Risk Management
Target Group hires Monzo’s Griffin as chief risk officer
Source: Target Group
Target Group, the operational transformation, business processing and software provider has today announced that Kathy Griffin will be joining as Chief Risk Officer, starting immediately.
Diebold Nixdorf and Hawk AI collaborate for AMLsurveillance
Source: Hawk AI
Hawk AI, Germany’s leading software provider of anti-money laundering surveillance and anti-fraud technology for banks, payment firms, and fintech’s, today announced a new partnership with Diebold Nixdorf (NYSE: DBD), a global leader in driving connected commerce for the financial and retail industries.
Financial regulators issued with climate risk guidelines
The Basel Committee on Banking Supervision has issued a set of climate risk guidelines to help financial regulators across the world assess bank preparedness in a co-ordinated fashion.
Banks need to accelerate practical implementation to meet climate risk deadlines
Source: Acin
Acin has today published a barometer charting the preparedness of the world’s leading banks and asset managers to meet upcoming challenges in managing climate change-related risks.
Cryptoassets in the metaverse could cause systemic risk - BofE
If an open and decentralised metaverse grows, the risks from cryptoassets may scale to have systemic financial stability consequences, say a pair of Bank of England wonks.
US Senator requests FSOC review into risks of consumer data use
US Senator and Democratic chair of the Senate Banking Committee this week requested that the Financial Stability Oversight Council (FSOC) examine financial institutions’ use of consumer data, and the risks they pose to US financial stability.
LogicGate seals $113 million Series C
Source: LogicGate
LogicGate, a leading provider of transformative risk and compliance solutions through its Risk Cloud platform, today announces a $113 million Series C funding round led by PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies.
BIS and Iosco agree 'same risk, same rules' principles for systemic stablecoins
The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published final guidance confirming that stablecoin arrangements should observe international standards for payment, clearing and settlement systems.
Former regulators join $45 million round in crypto risk platform Solidus Labs
Solidus Labs, a digital asset risk surveillance firm founded by ex-Goldman Sachs engineers, has secured a $45 million B round led by Liberty City Ventures and joined by Evolution Equity Partners, Declaration Partners, and angels including former US Acting Comptroller of the Currency Brian Brooks and former CFTC Chairman Christopher Giancarlo.
Bank of England frets over stability of Big Tech cloud providers
The Bank of England is warning that additional policy measures may be required to mitigate financial stability risks from the growing concentration of power in the hands of global cloud providers.
The Disruption House to deliver ESG verification of fintech on Temenos Exchange
Source: The Disruption House
The Disruption House, providers of in-depth risk analytics on the ESG and business resiliency capabilities of Private and Venture Funded firms, announced that their scorecards and reports will be available for many of the firms hosted on the Temenos Exchange open marketplace for fintech solutions.
North Rock Capital selects Glue42 as foundation for next-generation trading and risk platform
Source: Glue42
North Rock Capital, an investment management firm built upon a global multi-manager investment platform, has selected Glue42, the company that delivers integrated desktop experiences to financial institutions globally, to serve as the foundation to its next-generation trading and risk platform.
Consumer interest in cryptocurrencies grows as understanding of risks declines
New research from the UK's Financial Conduct Authority has found that excitement about the rising valuations attached to cryptocurrencies has firmly penetrated the retail consumer market.