Source: Wolters Kluwer
Wolters Kluwer, the Dutch technology company, will bring together four of its global enterprise software businesses to form a new division, Corporate Performance & ESG.
Web hosting giant GoDaddy has revealed that it has fallen victim to yet another cybersecurity incident, this time linked to a larger and more sophisticated campaign.
The Financial Stability Board (FSB) has raised concerns over the ability of existing stablecoins to pass new risk management rules currently in development. This comes after the collapse of FTX and other events over the past year, which exposed the volatility and structural vulnerabilities of crypto-assets.
Source: Fluid Finance
Fluid Finance, a fintech company headquartered in Geneva, has partnered with Sumsub, a global all-in-one verification platform, to enhance user onboarding and ensure bulletproof fraud protection.
The US Securities and Exchange Commission (SEC) has recently implemented new rule changes aimed at decreasing risks involved in securities clearance and settlement by reducing the settlement cycle to one business day, or T+1.
The Financial Stability Board (FSB) has intensified its scrutiny of Decentralised Finance (DeFi), expressing apprehension over the potential spill-over risks it poses to traditional finance. DeFi refers to a set of services in crypto-asset markets that aim to replicate some functions of the conventional financial system without the intervention of intermediaries.
The Personally Identifiable Information (PII) and Protected Health Information (PHI) of over 3.3 million individuals were stolen in a ransomware attack that took place at the California healthcare provider Regal Medical Group. The attack occurred on December 1, 2022, but was discovered a week later and impacted the Regal Medical Group and its affiliates.
The financial world is currently facing major disruption with the increasing presence of Big Tech firms such as Amazon, Apple and Google in the industry. As these companies push further into financial services with their data-driven business models, there is growing concern that the current regulatory approach is not equipped to handle the related policy challenges.