meaningful proportion of our professional lives. There’s nothing new here, and yet recent regulatory activity has been even more intense than expected across a va...
06 June 2024 /regulation /wealth Fintech
The Securities Exchange Commission (SEC) is trying to instigate deep cultural change around compliance following a high-profile crackdown on ‘off-channel’ communications. Many firms find themselves in a difficult scenario – a kind of regulatory purgatory where they know that they need to make significant changes to their recordkeeping infrastruct...
09 April 2024 /regulation /wealth RegTech
The Financial Industry Regulatory Authority (FINRA) recently released its annual regulatory oversight report for 2024. This has been shared to provide firms with key insights and observations from the regulator’s recent operations, with the aim of improving transparency and strengthening compliance programs for businesses in the finance sector. ...
26 February 2024 /regulation /wealth RegTech
When JP Morgan Chase was fined $200 million for recordkeeping failures in 2021, it felt monumental. While ‘ephemeral messaging’ penalties were admittedly a new proposition, the size of the levy should have drawn a line in the sand and led to a tectonic shift in compliance procedures for financial services organizations. What has unfolded since has...
08 November 2023 /regulation /wealth Regulatory Reporting
While communications surveillance has become a more pressing requirement in recent years, the truth is that most of the current generation of platforms was built 20 years ago. Society has changed a lot since then, both in terms of our technological capabilities and the ways in which we communicate. It’s important that compliance tools keep up with...
11 October 2023 /regulation /wealth RegTech
The Securities Exchange Commission’s (SEC’s) primary function is to protect investors, by drafting and enforcing regulations which hold firms accountable for their actions. One fundamental example of this is that all interactions between brokers and investors must be scrutinized, to ensure no wrongdoing. The prevalence of digital communications i...
28 July 2023 /regulation /wealth RegTech
As digitalization continues to permeate everyday life, data archiving has become increasingly vital for a variety of reasons. With the emergence of ChatGPT, an artificial intelligence-powered chatbot, the landscape has again shifted dramatically. But what are the implications of this breakthrough, and how will it impact digital archiving? What is C...
21 April 2023 /regulation /cloud Data Management and Governance
In 2023, digital archiving finds itself planted firmly in the corporate spotlight. The volume of data being consumed is growing rapidly in all facets of life, and certainly in the workplace. We have seen a proliferation of platforms and digital channels being used by businesses, particularly post Covid-19, and while the sheer volume of informatio...
16 February 2023 /regulation /cloud Data Management and Governance
Across all sectors, organizations are steadily publishing more and more content online. This has become even more prominent post-pandemic, as the global community shifted online to overcome the physical limitations placed upon them by lockdown. Websites are used to sell products and services to clients, to publish and share sales and marketing mat...
16 January 2023 /regulation /startups RegTech
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