The World Economic Forum’s annual conference kicked off in Davos, Switzerland, on 22 January with a session on ‘Rethinking global financial risk’ – the real-world context for RegTech and FinTech solutions.
A new global survey reveals that CEOs view recession as their biggest external concern for 2019, and attracting and retaining talent as their top internal worry. However, cyber security ranks as US leaders’ biggest external fear, rather than a possible downturn.
The Economic Crime Strategic Board (ECSB) met for the first time on 14 January and is set to convene twice a year to set priorities, direct resources, and scrutinise performance against the government’s Serious and Organised Crime (SOC) strategy.
Preventing and detecting money laundering is one of the key problems facing banks, law enforcers, security agencies, and governments worldwide, and anti-money-laundering (AML) technologies are a RegTech hotspot.
Regulatory technology (RegTech) providers aim to help businesses comply with regulatory change in the financial services sector. However, with the tremendous increase in data volumes, manual processing has become expensive and time consuming.