The PRA has imposed a combined financial penalty on Citigroup Global Markets Limited (CGML), Citibank N.A. London branch (CBNA London) and Citibank Europe Plc UK branch (CEP UK) (together, Citi) of £43.9 million for failings in relation to their internal controls and governance arrangements underpinning compliance with PRA regulatory reporting requirements.

Fresh from a renewed attack of the gremlins on its IT infrastructure, the UK's TSB has pledged to become more digitally-focused, closing branches and investing £120 million on mobile and online channels over the next three years.

Westpac has pledged to consolidate its disparate anti-money laundering systems into a single, group-wide, database, and to double the number of people in its financial crime unit, in response to regulatory accusations that it contravened AML/CTF laws on over 23 million occasions.

Automation Anywhere, a global leader in Robotic Process Automation (RPA), announced that it has received $290 million in Series B funding at a post money valuation of $6.8 billion.
The funding was led by Salesforce Ventures with additional funding from existing investors, including Softbank Investment Advisers and Goldman Sachs.

Westpac could face unprecedented civil penalties, having been accused of contravening AML/CTF laws on over 23 million occasions by Australia’s anti money-laundering and terrorism financing regulator, Austrac.

Nearly two thirds of organisations around the world that accept card payments are putting customers at risk by failing to ensure full PCI DSS compliance, according to a Verizon report.

On Wednesday 30 October, LendingCrowd discovered a data security incident resulting in unauthorised access to the personal data of a subset of investors.