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FundApps and SteelEye Merge to Enhance UK RegTech Solutions

A strategic merger signaling significant advancements in regulatory technology. Highlights: FundApps and SteelEye announce a significant merger.This merger aims to improve regulatory compliance solutions.Enhanced offerings...

Judge Halts CFPB Open Banking Rule Amid Compliance Concerns

New regulatory landscapes face hurdles as a judge intervenes in banking reforms. Highlights: A federal judge temporarily blocks the CFPB's open banking regulation.The decision raises...

FCA Fines Metro Bank £16.7M Over Inadequate Financial Crime Controls

The Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank due to failures in its financial crime monitoring systems...

Kaizen Secures £42M Investment to Expand Regulatory Compliance Solutions

Kaizen, a UK-based regulatory compliance solutions provider, has received £42 million in minority investment from Guidepost Growth Equity. This funding aims to support...

FE Fundinfo Acquires Matterhorn to Enhance AIFMD Reporting Services

FE Fundinfo has acquired Matterhorn Reporting Services to enhance its AIFMD reporting capabilities for alternative investment fund managers. Matterhorn’s expertise in regulatory compliance...

CFPB orders Apple and Goldman Sachs to pay combined $89m over “Apple Card failures”

Penalties Imposed: The Consumer Financial Protection Bureau (CFPB) has ordered Apple and Goldman Sachs to pay nearly $90 million in total penalties and...

Philadelphia’s Citadel Federal Credit Union agrees to pay $6.5m to settle allegations of redlining

Citadel Federal Credit Union will pay over $6.5 million to settle allegations of redlining in predominantly Black and Hispanic neighborhoods in and around...

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