With the finance industry adversely affected by exogenous global events, financial institutions (FIs) need to re-examine how they see regulatory compliance management. Long perceived as an inefficient process, compliance management has the potential to offer...
Due to recent events in Europe, there have been significant disruptions to the financial landscape, prompting a series of amendments to financial regulations. Amidst this turbulent financial environment, you need to devise a solution that would help them keep pace...
With investments in RegTech set to reach over $10.6 billion in 2022, the technology is expected to make a significant impact on the industry. The reason behind this massive investment is simple: banks, insurance companies, and other financial institutions are paying...
As financial compliance frameworks become more extensive and ambitious thanks to frequent updates, there are more questions about managing compliance and making it more cost-efficient. Governance, risk and compliance (GRC) have become an expensive, cumbersome...
The recent past has seen regulatory updates such as the Basel IV framework, Sarbanes-Oxley Act (SOx), OMB A-123, Data Privacy, and Anti-Money Laundering. These have had a substantial impact on compliance management. With each new ruling or update, banks and other...
Earlier this month, US President Joe Biden signed an executive order on Wednesday that requires the government to assess the risks and benefits of creating a central bank digital dollar. While the ruling does not constitute a significant development, it could lead to...
