Tag: Regtech
OBL Reports Surge in App Fraud Targeting Open Banking Payments
Understanding the impact of app fraud on the fintech landscape.Highlights: OBL identifies a concerning increase in app fraud cases.The report highlights vulnerabilities in open...
FCA Launches Firm Checker Tool to Combat Financial Crime
Innovative software aids in financial crime prevention for firms.Highlights: FCA introduces Firm Checker tool for UK financial firms.Aims to improve compliance with financial crime...
Banks Must Update IT Systems for New Customer Vulnerability Standards
Enhancing consumer safety by ensuring compliance with updated regulations.Highlights: New customer vulnerability standards now demand updated IT systems in banks.Financial regulators emphasize the importance...
Ransomware Payments Surge by 77% in 2023 Before Declining in 2024
FinCEN reports a dramatic rise in ransomware payments, impacting industry stakeholders.Highlights: Ransomware payments increased by 77% in 2023, according to FinCEN.The total amount paid...
Europol Disrupts €700M Cryptocurrency Fraud Network: Implications and Insights
Analysis of Europol's significant action against crypto fraud.Highlights: Europol dismantled a €700 million cryptocurrency fraud ring.The operation involved multiple law enforcement agencies.Impact on crypto...
Scottish Widows Trials AI for Enhanced Marketing Compliance
Exploring AI's role in ensuring marketing regulations are met effectively.Highlights: Scottish Widows is testing AI for marketing compliance.The initiative aims to streamline compliance processes.AI...