RegTech Insight Governance The latest content from across the platform
FCA AI Innovation Lab – Corlytics Joins AI Spotlight
In October 2024, the UK’s Financial Conduct Authority (FCA) launched its Artificial Intelligence (AI) Lab, marking a significant regulatory initiative for integrating AI within financial services. The initiative underscores the FCA’s commitment to fostering responsible AI innovation while ensuring consumer protection and market integrity. The AI Lab serves as a collaborative platform, bringing together regulators,…
Fenergo and PwC Partner to Enhance Financial Crime Compliance and Efficiency
A new collaboration between Fenergo and PwC aims to help financial institutions streamline financial crime compliance, improve operational efficiency, and navigate evolving regulatory demands. By combining PwC’s expertise in financial crime and regulatory compliance with Fenergo’s AI-driven client lifecycle management (CLM) and Know Your Customer (KYC) technology, the partnership is set to accelerate digital transformation…
New Cyber and Emerging Technologies Unit at SEC
The Securities and Exchange Commission (SEC) has established the Cyber and Emerging Technologies Unit (CETU) to address cyber-related misconduct and safeguard retail investors in the evolving tech landscape. This new unit, led by Laura D’Allaird, succeeds the former Crypto Assets and Cyber Unit and comprises around 30 fraud specialists and attorneys from various SEC offices. …
GenAI and LLM Adoption in Compliance: Implementation Insights from Saifr’s Harsh Pandya
The Saifr sponsored whitepaper – From Caution to Action: How Advisory Firms are Integrating AI in Compliance – published in November, had several key themes surrounding the adoption of generative AI (GenAI) enabled technologies for compliance functions by advisors and wealth management companies. We recently covered the theme of in-house versus vendor-supplied solutions in an interview…
Generali-Natixis Tie-up Highlights Data and Operational Complexities of Asset Management M&A
By Jeremy Katzeff, head of buy-side solutions at GoldenSource. After much speculation, it’s now confirmed. The asset management industry welcomes another mega fund to its ranks after the tie-up between the asset management businesses of Natixis and Generali Group. The reasons behind the merger are the same as they have been for the last few…
19 RegTech Insights for 2025 from our RegTech Summits
The RegTech Summits in London and New York delivered a deep dive into AI-driven compliance, accelerated settlement, and evolving regulatory frameworks among other key RegTech topics, with industry leaders and regulators weighing in on the biggest challenges ahead. From the implementation of accelerated settlement cycles across global markets to the rise of generative AI (GenAI)…
DG FISMA Rejects the ESAs’ Draft RTS for DORA
Less than one week after the Digital Operations Resilience Act (DORA) came into full force in the EU, the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) issued a letter to the Chair of the Joint Committee of the European Supervisory Authorities (ESAs) rejecting the draft regulatory technical standards (RTS) submitted…
Understanding Reticence for AI in Compliance: Interview with Strategic Risk Advisor, Jon Elvin
The Saifr sponsored whitepaper—From Caution to Action: How Advisory Firms are Integrating AI in Compliance—published in November, explored a number of key themes surrounding the adoption of generative AI (GenAI) enabled technologies for compliance by advisors and wealth management companies. We recently covered the theme of in-house versus vendor supplied solutions in an interview with…
Operational Resilience Testing for DORA with Fusion Risk Management
The Digital Operational Resilience Act (DORA), an EU regulation aimed at strengthening the IT security of financial entities is now ‘live’ and fully applicable as of January 17. This legislation mandates that financial institutions, including banks, insurance companies, and investment firms, ensure they can withstand, respond to, and recover from all types of Information and…
UK Penalties for AML Regulatory Breaches More Than Double 2023 – Fenergo Research
According to a new analysis by Client Lifecycle Management and perpetual KYC solution provider Fenergo, financial institutions in the UK have experienced a sharp increase in the total value of AML-related fines despite a drop in the number of enforcement actions. In 2024, the Financial Conduct Authority (FCA) issued three significant fines totalling $64.74 million,…