Financial firms operate in a complex regulatory landscape where adherence to compliance standards is paramount. According to MCO, recent enforcement actions and regulatory developments have brought increased scrutiny to communication surveillance practices, particularly in the wake of significant penalties imposed by regulatory bodies. Amidst these challenges, firms must navigate a myriad of regulations governing communication channels and record retention requirements. The recent enforcement actions by the U.S. Securities and Exchange Commission (SEC) have underscored the importance of mainta ..read more

The PSR has called for views on its envisioned supervisory strategy, marking a step in bolstering the integrity and resilience of the payment systems landscape. Established last year, the Supervision and Compliance Monitoring division within the PSR has been instrumental in reinforcing compliance with regulatory requirements, amidst a backdrop of escalating competition, burgeoning choice, and the persistent challenge of payment fraud. Central to the PSR’s proposal is the cultivation of robust, ongoing relationships with the entities it oversees, including prominent payment system operators suc ..read more

Leaders in sustainable finance, including the ICMA, the IsDB, and the LSEG have jointly published new guidance on the issuance of sustainable sukuk. The collaboration between ICMA, IsDB, and LSEG culminated in the release of comprehensive guidance aimed at providing issuers and other stakeholders with practical information on labelling sukuk as green, social, or sustainability-aligned while adhering to ICMA Principles. The guidance, unveiled following discussions at COP28 in December 2023, includes real-world examples, case studies, and best practices to facilitate the growth of the sustainabl ..read more

The RBA has unveiled a comprehensive report examining the possibilities and challenges of interlinking fast payment systems across borders. This report delves into the potential benefits, design intricacies, and hurdles associated with connecting fast payment systems globally. According to the findings, the interconnection of fast payment systems holds the promise of significantly enhancing the speed and transparency of cross-border transactions, benefiting both end users and service providers alike. Key to realising these advantages are well-structured governance frameworks, scheme rules, and ..read more

Capify, an online SME lender, has secured a significant financial boost with a £100 million credit facility from Pollen Street Capital. The new credit facility, provided by Pollen Street Capital, will fuel Capify’s ambitious growth plans and serve as working capital to support thousands of SMEs across the UK and Australia in the coming years. Founded in 2008 by serial entrepreneur David Goldin, Capify emerged during the global financial crisis to address the challenge many small and medium-sized businesses faced in accessing essential funding from traditional banks. Initially established in th ..read more

Event management revolves around meticulous planning and execution, with a key focus on organisation and punctuality. One crucial aspect of event management is ensuring a smooth and hassle-free entry process for attendees, which can be achieved through the adoption of innovative solutions, as Scanbot SDK explain. Traditional paper tickets pose various challenges, including inconvenience in carrying them and the risk of misplacement or damage. However, the emergence of mobile barcode scanning technology presents a practical solution, offering a seamless entry experience at various social gather ..read more

FlashAid, a Mumbai-based healthcare and InsurTech startup has announced a successful raise of $2.5m in a pre-Series A funding round. The investment was spearheaded by Piper Serica Angel Fund, along with notable participation from global venture capital firm SOSV, according to InsurTech Insights. Additionally, early-stage investors Z21 Ventures Fund and ZNL Growth Fund joined forces to bolster FlashAid’s financial backing. Established by Manoj Gupta and Gunjali Kothari, FlashAid is dedicated to revolutionising healthcare accessibility and affordability. The company’s innovative health solution ..read more

Aon, a global leader in professional services, has finalised the acquisition of NFP, a prominent middle-market player offering property and casualty broker, from Madison Dearborn Partners (MDP) and HPS Investment Partners. The acquisition, valued at $13bn, including cash, assumed liabilities, and equity in the form of Aon shares, aligns with the company’s strategy to fortify its foothold in the burgeoning middle-market segment, catering to the evolving needs of clients across diverse risk and wealth management domains. Aon plans to leverage NFP’s extensive capabilities and talented workforce t ..read more

In today’s rapidly evolving digital landscape, contact centers play a pivotal role in facilitating communication between businesses and their customers. According to Theta Lake, the deployment of unified communication and collaboration (UCC) tools has greatly enriched this communication, offering a wide range of features and functionalities. However, ensuring compliance with regulatory requirements remains a top priority for contact centers, often posing challenges for firms to fully leverage these technologies. In a recent webinar titled ‘Navigating Compliance Challenges: Strategies for a Rob ..read more

Sayata, a pioneer in cutting-edge insurance solutions, has introduced a revolutionary AI-powered platform poised to redefine how insurance carriers and MGAs evaluate and underwrite risk. The product, known as the Sayata Risk Engine, has emerged as a response to the evolving needs of insurance carriers and MGAs seeking innovative solutions to assess and manage risk efficiently in the SMB sector. The solution harnesses sophisticated AI algorithms to identify high-risk accounts accurately, enabling insurers to expand their risk appetite and accelerate premium growth while mitigating potentia ..read more