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Rimes Appoints New Chief People Officer
Rimes has appointed Kelly Samrai as Chief People Officer, bringing her extensive experience in scaling teams and driving organizational culture in high-growth environments. Her role will focus on aligning talent strategy with business objectives, leadership development, and fostering an inclusive, high-performing workplace. Samrai previously served as Chief People Officer at Luno, where she played a…
Euroclear and Microsoft Partner to Enhance Capital Markets Infrastructure
Euroclear has entered a seven-year partnership with Microsoft to modernize its technology infrastructure and develop new digital and data-driven capabilities for financial market participants. The collaboration will focus on leveraging cloud computing, artificial intelligence (AI), and advanced analytics to enhance Euroclear’s role as a key financial market infrastructure provider. The initiative is designed to foster…
Sumsub Releases AI-Powered AML Screening Enhancements
Full-cycle verification vendor Sumsub, recently released new AI-driven enhancements to its AML screening and case management capabilities, aiming to help compliance teams reduce manual workload and improve the accuracy of risk detection. The updates address a critical challenge in financial crime compliance—the growing volume of false positives that consume valuable time and resources. Regulatory bodies…
Upcoming Webinar: Detecting and Preventing Market Abuse
In an era of record-breaking fines and global regulators relentlessly expanding their oversight, preventing market abuse has become a major compliance challenge for financial institutions. In 2024 alone, we witnessed a major trading house settle for $55 million for improper handling of inside information and manipulative trading practices, while a global banking giant faced a…
Key Takeaways from FINRA’s 2025 Oversight Report
FINRA released its 2025 Regulatory Oversight Report (the Report) in January, highlighting several rapidly evolving challenges confronting its member firms. From the rise of “deepfake” AI that empowers criminals to carry out convincing cyberattacks, to newly highlighted dangers of synthetic identity fraud, the Report details how malicious actors continue to adapt their methods. Along with…
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,…
Bloomberg Boosts MARS Coverage with New Climate Module and Expanded Derivatives Exposure Coverage
Risk management for multi-asset portfolios is becoming increasingly complex with tightening derivatives and climate-related disclosures all posing new challenges to market participants and investors. In response to these evolving needs, Bloomberg’s Multi-Asset Risk System (MARS) has introduced two significant enhancements: MARS Climate, a comprehensive solution for portfolio-level climate risk analysis, and expanded support for global…
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…
FINRA Requests Deadline Extension on SEC Approved 6500 Securities Lending Rules
In January, the Securities and Exchange Commission (SEC) approved the FINRA rule 6500 series requiring securities lending reporting. SEC rule 10c-1a, which mandates greater transparency in the securities lending market was adopted in October 2023 and requires market participants to report securities lending transactions to FINRA, and for FINRA to establish a system to facilitate…
CTA Reporting Suspended but BSA Obligations and BOI Risks Remain
Following a series of legal challenges and court rulings, the future of the Corporate Transparency Act (CTA) and the Beneficial Ownership Information (BOI) repository at the Financial Crimes Enforcement Network (FinCEN) remain unclear. Congress passed the CTA in 2021, and the law went into effect on January 1, 2024. The filing deadline for companies that…