New Compliance Platform

Financial compliance is the monitoring and implementation of the regulations and legislation governing finance and the capital markets. From investment banking techniques to retail financial practices, it covers the whole financial spectrum. Financial compliance became an important concern for regulators and other concerned parties following the 2008 Global Financial Crisis. Adequate financial compliance in 2008 could have prevented people from losing their homes, pensions, and retirement money, as well as lowered the recession's overall severity. That's why it is important to achieve the requirements of financial compliance by financial institutions. What is FinTech? The phrase "financial technology," sometimes known as fintech , is used to refer to any new technology that aspires to enhance and automate the usage and supply of financial services. Using specialized software and algorithms on computers and smartphones, it helps both businesses and people manage their ...

  Over the course of FY17–21, the U.S. Securities and Exchange Commission (SEC) brought enforcement actions against 700–850 odd corporations and people, levying average fines of $1.2 billion per year. 1 During the same time period, the Financial Conduct Authority (FCA) of the United Kingdom assessed $233 million in fines to about 14 businesses and individuals annually. 2 Such incidents keep happening and show no signs of stopping. Then the industry is put under more pressure as new regulations are introduced such as capital market surveillance systems or existing ones are changed. Over the course of FY17–21, the U.S. Securities and Exchange Commission (SEC) brought enforcement actions against 700–850 odd corporations and people, levying average fines of $1.2 billion per year. 1 During the same time period, the Financial Conduct Authority (FCA) of the United Kingdom assessed $233 million in fines to about 14 businesses and individuals annually. 2 Such incidents keep happening and s...