Incorporated in Switzerland on May 16, 2017, the non-profit International RegTech Association (IRTA) is a united community of individuals and organizations, with a shared vision to innovate, advance, and influence the future of Regulatory Technology (RegTech).
Several Ukrainian banks are understood to have been affected by what appears to be a coordinated ransomware cyberattack targeting firms around the world. The Ukrainian central banks says that a number of banks in the country are "having difficulties with client services", while media reports say that the Kiev metro system is not accepting card payments.
Fintech is still too small a chunk of the global financial system to present a compelling stability risk but the sector's fast-paced development means that international regulators should collaborate closely to guard against future risks, says a new report. Put together by the international Financial Stability Board (FSB), the report identifies 10 fintech-related areas that "merit authorities' attention".
As the 4th EU AML Directive comes into force today, a pair of studies suggests that while most UK FS industry financial crime professionals think the new rules will make it easier to prevent money laundering, they are likely to cost banks millions in inefficient KYC checks.
For the reasons explained in this white paper, businesses need to start working towards compliance now. This paper looks at the new data security requirements under the GDPR and provides practical tips on how to prevent a data breach disaster from happening to you and your customers
Nasdaq's BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (eGRC), and KPMG LLP, the U.S. audit, tax and advisory firm, today announced a strategic alliance to help clients improve how they address risk and compliance challenges more effectively across their enterprise.
European financial institutions could face fines totalling €4.7 billion in the first three years under the new General Data Protection Regulation (GDPR), according to a study by Consult Hyperion.
The report, commissioned by security outfit AllClear ID, estimates that financial institutions may experience 384 data breaches during the timeframe, with fines as high as €260m per breach.
(Bloomberg) -- The U.S. Treasury Department’s banking regulatory proposals could be even better for finance firms than they initially hoped.